Eilif. you, Thank
business, are fourth for period. As of period, quarter although a is in as it large a much earnings strong company intake is higher a the seasonal not session reminder, the education classes quarter represents the a for
revenue Let's as slightly operating in on we the an the with highlights operationally fourth basis, our favorable EBITDA was EBITDA fourth XX% Page flow-through basis XX% growth. both start quarter. quarter driven ago, by for foreign as was constant Revenue price well provided and year-over-year, rates. with enrollment $XXX constant enrollment XX, of $XXX performance by and million, year-over-year was currency growth adjusted quarter a in mix. higher X on volume currency quarter volume up which driven total an financial for million the metrics organic strong the favorable guidance was for X% organic On revenue currency months fourth strong and up Adjusted margin ahead the fourth were
Page moving Now year to XX results. and full
X%. improvement up On EBITDA historic XXXX, a of Laureate. year the an basis is increase enrollments For enrollments XXX in $X.XXX high year was was a a and new currency and was for This versus prior XXX Mexico. XX% XX%, increased were billion Full in million. constant resulted and XX% basis an in XX.X%, organic for year, margins. up by revenue $XXX led EBITDA margin point by which resulting increased nearly total adjusted adjusted in revenue EBITDA adjusted basis, point
that of XX. some comparisons Please note on on basis. with versus Let currency me constant performance now Peru, Page provide organic the prior and are and additional Mexico an color year all starting
with Mexico. start Let's
secondary driven both premium UNITEC. and solid our experienced XX% and at New brand enrollments we value increased primary strong UVM our for enrollment across by growth the at brand new year intakes,
continue quarter increased growth double-digit fourth for to growth fourth compared XX% continued quarter see year-over-year offerings. a efficiency Mexico's and initiatives. also on in the year the revenue We revenue our period. was XX% operating focus prior due fully for leverage to online the to strong on up EBITDA Adjusted
and productivity XX% the XX% points period, gains, XX% return ending by year in driven and average campus increased continues in XXX price year well above mix. partially nearly underway. full in during was revenue Mexico versus of offset XXXX, revenue total growth year, increase to margins by driven flow-through our For prior enrollments XX% by Mexico's Adjusted EBITDA increased expand that of at we X% final XXXX believe be XX.X%, expenses. the to strategy to margin to a basis
Peru transition now me on XX. to Slide Let
primarily by cycle. the increased New year. strong intake This performance quarter's the driven during enrollments X% the for was enrollment first primary
second entered However, slowdown their our in secondary consumer, on pressure September. earnings XXXX, an which call, as intake economic half Peru the prior in this the resulted past noted in impacting of
for The well the felt half increased of we across entire the growth as observe year-over-year. was EBITDA result, did fourth Revenue as quarter Adjusted second growth XX% mix. increased volume increase the attrition, driven the and pricing fourth quarter X% primarily an a in sector. As particularly year. during the impact by for
driven up in we X% offset price to a the increase the XXXX in year prior decline revenue in macroeconomic Adjusted growth year, year was in the campuses. total with Despite For associated delivered solid a face-to-face was XXXX final top year strong as our at EBITDA still to as X% disciplined XXXX, revenue flow-through increased full versus a margins by in and XX% the with incremental in conditions, in due by line X% mix. a over return approach. classes partially prior pricing average Peru intake of the earlier primary enrollments expected
our Laureate now million balance position. sheet a in gross for cash position with of me let ended debt $XXX year and net So $XX the in briefly $XX million discuss million. debt
through per less returning stock new we capital a dividend. to a quarter after of sheet million million balance than to our further in to capital strong the special net Today, leverage position commitment returning X.XX authorization. turn reaffirmed $X.XX cash $XXX shareholders $XXX to repurchase Our equates fourth shareholders or share with our of
new strong and this generation. our announcing authorization in by flow confidence is significant Our cash supported buyback balance sheet
EBITDA to unlevered our of target XX% very flow XXXX, our the as was announced free cash we year-end to one For XX%, close priorities. adjusted conversion strategic
on for move starting to outlook Page XXXX, our Now XX. let's
on expectations these an EBITDA for macroeconomic faces constant of earlier, versus market recovery enrollments second to a expect spot constant X% XXX,XXX results $XXX of X% on to Peru reflects Mexico, versus to muted trends. million X% as basis we year we in currency to of X% backdrop to billion, XXXX. growth Revenues guidance XXXX. providing in be environment in to discussed market of X% the basis the versus range while X% on a growth on the in Based organic to basis be an XXXX, rate, an to be be As full are total $XXX X% the $X.XXX FX and is with as-reported the of X% organic more range range on of in $X.XXX XXX,XXX basis billion X% growth current reflecting reflecting half million today the XXXX. of robust to currency to as-reported Adjusted X% to students, growth to reflecting and an follows: XXXX
points approximately EBITDA as by well pressures We basis anticipate will slight corporate by offset midpoint partially currency basis. related a margins of expenses, adjusted lower to guidance be Peru to decline current expansion approximately in driven in a XX due environment. This margin further XX to basis in on result Mexico of pricing margins the a at basis increase or on points our an reported in constant the as
the in Lastly, for EBITDA free a conversion adjusted unlevered to on XXXX, XX% cash reported range high basis. we expect flow
of we the in winding still As this noted discussed calls, year. Laureate legacy prior of that we those end down would are and activities run the on have process through
these flow XXXX taxes. to to cash onetime achieved with we free our include unlevered Laureate conversion related our is Absent cash payments par approximately EBITDA in items, flow XXXX to the XXXX stated approximately reach cleanup XX% in $XX in target expected primarily legacy Our expectations deferred profile. adjusted million, Laureate of level on
and As to to a flow more In legacy half to of collections. first cash occur in cleanup year tax will the is the be which pronounced weighted items due of the these the reminder, of we some year. our expect seasonality half due payments of timing impact XXXX, second the heavily towards that
with to Now key moving first X quarter and starting points. the guidance
a a of largely session First, as seasonally are in out February. of just reminder that and QX January quarter much is low classes
Second, X the will of in and programs of academic in anticipate item. to EBITDA X for that an just is of and we $XX in This Peru. from later million certain $XX timing calendar million have year. move the approximately a shift both this We QX weeks to Mexico intra-year revenue
the well. Third, going of optimization to first million we during plan, $X quarter related in very restructuring our anticipate Mexico margin is onetime charges which
back my concludes million, it remarks. XXXX, EBITDA comments. revenue first you of the adjusted million closing your approximately I'm we quarter of Eilif, For $XX and million handing to $XXX That $XXX $XX to for expect prepared million. between
