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299-01 | Riverbed Certified Solutions Professional - Visibility

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299-01 - Riverbed Certified Solutions Professional - Visibility - braindump

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Exam Number 299-01
Exam Name Riverbed Certified Solutions Professional - Visibility
Questions 260 Q & A
Recent Update May 21, 2019
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Test Code : 299-01
Test Name : Riverbed Certified Solutions Professional - Visibility
Vendor Name : Riverbed
Q&A : 260 Real Questions

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Riverbed Certified Solutions Professional - Visibility education

Adtalem global education Inc. (ATGE) Q3 2019 income call Transcript | 299-01 Real Questions and VCE Practice Test

Logo of jester cap with thought bubble.

photograph supply: The Motley fool.

Adtalem world training Inc. (NYSE:ATGE)Q3 2019 salary CallMay. 02, 2019, 5:00 p.m. ET

Contents:
  • organized Remarks
  • Questions and answers
  • name individuals
  • prepared Remarks:

    Operator

    Greetings, and welcome to the Adtalem international schooling's third-quarter 2019 profits name. [Operator instructions] As a reminder, this convention is being recorded. it's now my pleasure to introduce, John Kristoff, vice chairman of investor family members. thanks.

    You may additionally start.

    John Kristoff -- vice president of Investor relations

    thank you, and respectable afternoon. becoming a member of me nowadays are Lisa Wardell, president and chief govt officer; and Patrick Unzicker, chief financial officer and treasurer. i'd want to remind you that this conference name will contain forward-looking statements inside the meaning of the secure Harbor provision of the deepest Securities Litigation Reform Act of 1995. With admire to the longer term efficiency and financial situation of Adtalem world schooling that involve risks and uncertainties.

    actual effects might also fluctuate materially from those projected or implied with the aid of these ahead-looking statements. skills risks, uncertainties and other factors that could trigger results to vary or described more absolutely in merchandise 1A, risk factors, within the most fresh annual file on form 10-ok and form 10-Q filed with the Securities and exchange fee. Any forward-searching commentary made by using us is primarily based most effective on counsel at the moment accessible to us and speaks simplest as of the day on which it's made. We undertake no obligation to publicly replace any ahead-searching remark no matter if written or oral that can be made every so often because of counsel, future trends or in any other case.

    during contemporary name, we are able to discuss with non-GAAP monetary measures, which can be meant to complement, even though not change for our most directly similar GAAP measures. Our press release incorporates the economic and different quantitative suggestions to be mentioned nowadays as well as a reconciliation of non-GAAP to GAAP measures and is accessible on our web site. cellphone and webcast replays of today's call can be found for 30 days. To access the replays, please seek advice from latest press release.

    And with that, i could now flip the name over to Lisa.

    Lisa Wardell -- President and Chief government Officer

    decent afternoon, and thanks for joining our third-quarter fiscal 2019 income call. Our third quarter saw an overall increase in enrollments, growth across two of our three segments, a endured amazing balance sheet and fulfillment of a couple of strategic milestones. regardless of these successes, revenue within the know-how and company segments fell wanting our expectations as a result of ongoing challenges, mostly outside of our handle in Brazil. These challenges encompass the govt's extend of FIES funding on the end of March; elevated pricing force, in particular within the on-line sector; and unfavorable foreign money alternate.

    subsequently, we are adjusting our full-yr revenue expectations.regardless of the bad profits affect, new scholar enrollment in Brazil expanded within the double digits, illustrating the resiliency and demand for our features and our robust market place in that country. all through the third quarter, we continue to correctly execute on our universal operational efficiency to force enhanced profitability and deliver against our bottom-line goal. subsequently, we are reaffirming our profits-per-share boom information for the fiscal-year 2019. Later, Patrick will provide additional details on our full-yr counsel.

