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Tom Werner/DigitalVision via Getty Images Synopsis Adtalem Global Education (NYSE:ATGE) is a leader in post-secondary education. It is also a leading provider of talent to the healthcare industry. ATGE’s past three years have reported robust revenue growth. In addition, on an adjusted basis, its profit margins have remained robust over the same period. For its 3Q24 earnings result, which was reported on May 2, 2024, revenue grew 11.8% year-over-year, driven by strong growth in enrolment and tuition rate ...

Third Quarter 2024 Earnings May 2, 2024 ©2024 Adtalem Global Education Inc. All rights reserved Safe FORWARD-LOOKING STATEMENTS ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $413 million, an increase of 11.8% year-over-year, driven by a 7.8% growth in total enrollment [7][22] - Adjusted earnings per share reached $1.50, reflecting a 32.7% increase compared to the previous year [7][24] - Adjusted EBITDA was $107.1 million, up 24.6% year-over-year, resulting in an adjusted EBITDA margin of 25.9%, a 260 basis points increase from last year [22][24] Business Line Data and Key Metrics Changes - Chamberlain's revenue increased by 13.8% to $170.3 million, with total student enrollment up 9% year-over-year [24][25] - Walden's revenue grew by 13.3% to $150.6 million, with total student enrollment up 8.4% compared to the prior year [26] - The medical and veterinary segment saw revenue increase by 6.1% to $91.7 million, although total student enrollment decreased by 4.5% year-over-year [27] Market Data and Key Metrics Changes - Enrollment trends in the medical and veterinary segment improved sequentially, with a 300 basis points improvement from the last reported cycle [27][16] - Chamberlain's pre-licensure BSN online option saw triple-digit growth compared to last year, addressing critical nursing shortages [25][14] - Walden's "Believe and Achieve Scholarship" program has over 23,000 participants, reducing tuition costs by up to 25% for students who persist through their programs [15] Company Strategy and Development Direction - The company aims to establish itself as a national leader in post-secondary education and a key partner in U.S. healthcare, focusing on expanding access to high-quality academic programs [8][10] - The "Growth with Purpose" strategy emphasizes organic growth through operational excellence and transformational improvements across marketing, enrollment, persistence, pricing, and programs [11][19] - The company is committed to addressing healthcare workforce shortages and enhancing health equity through its educational offerings [19][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining revenue growth and operational leverage into the fourth quarter, raising fiscal year 2024 revenue guidance to $1.56 billion to $1.58 billion [11][30] - The company is closely monitoring FAFSA delays but currently sees no risks to upcoming enrollment cycles [35] - Management anticipates total enrollment in the medical segment to improve sequentially, with expectations for positive year-over-year growth in fiscal 2025 [39][52] Other Important Information - The company achieved a combined 98% first-time residency match rate for its medical schools, placing over 815 students into healthcare facilities [18] - Free cash flow for the fiscal year-to-date was $195 million, a $64 million increase year-over-year [28] - The company reduced outstanding letters of credit by $76.1 million during the third quarter, enhancing financial flexibility [29] Q&A Session Summary Question: How is the company addressing FAFSA delays for fall enrollment? - Management is monitoring the situation closely and currently sees no potential risks to upcoming enrollment cycles [35] Question: What is the outlook for FY '25 guidance? - Management believes the previously provided guidance of 4 to 6% growth is still a good proxy, with more specific guidance to be provided later [37] Question: When can the company expect growth in medical school enrollments? - Management expects total enrollment in the medical segment to improve sequentially, with potential for positive year-over-year growth early in fiscal 2025 [39] Question: How is the company balancing reinvestment and operational leverage? - Management prioritizes reinvesting in organic growth while also managing debt and returning capital to shareholders [42] Question: What are the growth drivers for Chamberlain and Walden? - Growth is driven by improved persistence rates and new enrollment growth, with expectations for continued growth in both institutions [45] Question: What initiatives are in place for medical schools to increase enrollment? - Management is focused on execution improvements and believes there is still a strong market opportunity for growth in medical school enrollments [52] Question: What is the status of the veterinary school regarding Department of Education regulations? - Management is engaged with the Department of Education to extend measurement periods for DVM programs and is confident in the program's ongoing viability [54]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------------------------------------------------------|-------------------------------------------------| | | | | For the tra ...

Exhibit 99.1 News Release Investor Contact Jay Spitzer Investor.Relations@Adtalem.com +1 312-906-6600 GLOBAL EDUCATION Media Contact Britt Mitchell AdtalemMedia@Adtalem.com +1 872-270-0301 Adtalem Global Education Fiscal Third Quarter 2024 Results; Guidance Raised Revenue up 11.8% YoY Total enrollment up 7.8% YoY Diluted earnings per share $0.93; Adjusted EPS $1.50, growth of 32.7% YoY Third Quarter Highlights ● Revenue $412.7 million, up 11.8% year-over-year ● Total student enrollment 85,809, up 7.8% year- ...

Value investing is considered one of the best practices when it comes to picking stocks. It is essentially about selecting stocks that are fundamentally sound but have been beaten down by some external factors. Such stocks are poised to bounce back as and when investors recognize the inherent value of companies. Certainly, the value investment strategy best suits investors with a long-term horizon.There are different valuation metrics to determine a stock’s inherent strength. Still, a random selection of a ...

When considering valuation metrics, the price-to-earnings (P/E) ratio has always been the obvious choice, as calculations based on earnings are easy and come in handy. However, in the case of companies that are incurring losses or are in an early cycle of development, generating meager or no profits, price-to-sales (P/S) is a good valuation metric. It helps investors identify cheap stocks.Other than P/E and P/S, the price-to-book ratio (P/B ratio) is also an easy-to-use tool for zeroing in on low-priced sto ...

Investors looking for stocks in the Schools sector might want to consider either Adtalem Global Education (ATGE) or Strategic Education (STRA) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes co ...

The Zacks Schools industry has been gaining traction these days as increasing demand for healthcare professionals and the launch of new technologies are benefiting the country. Along with this, the rising popularity of e-books and online learning is encouraging.However, the industry players have been facing challenges like higher advertising and marketing expenses, and costs pertaining to online education. Also, the advancement of generative artificial intelligence (AI) systems is a significant threat.Some ...