Bright Scholar Education Hlds

Bright Scholar Education Holdings Ltd. operates as a global premier education service company. The firm provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. It also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China. It operates through the following segments: Overseas Schools, Complementary Education Services, and Domestic Kindergartens and K-12 Operation Services. The company was founded by Mei Rong Yang on February 18, 1994 and is headquartered in Foshan, China.

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Bright Scholar Education Holdings Ltd. is a global premier education service company, which engages in the provision of quality international education service to global students. It operates through the following segments: Overseas Schools, Complementary Education Services, and Domestic Kindergartens and K-12 Operation Services. The company was founded by Mei Rong Yang on February 18, 1994, and is headquartered in Foshan, China.

Bright Scholar Education Holdings Limited (NYSE:BEDU ) Q2 2024 Earnings Conference Call April 19, 2024 9:00 AM ET Company Participants Ruolei Niu - Chief Executive Officer Cindy Hui Zhang - Chief Financial Officer Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for Bright Scholar's Second Quarter of Fiscal 2024 Earnings Conference Call.

Bright Scholar Education Holdings Limited (BEDU) Q2 2024 Earnings Call Transcript

Gross Profit Increased 40.2% YoY and Net Income Reached RMB 2.9 million Management to hold a conference call today at 9:00 a.m. Eastern Time FOSHAN, China , April 19, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 second quarter ended February 29, 2024.

Bright Scholar Announces Unaudited Financial Results for the Second Quarter of Fiscal 2024

FOSHAN, China , April 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the second quarter of fiscal 2024 ended February 29, 2024, on April 19, 2024, before the US market opens. The Company's management will host an earnings conference call at 9:00 a.m.

Bright Scholar Schedules Unaudited Financial Results for the Second Quarter of Fiscal 2024 Ended February 29, 2024

Bright Scholar Education Holdings Ltd (BEDU) Q1 2024 Results - Earnings Call Transcript

FOSHAN, China , Feb. 5, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS First Fiscal Quarter Ended November 30, 2023 (in comparison to the same quarter of the last fiscal year): RMB in million Except EPS and % First Fiscal Quarter Ended November 30, 2023 First Fiscal Quarter Ended November 30, 2022 YoY % Change Revenue 572.7 532.5 7.6 % Gross Profit 203.4 179.8 13.1 % Gross Margin 35.5 % 33.8 % 1.7 % Operating Income 74.5 64.9 14.8 % Operating Margin 13.0 % 12.2 % 0.8 % Net Income for the quarter 59.2 42.0 40.9 % Adjusted Gross Profit (1) 206.8 183.6 12.6 % Adjusted Operating Income (2) 77.8 68.7 13.3 % Adjusted Net Income (3) for the quarter 61.9 45.0 37.3 % Adjusted EBITDA (4) for the quarter 90.8 90.1 0.8 % Basic and Diluted Earnings per Share 0.46 0.32 43.8 % Adjusted Basic and Diluted Earnings per Share (5) for the quarter 0.48 0.35 37.1 % Basic and Diluted Earnings per ADS 1.84 1.28 43.8 % Adjusted Basic and Diluted Earnings per ADS (6) for the quarter 1.92 1.40 37.1 % ______________________________________________________________________________________________ 1.

Bright Scholar Announces Unaudited Financial Results for the First Fiscal Quarter of Fiscal 2024

FOSHAN, China , Jan. 30, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the first fiscal quarter of fiscal 2024 ended November 30, 2023, on February 5, 2024, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com.

Bright Scholar Schedules Unaudited Financial Results for the First Fiscal Quarter of Fiscal 2024 Ended November 30, 2023

FOSHAN, China , Jan. 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced changes in its management. The Company received a letter of resignation dated January 3rd, 2024 from Mr.

Bright Scholar Announces Changes in Management

FOSHAN, China , Jan. 2, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it had filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended August 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on January 2, 2024. The annual report on Form 20-F, which contains the Company's audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as via the Company's investor relations website at http://ir.brightscholar.com.

