DeVry, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Reports Impairment Charge for the Second Quarter Ended December 31, 2011
January 27, 2012 at 02:31 am IST
Share
DeVry, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported total revenue of $524.1 million compared to $551.5 million a year ago. Operating income was $13.76 million compared to $135.6 million a year ago. Income before income taxes was $17.2 million compared to $135.695 million a year ago. Net income declined to $8.9 million from $88.71 million last year, and net income excluding discrete items was $62 million, down 30%. Diluted earnings per share declined to $0.13 per share from $1.25 per share last year, and earnings per share excluding discrete items was $0.92 per share, down 26%.
For the year to date, the company reported total revenue of $1,043.1 million compared to $1,072.9 million a year ago. Operating income was $93.62 million compared to $247.4 million a year ago. Income before income taxes was $96.72 million compared to $247.68 million a year ago. Net income declined to $66.35 million from $162.31 million last year, and net income excluding discrete items was $120 million, down 26%. Diluted earnings per share declined to $0.97 per share from $2.28 per share last year, and earnings per share excluding discrete items was $1.74 per share, down 24%. Net cash provided by operating activities was $219.296 million compared to $273.933 million a year ago. Capital expenditures were $63.027 million compared to $53.663 million a year ago.
The company reported impairment charge for the second quarter ended December 31, 2011. For the quarter, the company reported asset impairment charge of $75.039 million.
Adtalem Global Education Inc. is a provider of professional talent to the healthcare industry. The Company operates through three segments: Chamberlain, Walden, and Medical and Veterinary. Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment includes the operations of Chamberlain University (Chamberlain). Walden segment offers more than 100 online certificate, bachelorâs, masterâs, and doctoral degrees, including those in nursing, education, counseling, business, psychology, public health, social work and human services, public administration and public policy, and criminal justice. Medical and Veterinary segment offers degree and non-degree programs in the medical and veterinary postsecondary education industry. This segment includes the operations of the American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
DeVry, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Reports Impairment Charge for the Second Quarter Ended December 31, 2011