    I wish to emphasize that we remain absolutely committed to driving the good line and profits growth to achieve the lengthy-term purpose we communicated prior to now. at the start of fiscal 2019, we discussed our brief and long-term goals for the Adtalem portfolio, and we've delivered many successes as we execute on our lengthy-time period strategy. now we have streamlined the portfolio for the DVU and Carrington divestitures, relocated Ross university college of medicine to Barbados, reopened the leading campus of american university of the Caribbean faculty of medication on Sint Maarten and based the AUC U.ok. satellite campus in partnership with UCLAN.

    in addition, we improved student outcomes and focused our strategy on becoming a group of workers options provider that serves supplier sand thereby power pupil success and placement, in addition to promotes ongoing researching and construction. we now have additionally made some growth towards a number of of our near-time period operational goals. We delivered on earnings per share in accordance with our expectations and are keeping advice for the year, generally pushed by using effectively enforcing our cost-optimization initiatives. As i'll explain in depth momentarily, we also persevered to see mighty efficiency in both Becker and ACAMS.

    we now have considered an increase in first-time residency attainment costs in both of our scientific colleges and additionally noticed NCLEX move charges enhancing at Chamberlain where campuses reporting yr-to-date show us trending a bit of above the countrywide standard. at last, we're thrilled at our pending acquisition of OnCourse studying's economic services enterprise, which we introduced two weeks ago. This acquisition broadens knowledgeable education choices to the banking, credit union, personal loan and assurance market with leading market positions, over 1,seven hundred lessons and a good EBITDA margin profile. this will perfectly align us with our business method, strengthening our position as a leading group of workers options provider.

    Let me now supply a excessive-degree overview of our segment consequences during the quarter. Enrollments in our medical and Healthcare section of our combine, with boom at Chamberlain bolstered by means of persevered stress at our campuses and new partnerships offset by means of lessen medical weeks at the medical college. whereas we're concentrated on improving our close-time period proper line boom within the scientific schools, i'm highly pleased with the milestones we've completed here throughout the third quarter. Ross Med's first-time residency costs is over 90% for this year's clinical college students, making it greater competitive for prospective college students going forward.

    Ross Med has additionally established articulation agreements with Charles Drew institution, Tuskegee tuition, Florida Agricultural and Mechanical college and Dillard institution to raise the variety of students we admit from these historically white colleges and universities. additionally, Ross Vet has been granted a full reaccreditation with the aid of the American Veterinary clinical affiliation Council on training. Ross Vet changed into at first credited in 2011, so this represents the first reaccreditation. Dr.

    Anne French from the college of Glasgow, Scotland might be joining Ross Vet in September, 2019. Dr. French is stated international as a number one veterinary heart specialist. Our endured investment in the Ross Vet campus have considered the outlet of the first part of the tutorial hub, which presents additional study amenities for all college students.

    in the meantime at American university of the Caribbean college of drugs, we're already starting to see superb traction in our new partnership on the university of primary Lancashire in Preston, England, in addition to momentum in attracting students from Canada and India. We had our optimum-ever first-time residency attainment expense this March with ninety% of scholars matching 12 months-to-date. At Chamberlain, besides the extended enrollment and NCLEX circulate fees i discussed previous, we are set to launch two new courses, the primary is that master in Social Work and the 2d is an accelerated grasp of Science and medication software. Our present MSN program requires college students to take core MSN classes after which take additional specialization classes in a specific track or area of awareness.

    Our new accelerated program will allow students to get an MSN generalist degree and will take less time to comprehensive. both of those new courses have got all regulatory approvals and we will begin recruiting almost immediately. With our continued investments in new programs, scholar functions and additional campus locations, coupled with superior scholar outcomes that deliver increases in scholar enrollment cap and force greater interest from prospective students, I remain bullish on Chamberlain's lengthy-time period increase potentialities. skilled schooling has also continued its momentum from remaining quarter, becoming revenue double digits generally because of the endured success of ACAMS.

    This vertical is still a pillar of power for us, featuring us opportunities to liberate price as we extend our attain in the desirable governance, possibility and compliance area and giving us a clear appropriate to win with our market-main place and growth profile. ACAMS continue to look solid boom with membership exceeding seventy two,000 pushed via boom in the Americas, Asia and Europe. throughout the third quarter, ACAMS introduced the upcoming licensed world Sanctions expert Certification, credentialing employees in sanction compliance capabilities at multinational associations to navigate in an international of increasingly complicated laws and rules. we now have already acquired a good reaction to this new core software, which can be launched in early 2020.