Bright Scholar Filed Annual Report on Form 20-F for Fiscal 2023

FOSHAN, China , Dec. 20, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it held its 2024 annual general meeting of shareholders on December 19, 2023. At the meeting, the shareholders resolved by ordinary resolutions to ratify the appointment of (1) Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ended August 31, 2023, (2) Mr.

Bright Scholar Announces Results of 2024 Annual General Meeting

FOSHAN, China , Nov. 27, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS Fourth Fiscal Quarter Ended August 31, 2023 Financial Highlights   (in comparison to the same period of the last fiscal year): RMB in millions Except EPS and % Fourth Fiscal Quarter Ended August 31, 2023 Fourth Fiscal Quarter Ended August 31, 2022 YoY % Change Revenue 559.8 402.9 38.9 % Gross Profit 109.1 82.3 32.5 % Gross Margin 19.5 % 20.4 % (0.9 %) Operating Loss (286.2) (602.9) 52.5 % Operating Margin (51.1 %) (149.6 %) 98.5 % Net Loss for the quarter (340.3) (643.5) 47.1 % Adjusted Gross Profit (1) 112.8 86.3 30.7 % Adjusted Operating Loss (2) (57.2) (50.3) (13.6 %) Adjusted Net Loss (3) for the quarter (111.9) (91.8) (21.9 %) Adjusted EBITDA (4) for the quarter (43.7) (49.7) 12.0 % Basic and Diluted Loss per Share (2.90) (5.49) 47.2 % Adjusted Basic and Diluted Loss per Share (5) for the quarter (0.98) (0.84) (16.7 %) Basic and Diluted Loss per ADS (11.60) (21.96) 47.2 % Adjusted Basic and Diluted Loss per ADS (6) for the quarter (3.92) (3.36) (16.7 %)   Fiscal Year 2023 Ended August 31, 2023 Financial Highlights   (in comparison to the last fiscal year): RMB in millions Except EPS and % Fiscal Year 2023 Ended August 31, 2023 Fiscal Year 2022 Ended August 31, 2022 YoY % Change Revenue 2,123.8 1,714.0 23.9 % Gross Profit 597.3 476.7 25.3 % Gross Margin 28.1 % 27.8 % 0.3 % Operating Loss (186.6) (606.5) 69.2 % Operating Margin (8.8 %) (35.4 %) 26.6 % Net Loss for the year (386.8) (703.5) 45.0 % Adjusted Gross Profit (1) 612.2 494.5 23.8 % Adjusted Operating Income/(Loss) (2) 53.7 (40.9) 231.4 % Adjusted Net Loss (3) for the year (149.4) (141.7) (5.5 %) Adjusted EBITDA (4) for the year 115.8 147.0 (21.2 %) Basic and Diluted Loss per Share (3.33) (5.98) 44.3 % Adjusted Basic and Diluted Loss per Share (5) for the year (1.33) (1.24) (7.3 %) Basic and Diluted Loss per ADS (13.32) (23.92) 44.3 % Adjusted Basic and Diluted Loss per ADS (6) for the year (5.32) (4.96) (7.3 %)   1.

Bright Scholar Announces Unaudited Financial Results for the Fourth Fiscal Quarter and Fiscal Year 2023

FOSHAN, China , Oct. 31, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it would hold its 2024 annual general meeting of shareholders at No.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong 528300, The People's Republic of China on December 19, 2023 at 10:00 a.m. (local time).

Bright Scholar to Hold 2024 Annual General Meeting on December 19, 2023

FOSHAN, China , Sept. 27, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the third fiscal quarter of fiscal 2023 ended May 31, 2023.

