Laureate Education reports Q3 EPS 23c vs. 19c last year

Reports Q3 revenue $361.5M vs. $301M last year. Eilif Serck-Hanssen, President and Chief Executive Officer, said, “Laureate’s strong third quarter results were in line with expectations. Our operating performance reflects a robust macroeconomic backdrop in Mexico, including early signs of increased investments related to nearshoring, and a more subdued backdrop in Peru given recent softness in its economy. The financial results we delivered for the first nine months of the year demonstrate the unique value of Laureate’s diverse business model, which is based on a broad mix of product offerings at a range of price points. Our balance sheet remains strong, and today we are pleased to be announcing a special cash dividend of $0.70 per share, continuing our commitment to returning capital to our shareholders.”