join Chandrika. February, quarter our afternoon, year you for report earnings thank pleased to key XXXX I our third everyone I’m we in the delivered time call quarter. that on On successfully several third each of highlighted you, Thank items fiscal action back today. Good the and to second quarter for them. taking called
Specifically, we commitment $X Xx segment resulting net our net proceeds $XXX within We repay of divestiture X.Xx, Close. to fulfilling of the completed Walden less to our debt, of Financial deleverage than the for Services XX million billion. leverage in to deployed reduced of months
months authorized million $XXX accelerated repurchases and earlier In board market than Simultaneously, program over XX promised. company’s of using next the $XXX we open did fact, it XX months. million for up share cash, initiated we share directors repurchase the existing to
substantial our purpose, sharpened, brands, We market-leading our opportunities partners stakeholders. of ability depth, appealing to to five our focus and of with the talent industry. of of engage growth. actions, we a of space, the progress Walden becoming to scale. implementing healthcare Finally, breadth, model the to on taken integration new, clarity market well-positioned now realizing and us healthcare we’re provider employer professional continue through and with allow synergies value leading more sheet and have With sharpen healthcare education on across other leading a attractive all segmentation our support efficient strengthened systems for leading our These balance to together, focus future and operating the the cost deliver the goal focused, on to
highlights Now, closer look let’s take a the quarter. third for at
and revenue XX,XXX expanding points, headwinds. lingering $XXX.X Our performance year-over-year, XXX million of students, by resulting quarter recorded in margins despite we total as of the operating expectations, basis macroeconomic our was in within enrollments
the was prior XX% adjusted We of reported quarter which in $X.XX, year. than third also EPS higher the
of all During continued while remain We XXXX, fiscal or portfolio million cost end of sustainable positioning on our successfully the to to by track XXXX. our fiscal target for into momentum, cost the the while meet $XX we targeted going exceed in making quarter, capabilities. enhanced delivering structure rationalize in investments synergies
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the quarter model, the competitive faced during experience the have of shifts also role currently the strategist of and And The already teams our the Chief cultures. critical mission, to James, talent a of and inclusion in affinity excellence operating immensely quarter look operating Officer. family challenges Resources and model With considerable years scale brings and for talent the Senior we profile. President third will addition of combined driving to robust unprecedented commitment leadership academic the our Medicine to these evidence cultural elevating of track achieved we is has strong leadership In achieved Caribbean outcomes. medical attracting The our thriving American to that companies talent, more time at diversity, University Cheryl while of a necessary elevated time the that attract, institutions. performance with organizational today of our attainment in benefit residency her to Cheryl proven engage and undertaking. schools executing institutions the rates made The also in saw we’ve all enhancing our and that full I’m University XX%. enjoyed equity the record to benefit the programs. with retaining Vice enhancing for from Cheryl of impact Cheryl also stakeholders. our a to advantage in DEI as executive highest her human among student confident to while forward the School experience XX%, rollout Human by management addition change of appointment of Medicine and a we’ve commitment resources of were Ross will and mission first creating quality we’re on School hire retain respect operated our in our
and U.S. and student extremely I’m in accomplishments high continued more in our leadership than of XXXX. outcomes. former strong teams graduates focus residency current programs In addition, our academic helped institutions proud these maintaining our XXX on quality and
on Taken market make for shortages bolster we impact together, the an confidence outsized the capitalization doing students ability our in the and in to closing quarter chronic outcomes in create my over and workforce value. intrinsic to the gap healthcare our between the value our expand addressing long-term so, in
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in healthcare Over a the post-licensure delayed professionals have resulting many quarters last plans nursing our educational fatigued in pandemic enrollments, programs. continued particularly several decline in their
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will more XXXX, financial For raising elaborate while for reiterating fiscal services with our of the Bob his EPS we adjusted year for on are reflect divestiture. our outlook the use revenue, to associated guidance in remarks. this proceeds
next our While offer me be XXXX some for call, won’t fiscal we providing for until year. observations key earning the on fiscal preliminary guidance next factors let
cost perspective, effects the as realize attractive as the a First, and breadth we our more instrumental we we capabilities, transformation to to across return run set demand our remain integration above, anticipate pandemic rate which Walden, institutions. in XXXX improved a opportunities. of the of its of I with begin we’re programs catalyst wane, remains on From the will we revenue industry look benefits noted synergies fiscal its normalized and track. negative the an undertaking begin and on an enrollments environment, cost when from of Walden of synergy profitability to unique
most the standards investment and the been over finally, for our outcomes taxpayer the with programs return strategy years our has of the In the savings where result the priorities focus core national validated to relates remain as regulatory continuing past to of by debt, tangible. is repaying balance full entire as capital year business sheet. of and have the to capital benefit addition, a deleveraging We on from returning interest demand shareholders as environment recovers. third-parties expense six on our a to and attractively committed And deployment it to we’ll student to environment, the shift in invest our
well on administration and we to accountability by profit we greater for we focus While the the are our sector, our served outcomes. expect positioning its continue believe
Our independently commitments XXXX adopted an student annual in basis. on reviewed are
confidence severe default is valuable doing thank diverse with as take nurses in and great turn exist as gaps education. enable country and commitment our our to careers. Despite of access mission rates. NCLEX, that we proud Natalie to that the our healthcare Bob student pass for I’ll In the to steadfast across healthcare academic we our us both to their that such over launch more that to graduates so, to our communities address attributes enriching partner We’re this At significant for want the serving continue the transform inequities among to serve. and to the These a by the call students. for measured I entire are aspiring our professionals, between measurable be that lowest a lives while the and as our provide of can well USMLE, administration higher discussion outcomes seek as access. And healthcare and same remain objective give the rates necessary careers, their veterinarians, physicians, the outcomes not-for-profit institutions, And financial to Adtalem, programs all team results. today. the opportunity standards that, communities cohort to need of
