Adtalem Global Education Inc. completed a $150 million share repurchase program and announced a new $750 million share repurchase authorization.
The new authorization reflects confidence in the company's fundamental strength and long-term strategic outlook.
Since February 2022, Adtalem has returned $913 million to shareholders by repurchasing 17.2 million shares at an average price of $52.94.
Share Repurchase Programs
Completed $150 million share repurchase program and authorized a new $750 million program.
Financial Strength
Company's ability to generate significant cash flow while investing in growth initiatives.
Return to Shareholders
Returned $913 million to shareholders through share repurchases.
Balance Sheet Strength
Reduced debt by $1.1 billion since Aug. 12, 2021, enhancing financial position.
- The completion of the share repurchase program and new authorization indicate management and the Board's positive outlook on Adtalem's future.
- The reduction in debt shows the company's commitment to strengthening its balance sheet and financial standing.
Adtalem Global Education Inc.'s strategic decisions demonstrate a focus on creating value for shareholders and ensuring a strong financial foundation for future growth opportunities.