Bright Scholar Announces Unaudited Financial Results for the Third Fiscal Quarter of Fiscal 2023

FOSHAN, China , Aug. 16, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the six months of fiscal 2023 ended February 28, 2023. FISCAL SIX MONTHS 2023 FINANCIAL PERFORMANCE HIGHLIGHTS Six Months Ended February 28, 2023 (in comparison to the same period of the last fiscal year):   RMB in million Except EPS and % Six Months Ended February 28, 2023 Six Months Ended February 28, 2022 YoY % Change Revenue 977.5 873.5 11.9 % Gross Profit 295.2 258.9 14.0 % Gross Margin 30.2 % 29.6 % 0.6 % Operating Income/(Loss) 25.7 (22.9) 211.8 % Operating Margin 2.6 % (2.6 %) 5.2 % Net Loss for the period (8.8) (52.9) 83.4 % Adjusted Gross Profit (1) 302.8 268.3 12.9 % Adjusted Operating Income/(Loss) (2) 33.3 (14.4) 331.2 % Adjusted Net Loss (3) for the period (2.7) (46.4) 94.1 % Adjusted EBITDA (4) for the period 63.5 127.7 (50.3 %) Basic and Diluted Loss per Share (0.10) (0.42) 76.2 % Adjusted Basic and Diluted Loss per Share (5) for the period (0.05) (0.36) 86.1 % Basic and Diluted Loss per ADS (0.40) (1.68) 76.2 % Adjusted Basic and Diluted Loss per ADS (6) for the period (0.20) (1.44) 86.1 %   1.

Bright Scholar Announces Unaudited Financial Results for the Six Months of Fiscal 2023

FOSHAN, China , Aug. 8, 2023 /PRNewswire/ – Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the six months of fiscal 2023 ended February 28, 2023, on August 16, 2023, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com.

Bright Scholar Schedules Unaudited Financial Results for the Six Months of Fiscal 2023 Ended February 28, 2023

FOSHAN, China , June 21, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it had filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended August 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC") on June 21, 2023. The annual report on Form 20-F, which contains the Company's audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as via the Company's investor relations website at http://ir.brightscholar.com.

Bright Scholar Filed Annual Report on Form 20-F for Fiscal 2022

Jiayin Group Inc - ADR

FOSHAN, China , Feb. 22, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced appointment of an independent director to the board of directors of the Company (the "Board") and changes in its management. The Company announced the appointment of Mr.

Bright Scholar Announces Appointment of Independent Director and Changes in Management

FOSHAN, China , Feb. 10, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it held an extraordinary general meeting of shareholders on February 10, 2023. At the meeting, the shareholders resolved by ordinary resolutions to (1) remove Mr.

Bright Scholar Announces Results of Extraordinary General Meeting

FOSHAN, China , Jan. 4, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that upon the receipt of a notice from the Chairman of the Board of Directors, it would hold an extraordinary general meeting of shareholders at No.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong 528300, The People's Republic of China on February 10, 2023 at 10:00 a.m. (Beijing Time GMT+8).

Bright Scholar to Hold Extraordinary General Meeting on February 10, 2023

FOSHAN, China , Dec. 30, 2022 /PRNewswire/ — Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it has received a letter dated December 29, 2022 from Ms. Huiyan Yang and Ms.