    Our ACAMS campuses also proceed to publish listing attendance, with the third quarter showing our maximum-ever attendance up to now. And we welcomed Rohit Sharma as our new president to steer ACAMS. Rohit brings deep event managing a global business and a robust operational historical past. i am extremely joyful to work with Rohit we proceed to capitalize on opportunities in governance, risk and compliance skilled certification.

    Becker additionally reported a strong third quarter, starting to be CPA test prep and continuing schooling profits by way of about 3%, reversing the old style of declines we skilled in the past. The increase in our carrying on with training enterprise became strengthened by means of our transforming into corporate partnerships. increasing our company partnerships remains a desirable precedence for us as we develop our presence as a worldwide body of workers solutions issuer. We these days launched an infinite access bundle for Becker, continuing to support our cost proposition in keeping with pupil demand.

    We also entered into an exciting new partnership within our skilled schooling vertical with Northeastern college to collectively increase and distribute new products to our marketplaces. the primary of those choices could be a web path in artificial intelligence for fiscal services for you to launch late summer this year and will be focused to leaders and gurus within the trade to understand AI, its have an effect on and investigate AI readiness inside their personal agencies. at last, as i discussed earlier, we lately introduced our acquisition of OnCourse getting to know's economic capabilities enterprise, which deeply -- our skilled training choices to banking, credit score union, personal loan and coverage markets and free up enlargement alternatives across world financial services. As I in the past mentioned, we will face a collection of macro factors that had an damaging influence on our results for the third quarter.

    however, the boom traits and company discovering for the reason that our soft launch in March 2018 are superb and we're positive that this trend will proceed according to our capability to carry amazing academic courses and experiences to our college students. among the excellent 10 private higher training institutions in Brazil, Adtalem Brazil institutions are ranked as the #1 institution in eight of the 13 cities we serve according to the Brazilian Ministry of schooling's IGC metric, a composite rating concentrated on the national conclusion-of-program examination, faculty credentials and scholar satisfaction. so as we seem forward to fiscal-year 2020 and past, we are dedicated to unlocking value advent opportunities by using streamlining and focusing the company to build upon our existing power and leveraging the opportunity we ought to entice new clients, innovate new product offerings and achieving new markets. we have been working difficult throughout this transitional year to construct the groundwork for more finished solution for our B2B companions, together with partnerships with not-for-profit educational associations.

    We admire that near-time period results and constant execution matter and we're taking the crucial steps to grow earnings across the portfolio. i'm proud of the focused portfolio that we've created and that i continue to be confident we have a superb runway for lengthy-time period revenue growth and improved profitability. With that, let me turn the call over to Patrick for a deeper examine our financials for the quarter.

    Patrick Unzicker -- Chief economic Officer and Treasurer

    thanks, Lisa. first rate afternoon, everyone. within the third quarter, Adtalem salary of $308.6 million decreased 0.5% from the prior year however grew 2.1% on a continuing-foreign money groundwork. The lessen became essentially driven via income softness within the know-how and company phase, which turned into impacted by means of negative overseas foreign money alternate in Brazil.

    This segment's efficiency was typically offset by means of boom in medical and Healthcare in addition to strength within the professional schooling segment, driven by using powerful growth in ACAMS and Becker. operating expenses, apart from special gadgets, were $258.4 million within the third quarter in comparison to $256.9 million in the prior yr. The 0.6% increase turned into basically due to cost to support increase in the scientific and healthcare and knowledgeable training segments, partially offset by means of the favorable effect of overseas change charge in Brazil. operating salary from continuing operations apart from special items was $50.2 million in comparison to $fifty three.1 million in the prior 12 months.

    web revenue from carrying on with operations except particular items was $forty million in comparison to $forty three.four million within the prior 12 months. Diluted salary per share from continuing operations except for special gadgets became $0.sixty eight compared to $0.70 in the prior 12 months. The medical and healthcare section profits of $223.6 million improved 1.6% compared to the prior year. Chamberlain income changed into pretty much flat at $128 million for the 12 months.

    larger discounting and a decline in new and complete enrollment for the RN to BSN program offset boom in our other programs. revenue in the quarter for the medical and veterinary schools increased four% to $ninety five.four million compared to the prior yr. The third quarter of the 2019 yr-over-yr income assessment is negatively plagued by a difficult assessment to the third quarter 2018 when $3.7 million of earnings became shifted into January 2018 from the postponement of fundamental science academic guideline at the clinical schools due to the hurricanes. segment-operating earnings, except special objects in the third quarter 2019 became $fifty three million compared to $60.8 million within the prior year.

