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Adtalem Global Education Inc. (ATGE) SEC Filing 10-Q Quarterly report for the period ending Thursday, December 31, 2020

Adtalem Global Education Inc.

CIK: 730464 Ticker: ATGE
Exhibit 99.1

 
News Release

Investor Contact:
Maureen Resac
Maureen.Resac@Adtalem.com
312-651-1481

Media Contact:
John Kristoff
John.Kristoff@Adtalem.com
312-651-1437


Adtalem Global Education Announces Second Quarter Fiscal 2021 Results

Operational execution accelerates growth

CHICAGO – Feb. 2, 2021
– Adtalem Global Education Inc. (NYSE: ATGE), a leading workforce solutions provider, today reported academic, operating and financial results for its fiscal 2021 second quarter ended December 31, 2020.

“We continue to successfully execute our leading workforce solutions provider strategy by meeting the needs of our students and our employer partners,” said Lisa Wardell, chairman and CEO of Adtalem. “We once again delivered strong revenue and earnings growth in the second quarter, driven by robust financial performance across the Medical and Healthcare segment, including a double-digit increase in total enrollment at Chamberlain University. Through strategic investments such as our pending acquisition of Walden University, we have positioned Adtalem to meet the needs of an evolving market and capitalize on long-term growth trends. We are accelerating and prioritizing those elements of our strategy that allow us to capitalize on the robust demand in medical, healthcare, and online education. That demand has continued to increase during the pandemic and provides us greater opportunity to differentiate our online offerings given our decades of experience in quality online education delivery.”

“Our institutions are addressing the critical workforce gaps in healthcare through strong student outcomes and graduating more new nurses and doctors than any single U.S. institution. In addition, our financial services segment revenue increased 6% from the prior year driven by execution in the mortgage training market by OnCourse Learning and ongoing momentum in the continuing education market by Becker,” concluded Wardell.

The following information was filed by Adtalem Global Education Inc. (ATGE) on Tuesday, February 2, 2021 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 2021 10-K Annual Report includes:

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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
Consolidated Statements Of Shareholders' Equity
Accounts Receivable And Credit Losses
Accounts Receivable And Credit Losses (Additional Information) (Detail)
Accounts Receivable And Credit Losses (Classification Of Accounts Receivable) (Details)
Accounts Receivable And Credit Losses (Credit Quality Analysis Of Financing Receivable) (Details)
Accounts Receivable And Credit Losses (Financing Receivables Past Due Prior To Adopting Asc 326) (Detail)
Accounts Receivable And Credit Losses (Rollforward Of Allowances For Credit Losses) (Detail)
Accounts Receivable And Credit Losses (Tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Commitments And Contingencies
Commitments And Contingencies (Detail)
Debt
Debt (Additional Information) (Detail)
Debt (Debt Issuance Costs) (Detail)
Debt (Long-Term Debt) (Detail)
Debt (Scheduled Maturities Of Long-Term Debt) (Detail)
Debt (Tables)
Discontinued Operations And Assets Held For Sale
Discontinued Operations And Assets Held For Sale (Additional Information) (Detail)
Discontinued Operations And Assets Held For Sale (Summary Of Balance Sheet Information Of Assets And Liabilities) (Detail)
Discontinued Operations And Assets Held For Sale (Summary Of Income Statement Information Of Operations) (Detail)
Discontinued Operations And Assets Held For Sale (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Additional Information) (Detail)
Goodwill And Intangible Assets (Changes In Carrying Amount Of Goodwill, By Segment) (Detail)
Goodwill And Intangible Assets (Estimated Amortization Expense For Amortized Intangible Assets) (Detail)
Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Detail)
Goodwill And Intangible Assets (Summary Of Goodwill Balances By Reporting Segment) (Detail)
Goodwill And Intangible Assets (Summary Of Goodwill Balances By Reporting Unit) (Detail)
Goodwill And Intangible Assets (Summary Of Indefinite-Lived Intangible Assets Balances By Reporting Segment) (Detail)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes (Detail)
Leases
Leases (Additional Information) (Detail)
Leases (Components Of Lease Cost) (Detail)
Leases (Future Minimum Rental Commitments For Noncancelable Operating Leases ) (Detail)
Leases (Lease Term, Discount Rate And Cash Flow Information ) (Detail)
Leases (Maturities Of Lease Liabilities) (Detail)
Leases (Tables)
Nature Of Operations
Nature Of Operations (Details)
Property And Equipment, Net
Property And Equipment, Net (Additional Information) (Details)
Property And Equipment, Net (Schedule Of Property And Equipment, Net) (Details)
Property And Equipment, Net (Tables)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (Additional Information) (Detail)
Redeemable Noncontrolling Interest (Reconciliation Of Non-Controlling Interest Balance) (Detail)
Redeemable Noncontrolling Interest (Tables)
Restructuring Charges
Restructuring Charges (Additional Information) (Detail)
Restructuring Charges (Restructuring And Related Costs) (Detail)
Restructuring Charges (Separation And Restructuring Plan Activity) (Detail)
Restructuring Charges (Tables)
Revenue
Revenue (Additional Information) (Detail)
Revenue (Disaggregate Revenue) (Detail)
Revenue (Tables)
Segment Information
Segment Information (Additional Information) (Detail)
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)
Share Repurchase (Detail)
Share Repurchase (Tables)
Share Repurchases
Stock-Based Compensation
Stock-Based Compensation (Additional Information) (Detail)
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)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

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: 0001558370-21-000661
Submitted to the SEC: Tue Feb 02 2021 4:57:24 PM EST
Accepted by the SEC: Tue Feb 02 2021
Period: Thursday, December 31, 2020
Industry: Educational Services

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