Adtalem Global Education Unveils Growth with Purpose Strategy to Drive Sustainable Growth
20 Junho 2023 - 9:00AM
Business Wire
Advancing its Position as a Leading Educator
of Healthcare Providers
Company Hosts Investor Day at Chamberlain
University Chicago Campus Today at 9:00 a.m. CDT Unveiling
Strategic Plan and FY 2026 Financial Growth Targets
Adtalem Global Education Inc. (NYSE: ATGE), a national leader in
post-secondary education and a leading provider of professional
talent to the healthcare industry, will today host an Investor Day
at its Chamberlain University Chicago campus, beginning at 9:00
a.m. CDT. At the event, members of the executive leadership team
will unveil Adtalem’s long-term growth strategy and elaborate on
the path to achieve its financial targets through fiscal year
2026.
“Adtalem’s mission is to provide access to knowledge,
transforming lives and enabling careers while achieving positive
academic and societal outcomes,” shared Steve Beard, Adtalem Global
Education president and chief executive officer. “Our unique
business model of synergistic institutions is systemically
important to healthcare as it delivers a world-class educational
experience and day-one ready clinicians to a chronically strained
U.S. healthcare system. I’m proud of the exceptional performance
that the team has accomplished over the past two years to integrate
our businesses, positioning us as a category of one. Our Growth
with Purpose strategy drives sustainable growth and value for our
stakeholders.”
Event Overview
During today’s event, Beard alongside Adtalem’s executive
leadership team will discuss the company’s three-year Growth with
Purpose strategy, which will drive long-term growth, including:
- Market Leading Scale, Reach, and Breadth: Driving productivity
in our existing footprint, making continued investments expanding
access, and responding to demand with innovative programs and
learning modalities;
- Operational Excellence: Driving superior execution across our
value-creating activities, including marketing, enrollment,
conversion and retention, with an unwavering focus on quality,
strong academic outcomes and student success;
- Differentiated Student Experience: Investing in capabilities to
sustain and increase student persistence and satisfaction, enabling
technology, and leveraging our scale, data and assets; and
- Partnerships with Healthcare Providers: Strengthening
partnerships between our institutions and leading employers to
deliver practice-ready professionals to the healthcare system at
scale.
Financial Outlook
The Adtalem leadership team reaffirms its fiscal year 2023
guidance and will discuss its updated financial targets that align
with the company’s strategic initiatives, and commitment to drive
shareholder value, including:
Fiscal year 2023 guidance
- Revenue $1,400 million to $1,450 million
- Adjusted earnings per share $4.05 to $4.20
Fiscal year 2024 guidance
- Revenue $1,460 million to $1,520 million
- Adjusted earnings per share $4.15 to $4.40
Long-term financial growth targets
Revenue
Adjusted earnings per share
Fiscal year
(year over year)
(year over year)
2025
+4% to +6%
+10% to +15%
2026
+5% to +8%
+13% to +18%
Webcast Information
Adtalem’s Investor Day event will begin at 9:00 a.m. CDT,
concluding at approximately 12:00 p.m. CDT. To register to attend
virtually, please visit Adtalem’s Investor Day website. Formal
presentations will be followed by a question-and-answer
session.
Presentation materials can be found on its Investor Relations
website at investors.adtalem.com, and a replay of the presentations
will be available following the event.
About Adtalem Global Education
Adtalem Global Education (NYSE: ATGE) is a national leader in
post-secondary education and a leading provider of professional
talent to the healthcare industry. With a dedicated focus on
driving strong outcomes that increase workforce preparedness,
Adtalem empowers a diverse learner population to achieve their
goals and make inspiring contributions to their communities.
Adtalem is the parent organization of American University of the
Caribbean School of Medicine, Chamberlain University, Ross
University School of Medicine, Ross University School of Veterinary
Medicine and Walden University. Adtalem’s family of institutions
has more than 300,000 alumni and 10,000 employees. Adtalem was
named one of America’s Most Responsible Companies in 2021 and 2023
by Newsweek and Statista, and one of America’s Best Employers for
Diversity in 2021 and 2022 by Forbes and Statista. Visit
Adtalem.com for more information and follow on Twitter and
LinkedIn.
Forward-Looking Statements
Certain statements contained in this release are forward-looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to any
historical or current fact, and the expected synergies from the
Walden acquisition. Forward-looking statements can also be
identified by words such as “future,” “believe,” “expect,”
“anticipate,” “estimate,” “plan,” “intend,” “may,” “will,” “would,”
“could,” “can,” “continue,” “preliminary,” “range,” and similar
terms. These forward-looking statements are subject to risk and
uncertainties that could cause actual results to differ materially
from those described in the statements. These risk and
uncertainties include the risk factors described in Item 1A. “Risk
Factors” of our most recent Annual Report on Form 10-K filed with
the Securities and Exchange Commission (SEC) and our other filings
with the SEC. These forward-looking statements are based on
information available to us as of the date any such statements are
made, and Adtalem assumes no obligation to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any projected results expressed or
implied therein will not be realized, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230620348087/en/
Investor Contact Jay Spitzer and Chandrika Nigam
Investor.Relations@Adtalem.com +1 312-906-6600
Media Contact Jacquelyn Manetakis
Adtalemmedia@Adtalem.com +1 630-303-4438
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