Adtalem Global Education Inc. reported a significant increase in financial performance for the third quarter of fiscal year 2025, with total revenue reaching $466.1 million, a 12.9% increase from $412.7 million in the same period last year. The company's net income rose to $60.8 million, up 65.2% from $36.8 million, driven by higher revenues across all segments and a reduction in business integration expenses. Diluted earnings per share also saw a notable increase, rising 71.0% to $1.59 compared to $0.93 in the prior year.
In terms of operational metrics, Adtalem's total student enrollment at Chamberlain University increased by 8.7% for the January 2025 session and 6.8% for the March 2025 session compared to the previous year. Walden University experienced a 13.5% increase in total enrollment as of March 31, 2025. The medical and veterinary schools reported a modest 1.2% increase in enrollment for the January 2025 semester. The company attributed these increases to strategic investments in student experience and marketing efforts.
Adtalem's financial position also showed improvement, with total assets increasing to $2.79 billion as of March 31, 2025, compared to $2.74 billion at the end of the previous fiscal year. The company reduced its long-term debt to $552.2 million from $648.7 million, reflecting a proactive approach to managing its capital structure. Additionally, the company repurchased 791,420 shares of its common stock during the quarter, further enhancing shareholder value.
Looking ahead, Adtalem's management expressed optimism about continued growth, citing ongoing investments in educational programs and infrastructure. The company plans to maintain its focus on enhancing student enrollment and experience while navigating the regulatory landscape associated with federal financial aid programs. The outlook remains positive, with expectations for further revenue growth driven by increased enrollment and strategic initiatives aimed at expanding market share in the education sector.
About Adtalem Global Education Inc.
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