Laureate Education, Inc. (NASDAQ:LAUR) Q2 2022 Earnings Conference Call August 4, 2022 8:15 AM ET

Company Participants

Adam Morse - Senior Vice President, Finance

Eilif Serck-Hanssen - President & Chief Executive Officer

Rick Buskirk - Chief Financial Officer

Conference Call Participants

Jeff Silber - BMO

Javier Martinez de Olcoz - Morgan Stanley

Operator

Good morning, ladies and gentlemen. Thank you for standing by and welcome to Laureate Education Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference may be recorded.

I would now like to turn the conference over to your speaker host, Adam Morse. Please go ahead.

Adam Morse

Good morning and thank you for joining us on today's call to discuss Laureate Education's second quarter 2022 results.

Joining me on the call today are Eilif Serck-Hanssen, President and Chief Executive Officer; and Rick Buskirk Chief Financial Officer. Our earnings press release is available on the Investor Relations section of our website at laureate.net. We've also posted a supplementary presentation to the website, which we'll be referring to during today's call. The call is being webcast and a complete recording will be available after the call.

I would like to remind you that some of the information we are providing today, including but not limited to our financial and operational guidance constitutes forward-looking statements within the meaning of applicable US securities laws. Forward-looking statements are subject to risks and uncertainties that may change at any time and therefore our actual results may differ materially from those we expected.

Important factors that could cause actual results to differ materially from our expectations are disclosed in our annual report on Form 10-K filed with the US Securities and Exchange Commission, our 10-Q filed earlier this morning as well as other filings made with the SEC. In addition, all forward-looking statements are based on current expectations as of the date of this conference call, and we undertake no obligation to update any forward-looking statements. Additionally, non-GAAP measures that we discuss including and among others adjusted EBITDA and its related margin, total cash net of debt and free cash flow are also detailed and reconciled to their GAAP counterparts in our press release or supplementary presentation.

Let me now turn the call over to Eilif.

Eilif Serck-Hanssen

Thank you Adam and good morning everyone. Today I'm pleased to report strong second quarter performance with operating and financial results ahead of our expectations. We are again raising our full year 2022 outlook, which Rick will cover in more detail later in our prepared remarks.