Mission Statement, Vision, & Core Values (2024) of Adtalem Global Education Inc. (ATGE)

An Overview of Adtalem Global Education Inc. (ATGE)

General Summary of Adtalem Global Education Inc.

Adtalem Global Education Inc. (ATGE) is a leading provider of healthcare education in the United States, operating several institutions including Chamberlain University, Walden University, and medical schools such as the American University of the Caribbean School of Medicine (AUC), Ross University School of Medicine (RUSM), and Ross University School of Veterinary Medicine (RUSVM). Founded in 1973, Adtalem has evolved to focus on degree and certificate programs primarily in nursing, health professions, and other fields of higher education.

As of 2024, Adtalem reported total revenue of $417.4 million, reflecting a growth of 13.2% compared to the previous year, driven by increased enrollment and higher tuition rates across its institutions.

Company's Financial Performance in the Latest Financial Reports

In the first quarter of fiscal year 2025, Adtalem's financial performance highlighted significant growth metrics:

• Net Income: Increased by 333.6% to $46.2 million.
• Operating Income: Rose by 149.1% to $70.2 million.
• Earnings Per Share (EPS): Diluted EPS increased 372.0% to $1.18.
• Adjusted Net Income: Increased by 28.3% to $50.5 million.
• Revenue Growth by Segment:
  • Chamberlain: $167.9 million, up 17.8%.
  • Walden: $161.5 million, up 14.1%.
  • Medical and Veterinary: $88.0 million, up 3.9%.

As of September 30, 2024, Adtalem's cash and cash equivalents reached $266.9 million, with total assets amounting to $2.82 billion.

Introduction to Adtalem as a Leader in the Industry

Adtalem Global Education Inc. stands out as a prominent leader in the education sector, particularly in healthcare education. Its diversified offerings and strategic focus on online and flexible learning modalities have positioned it well to meet the demands of a growing student population. The company's commitment to quality education and operational efficiency has resulted in robust enrollment growth, with total student enrollment at Chamberlain increasing by 12.1% and at Walden by 12.2% as of September 30, 2024.

Adtalem's strong financial performance and strategic investments in its educational offerings underscore its role as a leader in the industry. For additional details on Adtalem's success and strategic direction, readers are encouraged to explore further sections.

Mission Statement of Adtalem Global Education Inc. (ATGE)

Mission Statement of Adtalem Global Education Inc. (ATGE)

Adtalem Global Education Inc. (ATGE) emphasizes its mission statement as a guiding principle for its strategic direction and operational focus. The mission statement articulates the company's commitment to empowering students to achieve their educational and professional goals through high-quality programs and services. This statement is pivotal in aligning the organization’s efforts towards long-term objectives and maintaining a student-centric approach.

Core Components of the Mission Statement

1. Empowering Students

At the heart of Adtalem's mission is the commitment to empowering students. This reflects a dedication to providing educational opportunities that enable individuals to develop skills and knowledge necessary for career success. For instance, in the first quarter of fiscal year 2025, Adtalem reported a 12.1% increase in total student enrollment at Chamberlain University, demonstrating its effectiveness in attracting and retaining students.

2. High-Quality Programs

Adtalem's mission emphasizes the provision of high-quality educational programs that meet industry standards. This commitment is evidenced by the revenue growth across its segments, with consolidated revenue increasing by 13.2%, reaching $417.4 million in the first quarter of fiscal year 2025. The company operates three primary segments: Chamberlain University, Walden University, and its medical and veterinary schools, which together offer a wide array of degree and certificate programs tailored to market needs.

3. Commitment to Quality Services

Another key component of Adtalem's mission is its commitment to delivering quality services that enhance the educational experience. This includes support services that aid students throughout their academic journey. The company’s adjusted net income for the first quarter of fiscal year 2025 rose by 28.3% to $50.5 million, reflecting the positive impact of these services on student satisfaction and success.

Furthermore, Adtalem’s effective tax rate from continuing operations was recorded at 20.8% for the first quarter of fiscal year 2025, illustrating the company's sound financial management as it invests in educational quality and service enhancement.

Through its mission statement, Adtalem Global Education Inc. positions itself as a leader in the education sector, dedicated to empowering students with the tools to succeed in their careers while ensuring the delivery of high-quality programs and services.

Vision Statement of Adtalem Global Education Inc. (ATGE)

Vision Statement of Adtalem Global Education Inc. (ATGE)

As of 2024, Adtalem Global Education Inc. (ATGE) has articulated its vision statement emphasizing leadership in healthcare education and a commitment to empowering students to achieve their professional goals. The vision is centered on the following components:

Adtalem aims to deliver high-quality educational programs that meet the evolving needs of the healthcare industry. For fiscal year 2025, revenue from Chamberlain University was reported at $167.9 million, reflecting a 17.8% increase year-over-year, driven by increased enrollment and higher tuition rates.

