Adtalem Global Education Inc. delivered strong second-quarter results, achieving record enrollments and revenue growth while raising earnings guidance for the year, reflecting a robust execution of its strategic roadmap.
- Total enrollment grew over 6% to 97,000 students, with revenue increasing 12% to $503 million.
- Adjusted earnings per share rose 34% year-over-year to $2.43, prompting a raise in the full-year growth guidance to 17% to 20%.
- Chamberlain's nursing programs maintained a strong market position with a temporary pause in enrollment expected to rebound entering fall.
- Walden's enrollment reached a record of 52,400 students, marking the tenth consecutive quarter of growth, driven by innovative online offerings.
- A disciplined capital allocation approach saw $165 million dedicated to share repurchases this quarter, with $728 million remaining under authorization.
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