Bright Scholar Announces Receipt of Withdrawal of Going Private Proposal

FOSHAN, China , Nov. 29, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2022.   FINANCIAL PERFORMANCE HIGHLIGHTS Fourth Fiscal Quarter Ended August 31, 2022 Financial Highlights   (in comparison to the same period of the last fiscal year): RMB in million Except EPS and % Fourth Fiscal Quarter Ended August 31, 2022 Fourth Fiscal Quarter Ended August 31, 2021 YoY % Change Revenue from continuing operations 403.9 320.0 26.2 % Gross Profit from continuing operations 83.8 48.3 73.4 % Gross Margin from continuing operations 20.7 % 15.1 % 5.6 % Operating Loss from continuing operations (59.4) (204.0) 70.9 % Operating Margin from continuing operations (14.7 %) (63.7 %) 49.0 % Loss from discontinued operations, net of tax - (198.9) - Net Loss for the quarter (99.4) (478.2) 79.2 % Adjusted Gross Profit from continuing operations (1) 87.7 53.0 65.5 % Adjusted Operating Loss from continuing operations (2) (48.8) (99.2) 50.7 % Adjusted Net Loss (3) for the quarter (89.7) (175.5) 48.9 % Adjusted EBITDA (4) for the quarter (47.6) (29.8) 59.9 % Basic and Diluted Loss per Share from continuing operations (0.90) (2.40) 62.5 % Basic and Diluted Loss per Share from discontinued operations - (0.66) - Adjusted Basic and Diluted Loss per Share (5) for the quarter (0.82) (1.53) 46.4 % Basic and Diluted Loss per ADS from continuing operations (3.60) (9.60) 62.5 % Basic and Diluted Loss per ADS from discontinued operations - (2.64) - Adjusted Basic and Diluted Loss per ADS (6) for the quarter (3.28) (6.12) 46.4 %   Fiscal Year 2022 Ended August 31, 2022 Financial Highlights  (in comparison to the last fiscal year): RMB in million Except EPS and % Fiscal Year 2022 Ended August 31, 2022 Fiscal Year 2021 Ended August 31, 2021 YoY % Change Revenue from continuing operations 1,714.9 1,401.8 22.3 % Gross Profit from continuing operations 478.1 221.5 115.8 % Gross Margin from continuing operations 27.9 % 15.8 % 12.1 % Operating Loss from continuing operations (63.0) (389.7) 83.8 % Operating Margin from continuing operations (3.7 %) (27.8 %) 24.1 % Income from discontinued operations, net of tax - 369.3 - Net Loss for the year (159.4) (165.8) 3.8 % Adjusted Gross Profit from continuing operations (1) 495.9 237.7 108.7 % Adjusted Operating Loss from continuing operations (2) (39.4) (271.4) 85.5 % Adjusted Net Loss (3) for the year (139.6) (420.2) 66.8 % Adjusted EBITDA (4) for the year 149.0 (30.3) 592.5 % Basic and Diluted Loss per Share from continuing operations (1.39) (4.54) 69.4 % Basic and Diluted Earnings per Share from discontinued operations - 4.09 - Adjusted Basic and Diluted Loss per Share (5) for the year (1.23) (3.57) 65.5 % Basic and Diluted Loss per ADS from continuing operations (5.56) (18.16) 69.4 % Basic and Diluted Earnings per ADS from discontinued operations - 16.36 - Adjusted Basic and Diluted Loss per ADS (6) for the year (4.92) (14.28) 65.5 %   1.

Bright Scholar Announces Unaudited Financial Results for the Fourth Fiscal Quarter and Fiscal Year 2022

FOSHAN, China , Nov. 29, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced changes in its board of directors (the "Board"). Ms. Huiyan Yang ("Ms.

Bright Scholar Announces Change in Board of Directors

FOSHAN, China , Nov. 15, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2022, on November 29, 2022, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com.

Bright Scholar Schedules Unaudited Financial Results for the Fourth Fiscal Quarter And Fiscal Year 2022 Ended August 31, 2022

FOSHAN, China , Sept. 2, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that based upon a notice the Company received on September 1, 2022 from the New York Stock Exchange (the "NYSE"), the Company has regained compliance with the NYSE's continued listing standard for share prices.

Bright Scholar Regains Compliance with NYSE Minimum Price Requirement

FOSHAN, China , Aug. 22, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it held its 2022 annual general meeting of shareholders on August 22, 2022. At the meeting, the shareholders resolved by ordinary resolution to ratify the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ending August 31, 2022.

Bright Scholar Announces Results of 2022 Annual General Meeting

FOSHAN, China , Aug. 8, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will change the ratio of its American Depositary Shares ("ADSs") to Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing four (4) Class A ordinary shares. For Bright Scholar's ADS holders, this ratio change will have the same effect as a 1-for-4 reverse ADS split.

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