Adtalem Global Education Inc. (NYSE: ATGE) made headlines today with the announcement of the appointment of Dr. Betty Vandenbosch as an independent member of its board of directors, effective January 8, 2024. The stock of Adtalem Global Education moved 1.5% today, and is currently trading at a price of $57.71 per share.
Steve Beard, President and CEO of Adtalem, expressed enthusiasm about Dr. Vandenbosch's appointment, stating, "Dr. Vandenbosch's many years of experience in edtech and her expertise in innovative approaches to education make her the perfect addition to our board of directors. We're thrilled to welcome her to our team as we work together to serve our students as they prepare to enter the workforce or advance their careers."
Dr. Vandenbosch brings nearly 30 years of experience in corporate and academic leadership to Adtalem, with a background that includes technology, research, and teaching. She has held significant roles at prominent academic institutions and online education providers, including Coursera, Inc. and Purdue University Global.
Regarding her appointment, Dr. Vandenbosch expressed, "I'm excited to join the Adtalem board of directors, especially during this pivotal period in Adtalem's journey. Adtalem's mission and vision aligns with my own and I look forward to collaborating and offering insights that will help bring added value to the students it serves."
Adtalem Global Education Inc. is a national leader in post-secondary education and a leading provider of professional talent to the healthcare industry. The company has a dedicated focus on driving strong outcomes that increase workforce preparedness, empowering a diverse learner population to achieve their goals and make inspiring contributions to their communities.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (k) | $960,277 | $1,013,843 | $866,427 | $899,248 | $1,381,842 | $5,920 |
| Revenue Growth | n/a | 5.58% | -14.54% | 3.79% | 53.67% | -99.57% |
| Net Margins | 4% | 9% | -10% | 8% | 23% | 242% |
| Net Income (k) | $33,769 | $95,168 | -$85,334 | $70,027 | $310,991 | $14,336 |
| Net Interest Expense (k) | -$8,793 | -$15,808 | $19,510 | $41,365 | $129,348 | $53,126 |
| Depreciation & Amort. (k) | $33,004 | $33,759 | $32,278 | $33,888 | $44,574 | $9,129 |
| Diluted Shares (k) | 60 | 54,280 | 52,441 | 50,237 | 46,121 | 42,184 |
| Free Cash Flow (k) | $184,339 | $50,101 | $68,087 | $152,318 | -$20,453 | $186,989 |
| Capital Expenditures | $54,850 | $154,757 | $39,605 | $39,881 | $31,054 | $15,919 |
| Current Ratio | 2.07 | 1.28 | 2.0 | 1.23 | 1.14 | 0.95 |
| Total Debt (k) | $295,084 | $418,105 | $290,131 | $1,611,038 | $693,781 | $695,725 |
Adtalem Global Education has exceptional EPS growth, healthy debt levels, and decent net margins with a positive growth rate. However, the firm suffers from declining revenues and decreasing reinvestment in the business and irregular cash flows.
