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Last10K.com | 10-K Annual Report Thu Aug 24 2017
Exhibit 99.1
Adtalem Global Education Announces Fourth Quarter and Full Year Fiscal 2017 Results
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--August 17, 2017--Adtalem Global Education (NYSE: ATGE), a leading global education provider, today reported academic, operational and financial results for its fiscal 2017 fourth quarter ended June 30, 2017, including enrollment results at its Carrington College, Chamberlain University, DeVry University/Keller Graduate School of Management and its medical and veterinary schools.
“Our fiscal fourth quarter performance capped off a transformative year for our organization,” said Lisa Wardell, president and CEO of Adtalem Global Education. “We made considerable progress in the four priorities we laid out at the beginning of the year, aimed at strengthening our value proposition, elevating our growth profile and further improving operating leverage. We entered fiscal 2018 with momentum in pursuing our primary mission of empowering our students and filling the global work force skills gaps that are prevalent in our society. We will continue to focus on providing societal value by strategically expanding in core markets with significant supply/demand workforce imbalances, while taking steps to maximize returns on our investments to the benefit of our shareholders.”
Selected financial data for the three months ended June 30, 2017:
- Total revenue of $451.5 million decreased 4.3 percent versus the prior year
- Net income of $42.9 million, compared to a net loss of $10.0 million in the prior year; net income excluding special items was $50.0 million, compared to $41.2 million in the prior year
- Diluted earnings per share was $0.67, compared to a net loss per share of $0.16 in the prior year; diluted earnings per share excluding special items was $0.78, compared to $0.65 in the prior year
- Adtalem repurchased approximately 483,000 shares of common stock during the fourth fiscal quarter
The following information was filed by Adtalem Global Education Inc. (ATGE) on Thursday, August 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Adtalem Global Education Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
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Schedule Ii (valuation And Qualifying Accounts And Reserves) (detail)
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Adtalem Global Education Inc. provided additional information to their SEC Filing as exhibits
Ticker: ATGE
CIK: 730464
Form Type: 10-K Annual Report
Accession Number: 0001144204-17-044976
Submitted to the SEC: Thu Aug 24 2017 3:03:23 PM EST
Accepted by the SEC: Thu Aug 24 2017
Period: Friday, June 30, 2017
Industry: Educational Services
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