Adtalem Global Education Inc. (NYSE:ATGE) Q1 2024 Earnings Conference Call October 26, 2023 5:30 PM ET
Company Participants
Jonathan Spitzer - Vice President-Investor Relations
Steve Beard - President and Chief Executive Officer
Bob Phelan - Chief Financial Officer
Conference Call Participants
Jeffrey Meuler - Robert W. Baird
Ryan Griffin - BMO Capital Markets
Operator
Greetings, and welcome to the Adtalem Global Education's First Quarter Fiscal Year 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jonathan Spitzer, VP of IR. Thank you, Jonathan. You may begin.
Jonathan Spitzer
Good afternoon, ladies and gentlemen, and welcome to our earnings call for the first quarter 2024 results. On the call with me today are Steve Beard, President and Chief Executive Officer of Adtalem Global Education, and Bob Phelan, Chief Financial Officer.
Before I hand you over to Steve, I will as usual take you through the legal Safe Harbor and cautionary declarations. Certain statements and projections of future results made in this presentation constitute as forward-looking statements that are based on current -- our current market, competitive and regulatory expectations and are subject to risks and uncertainties that could cause actual results to vary materially.
We undertake no obligation to update publicly any forward-looking statement after this presentation, whether as a result of new information, future events, changes in assumptions or otherwise. Please see latest Form 10-K and Form 10-Q for a discussion of risk factors as it relates to forward-looking statements.
In today's presentation, we'll use certain non-GAAP financial measures. We refer you to the appendix in the presentation materials available on our Investor Relations website for reconciliations to the most directly comparable GAAP financial measures and related information. You will find a link to the webcast on our Investor Relations website at investor.adtalem.com. After this call, the presentation and webcast will be archived on the website for 30 days.
I will now hand you over to Steve.
Steve Beard
Good afternoon, everyone, and thank you for taking the time to join our first quarter fiscal year 2024 earnings call. We delivered a strong quarter as our growth with purpose strategy, a 3-year initiative focused on driving organic revenue growth has delivered top and bottom line results ahead of our expectations. It has also returned us to total enrollment growth while continuing to deliver outstanding student outcomes.
In the first quarter of fiscal 2024, revenue was $369 million, up 4% versus prior year and adjusted earnings per share was $0.93, up 3% versus prior year. Accelerating performance across our five operational pillars, marketing, enrollment, retention, pricing and programs affords us the opportunity to capitalize on our market-leading scale and our market responsive health care focus.