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Adtalem Global Education Inc. (ATGE) SEC Filing 10-Q Quarterly report for the period ending Monday, December 31, 2018

Adtalem Global Education Inc.

CIK: 730464 Ticker: ATGE

Exhibit 99.1

Adtalem Global Education Announces Second Quarter Fiscal 2019 Results

New Student Enrollment Increased 4.9% in January 2019 Session

CHICAGO--(BUSINESS WIRE)--February 7, 2019--Adtalem Global Education Inc. (NYSE: ATGE), a leading global education provider, today reported academic, operating and financial results for its second quarter fiscal 2019 ended December 31, 2018.

“In the second quarter, we delivered growing enrollments in our medical and healthcare segment and strong results in our professional education segment driven by the refreshed product differentiation in the Becker business and continued growth in the Association of Certified Anti-Money Laundering Specialists (ACAMS). We also achieved several major milestones that further focused our portfolio, including the successful completion of the DeVry University and Carrington College transfers of ownership, as well as the permanent relocation of Ross University School of Medicine to Barbados,” said Lisa Wardell, president and CEO of Adtalem. “As we enter the second half of the fiscal year, we will continue to focus on delivering our value proposition to students and employer partners to help bridge the gap where talent supply and demand imbalances exist in the workforce.”

Financial Highlights

Selected financial data for the three months ended December 31, 2018:

  • Revenue of $316.6 million increased 2.7 percent compared to the prior year
  • Operating income from continuing operations was $70.3 million compared to $59.9 million in the prior year; operating income from continuing operations excluding special items was $58.4 million compared to $61.3 million in the prior year
  • Net income was $17.3 million compared to a net loss of $81.2 million in the prior year; net income from continuing operations excluding special items was $44.5 million compared to $50.3 million in the prior year
  • Diluted earnings per share was $0.29 compared to a loss per share of $1.33 (basic) in the prior year; diluted earnings per share from continuing operations excluding special items was $0.74 compared to $0.81 in the prior year
  • Approximately 1.1 million shares of common stock were repurchased during the second quarter of fiscal 2019 at an average purchase price of $50.18 for a total of $56.8 million

The following information was filed by Adtalem Global Education Inc. (ATGE) on Thursday, February 7, 2019 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-Q Quarterly 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 2019 10-K Annual Report includes:

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  • Executive Team
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Inside Adtalem Global Education Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Income (Loss)
Consolidated Statements Of Shareholders' Equity
Business Combinations
Business Combinations (Acquired Intangible Assets Subject To Amortization And Values And Estimated Useful Lives) (Detail)
Business Combinations (Estimated Fair Values Of Assets Acquired And Liabilities Assumed) (Detail)
Business Combinations (Tables)
Business Combinations - Additional Information (Detail)
Commitments And Contingencies
Debt
Debt (Debt Issuance Costs) (Detail)
Debt (Long-Term Debt) (Detail)
Debt (Scheduled Maturities Of Long-Term Debt) (Detail)
Debt (Tables)
Debt - Additional Information (Detail)
Discontinued Operations
Discontinued Operations (Summary Of Balance Sheet Information Of Assets And Liabilities) (Detail)
Discontinued Operations (Summary Of Income Statement Information Of Operations) (Detail)
Discontinued Operations (Tables)
Discontinued Operations - Additional Information (Detail)
Fair Value Measurements
Fair Value Measurements (Assets Measured At Fair Value On Recurring Basis) (Detail)
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Financing Receivables
Financing Receivables (Credit Risk Profiles Of Institutional Loan Balance) (Detail)
Financing Receivables (Institutional Loan Balances And Related Allowances For Credit Losses) (Detail)
Financing Receivables (Institutional Loans Past Due) (Detail)
Financing Receivables (Tables)
Financing Receivables - Additional Information (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Intangible Assets
Intangible Assets (Changes In Carrying Amount Of Goodwill, By Segment) (Detail)
Intangible Assets (Estimated Amortization Expense For Amortized Intangible Assets) (Detail)
Intangible Assets (Schedule Of Intangible Assets) (Detail)
Intangible Assets (Summary Of Goodwill Balances By Reporting Segment) (Detail)
Intangible Assets (Summary Of Goodwill Balances By Reporting Unit) (Detail)
Intangible Assets (Summary Of Indefinite-Lived Intangible Assets Balances By Reporting Segment) (Detail)
Intangible Assets (Tables)
Intangible Assets - Additional Information (Detail)
Interim Financial Statements
Interim Financial Statements - Additional Information (Detail)
Restructuring Charges
Restructuring Charges (Pre-Tax Restructuring Charges) (Detail)
Restructuring Charges (Separation And Restructuring Plan Activity) (Detail)
Restructuring Charges (Tables)
Restructuring Charges - Additional Information (Detail)
Segment Information
Segment Information (Revenues And Long-Lived Assets By Geographic Area) (Detail)
Segment Information (Tables)
Segment Information (Tabulation Of Business Segment Information Based On Current Segmentation) (Detail)
Segment Information - Additional Information (Detail)
Share Repurchase Programs
Share Repurchase Programs (Shares Repurchased Under Programs) (Detail)
Share Repurchase Programs (Tables)
Share Repurchase Programs - Additional Information (Detail)
Stock-Based Compensation
Stock-Based Compensation (Fair Values Of Stock Option Awards Weighted Average Assumptions) (Detail)
Stock-Based Compensation (Summary Of Options Activity) (Detail)
Stock-Based Compensation (Summary Of Restricted Stock Units Activity) (Detail)
Stock-Based Compensation (Tables)
Stock-Based Compensation (Total Stock-Based Compensation Expense Included In Consolidated Statement Of Income) (Detail)
Stock-Based Compensation - Additional Information (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Disaggregate Revenue) (Detail)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Reconciliation Of Basic Shares To Diluted Shares) (Detail)
Summary Of Significant Accounting Policies (Reconciliation Of Non-Controlling Interest Balance) (Detail)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (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-Q Quarterly Report
Accession Number: 0001144204-19-005592
Submitted to the SEC: Thu Feb 07 2019 11:12:37 AM EST
Accepted by the SEC: Thu Feb 07 2019
Period: Monday, December 31, 2018
Industry: Educational Services

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