Laureate Education, Inc. (LAUR) is an educational institution. For over 25 years, we have remained committed to making a positive impact in the communities we serve, by providing accessible, high-quality undergraduate, graduate, and specialized degree programs. We know that when our students succeed, countries prosper, and societies benefit.

We take very seriously our role in imparting knowledge and developing the skills of our students so they may become passionate changemakers. Whether through our student-led health clinics that offer free or low-cost services, or the faculty, staff, and students who have received national and global recognition for their social impact, collectively, we are delivering enduring positive change. Founded in 1999. It has 40,898 employees. IPO 2017.

Transcript

Operator

Welcome to Laureate Education's second quarter 2026 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. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Adam Morse, Senior Vice President of Finance. Please go ahead.

Adam Morse — SVP of Finance

Good morning, and thank you for joining us on today's call to discuss Laureate Education's second quarter 2026 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 have also posted a supplementary presentation to the website, which we will 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 U.S. securities laws. Forward-looking statements are subject to risks and uncertainties that may change at any time. Therefore, our actual results may differ materially