{"id":24949,"date":"2024-02-05T23:00:00","date_gmt":"2024-02-05T23:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4328924_CN28924_0"},"modified":"2024-02-05T23:00:00","modified_gmt":"2024-02-05T23:00:00","slug":"bright-scholar-announces-unaudited-financial-results-for-the-first-fiscal-quarter-of-fiscal-2024","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=24949","title":{"rendered":"Bright Scholar Announces Unaudited Financial Results for the First Fiscal Quarter of Fiscal 2024"},"content":{"rendered":"\n

FOSHAN, China<\/span><\/span>, Feb. 6, 2024<\/span><\/span> \/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<\/span>.<\/p>\n

FINANCIAL PERFORMANCE HIGHLIGHTS<\/b><\/p>\n

First Fiscal Quarter Ended November 30, 2023<\/span><\/b><\/p>\n

(in comparison to the same quarter of the last fiscal year):<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

RMB in million<\/i><\/b><\/span><\/p>\n

Except EPS and %<\/i><\/b><\/span><\/p>\n<\/td>\n

\n

First Fiscal Quarter<\/b><\/span><\/p>\n

Ended November 30, 2023<\/b><\/span><\/p>\n<\/td>\n

\n

First Fiscal Quarter<\/b><\/span><\/p>\n

Ended November 30, 2022<\/b><\/span><\/p>\n<\/td>\n

\n

YoY <\/b><\/span><\/p>\n

% Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Revenue <\/span><\/p>\n<\/td>\n

\n

572.7<\/span><\/p>\n<\/td>\n

\n

532.5<\/span><\/p>\n<\/td>\n

\n

7.6 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Gross Profit<\/span><\/p>\n<\/td>\n

\n

203.4<\/span><\/p>\n<\/td>\n

\n

179.8<\/span><\/p>\n<\/td>\n

\n

13.1 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Gross Margin<\/span><\/p>\n<\/td>\n

\n

35.5 %<\/span><\/p>\n<\/td>\n

\n

33.8 %<\/span><\/p>\n<\/td>\n

\n

1.7 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Operating Income<\/span><\/p>\n<\/td>\n

\n

74.5<\/span><\/p>\n<\/td>\n

\n

64.9<\/span><\/p>\n<\/td>\n

\n

14.8 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Operating Margin<\/span><\/p>\n<\/td>\n

\n

13.0 %<\/span><\/p>\n<\/td>\n

\n

12.2 %<\/span><\/p>\n<\/td>\n

\n

0.8 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Net Income for the quarter<\/span><\/p>\n<\/td>\n

\n

59.2<\/span><\/p>\n<\/td>\n

\n

42.0<\/span><\/p>\n<\/td>\n

\n

40.9 %<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Adjusted Gross Profit (1)<\/sup><\/span><\/p>\n<\/td>\n

\n

206.8<\/span><\/p>\n<\/td>\n

\n

183.6<\/span><\/p>\n<\/td>\n

\n

12.6 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Adjusted Operating Income (2)<\/sup><\/span><\/p>\n<\/td>\n

\n

77.8<\/span><\/p>\n<\/td>\n

\n

68.7<\/span><\/p>\n<\/td>\n

\n

13.3 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Adjusted Net Income (3) <\/sup>for the quarter<\/span><\/p>\n<\/td>\n

\n

61.9<\/span><\/p>\n<\/td>\n

\n

45.0<\/span><\/p>\n<\/td>\n

\n

37.3 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Adjusted EBITDA (4)<\/sup> for the quarter<\/span><\/p>\n<\/td>\n

\n

90.8<\/span><\/p>\n<\/td>\n

\n

90.1<\/span><\/p>\n<\/td>\n

\n

0.8 %<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Basic and Diluted Earnings per Share<\/span><\/p>\n<\/td>\n

\n

0.46<\/span><\/p>\n<\/td>\n

\n

0.32<\/span><\/p>\n<\/td>\n

\n

43.8 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Adjusted Basic and Diluted Earnings per Share (5)<\/sup> for the quarter<\/span><\/p>\n<\/td>\n

\n

0.48<\/span><\/p>\n<\/td>\n

\n

0.35<\/span><\/p>\n<\/td>\n

\n

37.1 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Basic and Diluted Earnings per ADS<\/span><\/p>\n<\/td>\n

\n

1.84<\/span><\/p>\n<\/td>\n

\n

1.28<\/span><\/p>\n<\/td>\n

\n

43.8 %<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Adjusted Basic and Diluted Earnings per ADS <\/span>(6) <\/sup>for the quarter<\/span><\/p>\n<\/td>\n

\n

1.92<\/span><\/p>\n<\/td>\n

\n

1.40<\/span><\/p>\n<\/td>\n

\n

37.1 %<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

______________________________________________________________________________________________<\/u><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
\n

1.  Adjusted gross profit is defined as gross profit excluding amortization of intangible assets.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.  Adjusted operating income is defined as operating income excluding amortization of intangible assets.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.  Adjusted net income is defined as net income excluding amortization of intangible assets, and tax effect of amortization of intangible assets.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.  Adjusted EBITDA is defined as net income excluding interest income\/(expense), net, income tax expense\/benefit, and depreciation and amortization.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.  Adjusted basic and diluted earnings per share is defined as adjusted net income attributable to ordinary shareholders (net income attributable to ordinary shareholders excluding amortization of intangible assets, and tax effect of amortization of intangible assets) divided by the weighted average number of basic and diluted ordinary shares.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6.  Adjusted basic and diluted earnings per American depositary share ("ADS") is defined as adjusted net income attributable to ADS shareholders (net income attributable to ADS shareholders excluding amortization of intangible assets, and tax effect of amortization of intangible assets) divided by the weighted average number of basic and diluted <\/span>ADSs.<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

For more information on these adjusted financial measures, please see the section captioned under "Non-GAAP Financial Measures" and the tables captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this release.
<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

 <\/p>\n

Overseas Schools (CATS Global Schools)<\/b><\/p>\n

CATS Global Schools included 3 Stafford House locations in UK, 4 CATS Colleges in US and UK, Cambridge School of Visual & Performing Arts and 3 independent boarding schools in UK as of November 30, 2023<\/span>.<\/p>\n