The company focuses on empowering students through innovative educational models. As of September 30, 2024, total student enrollment at Walden University increased by 12.2% compared to the previous year, totaling 45,979 students. This growth underscores Adtalem's commitment to providing accessible education that prepares students for successful careers.

Adtalem positions itself as a leader in healthcare education, offering a variety of programs across its institutions. The Medical and Veterinary segment, encompassing AUC, RUSM, and RUSVM, generated revenues of $87.9 million in the first quarter of fiscal year 2025, marking a 3.9% increase from the prior year.

The vision includes creating innovative learning environments that foster collaboration and engagement. Adtalem has invested in enhancing its digital platforms, which has resulted in increased enrollment in online programs. For instance, the RN-BSN online degree program saw significant growth in enrollments during the July and September 2024 sessions.

Adtalem is dedicated to promoting diversity and inclusion within its educational framework. The company's initiatives aim to reflect the diverse communities it serves, which is essential for preparing students to work in varied healthcare settings. This commitment is evident in the increasing diversity of its student body across all campuses.

In line with its vision, Adtalem is pursuing strategic growth initiatives that include expanding program offerings and enhancing student services. For the first quarter of fiscal year 2025, Adtalem reported a net income of $46.2 million, a 333.6% increase from the previous year, indicating successful execution of its growth strategies.

Adtalem's vision extends beyond the U.S., aiming to have a global impact on healthcare education. The company’s international programs are designed to prepare students for global healthcare challenges, enhancing its reputation as a leading educational provider worldwide. This is reflected in the diverse backgrounds of its student population, which includes students from various countries pursuing degrees in healthcare fields.

Core Values of Adtalem Global Education Inc. (ATGE)

Integrity

The core value of Integrity at Adtalem Global Education Inc. emphasizes the importance of ethical behavior and accountability. This value is vital as it builds trust with students, employees, and stakeholders.

Adtalem demonstrates its commitment to integrity through various initiatives, including its adherence to regulatory standards in education and financial practices. For instance, the company maintains compliance with the U.S. Department of Education's regulations, ensuring transparency in its financial operations. As of September 30, 2024, Adtalem had $227.3 million in letters of credit outstanding in favor of the Department of Education, which allows its institutions to participate in Title IV programs. This commitment to regulatory compliance underscores its integrity in managing financial resources responsibly.

Excellence

Excellence is a core value that drives Adtalem's pursuit of high-quality education and operational performance. The company strives for continuous improvement in its educational offerings and services.

In fiscal year 2025, Adtalem reported a revenue increase of 13.2%, reaching $417.4 million, driven by growth across all segments. This growth reflects the company's commitment to excellence in education, as it achieved a 17.8% revenue increase in the Chamberlain segment alone. Additionally, the total student enrollment at Chamberlain increased by 12.1% in the July 2024 session and 11.7% in the September 2024 session, indicating the effectiveness of its educational programs.

Innovation

The core value of Innovation at Adtalem signifies its focus on evolving educational methodologies and technologies to enhance learning experiences. This value is crucial as it helps the company stay competitive in the rapidly changing education sector.

Adtalem has invested significantly in technology to support its innovative initiatives. The company reported a provision for bad debts of $13.7 million for the first quarter of fiscal year 2025, which reflects its proactive approach to managing financial risks associated with educational financing. Furthermore, Adtalem's strategic focus on expanding its online program offerings has contributed to its overall enrollment growth, with Walden University seeing a 12.2% increase in total student enrollment compared to the previous year.

Diversity and Inclusion

Diversity and Inclusion are core values that Adtalem promotes to foster a supportive and equitable environment for all students and employees. This value is essential for enhancing creativity and collaboration within the organization.

As part of its commitment to diversity, Adtalem has implemented several programs aimed at increasing access to education for underrepresented groups. The company has reported a significant investment in scholarships and financial aid, ensuring that a diverse student body can pursue their educational goals. In fiscal year 2025, Adtalem's total student enrollment reached approximately 117,000 across its various institutions, highlighting its efforts to create an inclusive educational environment.

Community Engagement

The value of Community Engagement reflects Adtalem's dedication to contributing to the communities it serves. This value is important for building relationships and enhancing the social impact of its educational programs.

Adtalem actively participates in community service initiatives and partnerships with local organizations. In fiscal year 2025, the company has reported engaging in various outreach programs that support education and health in underserved communities. This includes partnerships that provide resources and training for healthcare professionals, aligning with its mission to improve community health outcomes.

Article updated on 8 Nov 2024

Resources:

• Adtalem Global Education Inc. (ATGE) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of Adtalem Global Education Inc. (ATGE)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Adtalem Global Education Inc. (ATGE)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.