Laureate Education, Inc. (LAUR) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.458 Good day, and thank you for standing by. Welcome to the Fiscal Year 2025 Laureate 00:00:05.458 -- 00:00:10.344 Education, Inc. Earnings Conference Call. At this time, all participants are in a listen-only 00:00:10.344 -- 00:00:14.328 mode. After the speaker's presentation, there will be a question and answer session. 00:00:14.328 -- 00:00:19.174 To ask a question during the session, you will need to press star 11 on your telephone. 00:00:19.174 -- 00:00:22.839 You will then hear an automated message advising that your hand is raised. 00:00:22.839 -- 00:00:25.662 To withdraw your question, please press star 11 again. 00:00:25.662 -- 00:00:29.123 Please be advised that today's conference is being recorded. 00:00:29.123 -- 00:00:33.129 I would now like to hand the conference over to your first speaker today, Adam Morris, 00:00:33.129 -- 00:00:37.693 Senior Vice President of Finance. Please go ahead. 00:00:40.000 -- 00:00:44.567 Good morning, and thank you for joining us on today's call to discuss Laureate Education's 00:00:44.567 -- 00:00:49.655 fourth quarter and year-end 2025 results. Joining me on the call today 00:00:49.655 -- 00:00:54.863 are Alec Sarkanson, President and Chief Executive Officer, and Rick Buskirk, 00:00:54.863 -- 00:00:57.018 Chief Financial Officer. 00:00:57.018 -- 00:01:01.163 Our in-press release is available on the investor relations section of our website at 00:01:01.163 -- 00:01:03.126 laureate.net. 00:01:03.126 -- 00:01:07.712 We've also posted a supplementary presentation to the website, which we will be referring 00:01:07.712 -- 00:01:13.199 to during today's call. The call is being webcast, and a complete recording will be available 00:01:13.199 -- 00:01:15.580 after the call. 00:01:15.803 -- 00:01:19.5...