Adtalem Global Education Inc. (ATGE) SEC Filing 10-Q Quarterly report for the period ending Sunday, December 31, 2017

Exhibit 99.1

Adtalem Global Education Announces Second Quarter Fiscal 2018 Results

CHICAGO--(BUSINESS WIRE)--February 6, 2018--Adtalem Global Education (NYSE: ATGE), a leading global education provider, today reported academic, operating and financial results for its fiscal 2018 second quarter ended December 31, 2017, including enrollment results at Carrington College, Chamberlain University, its medical and veterinary schools and DeVry University/Keller Graduate School of Management.

“Our revenue profile and growth outlook continue to improve as we execute on our strategic plan,” said Lisa Wardell, president and CEO of Adtalem Global Education. “We are expanding our presence across our core sectors and directing our resources toward the most promising revenue opportunities within our verticals. Everything we do is centered on increasing the value proposition we provide to our students and their employers, while positioning our portfolio to grow in a profitable and sustainable manner. Our strong cash flow generation, healthy financial position and increasing operating leverage support our ongoing commitment to balanced capital allocation that includes returning capital to our fellow owners.”

Financial and Operating Highlights

Selected financial data for the three months ended December 31, 2017:

• Revenue of $337.2 million increased 1.0 percent compared to the prior year
• Net loss of $81.2 million compared to net income of $14.4 million in the prior year; net income from continuing operations excluding special items was $47.3 million, compared to $41.1 million in the prior year
• Diluted loss per share was $1.33, compared to earnings per share of $0.23 in the prior year; diluted earnings per share from continuing operations excluding special items was $0.76, compared to $0.64 in the prior year
• Operating cash flow for the first six months of fiscal year 2018 was $49.6 million, compared to $41.5 million in the prior year
• Cash and cash equivalents were $212.2 million as of December 31, 2017, compared to $197.9 million as of December 31, 2016. Outstanding bank borrowings were $165.0 million as of December 31, 2017, compared to $225.0 million as of December 31, 2016
• Approximately 1.14 million shares of common stock were repurchased during the second quarter of fiscal 2018