    The decrease was as a result of cost raises to guide future growth and the return to a standard level of rate at the scientific schools. Now turning to our skilled education phase. Third-quarter earnings multiplied 14% to $35.9 million in comparison to the prior yr. The gigantic development turned into because of double-digit increase in ACAMS as well as the return to strong boom in Becker.

    segment-working profits more than doubled the $5.1 million compared with $2.four million in the prior year, once more driven via the efficiency of each ACAMS and Becker. Third-quarter expertise and company phase earnings totaled $forty nine.9 million, a reduce of a 16% or down 2% on a continuing-foreign money groundwork. As Lisa outlined, this lower become pushed by way of the Brazilian government's extend in FIES funding, increasing pricing force and continued currency headwinds. however, we stay smartly located in this segment with the aid of the effective brands and market leadership, superior student outcomes and greater distance discovering capabilities.

    section working loss within the third quarter except particular gadgets was $845,000 compared to a lack of $103,000 in the prior year pushed with the aid of decrease revenues. Our useful tax price from continuing operations except for special objects changed into 16% for the third quarter. Now turning to our stability sheet economic position. money movement from operations for the primary nine months of fiscal 2019 totaled $129 million compared to $183 million within the prior yr.

    Fiscal 12 months-to-date capital fees totaled $50.9 million in comparison to $50.4 million in the prior yr. Our net debts receivable at March 31, 2019 become $155 million, flat with the prior 12 months. For the primary nine months of the fiscal 12 months, financial institution debt as a percent of salary became 1.2% as compared to 1.5% within the prior 12 months, reflecting the high-quality of our classes and solid pupil consequences. We closed the third quarter with cash and money equivalents of $321.2 million and astonishing a bank borrowings of $297.eight million.

    We continue to advantage from the power of our monetary position and balance sheet. probably the most methods we deployed cash all the way through the quarter became through returning capital to our shareholders, which is among our accurate capital allocation priorities. We completed our 10th share repurchase application and started our 11th program by repurchasing approximately $1.3 million of common inventory at a standard charge of $48.15 per share all over the third quarter of fiscal 2019. Now turning to our outlook.

    For the fourth quarter of fiscal 2019, we predict earnings to enhance three% to 4% compared to the prior yr. We expect fourth quarter 2019 working fees earlier than particular objects to boost 3% to 4% compared to the prior 12 months. The fourth quarter outlook assumes an trade expense of BRL three.eighty one billion to the U.S. dollar.

    On a full-yr foundation, we expect 2019 earnings to be basically flat in comparison to the prior yr, which comprises a terrible foreign money affect of approximately 3%. We predict income per share from carrying on with operations before particular items to develop in the 2% to 3% range in comparison to the prior yr. We are expecting our full-yr tax fee to be within the 16% to 17% range. the full 12 months outlook assumes an alternate expense of BRL three.83 to the U.S.

    dollar. Full-year capital spending is expected to be about $sixty five billion.With that, i will now flip the name over to the operator for Q&A.

    Questions & answers:

    Operator

    [Operator instructions] Our first query comes from Peter Appert with Piper Jaffray.

    Peter Appert -- Piper Jaffray -- Analyst

    Thanks. respectable afternoon. So on the Chamberlain enterprise, you cited -- I believe, Pat, it became you who became citing the pricing force and then vulnerable enrollments in the RN to BSN program. And it seems like these have been concerns for a while and probably going to continue to be issues.

    So i ponder how you get returned to sustained increase at Chamberlain.

    Lisa Wardell -- President and Chief executive Officer

    yes. So Peter, i might say a few things. definitely, we had some been decline in RN to BSN but that hole is narrowing for a couple of explanations. One, we're in fact bolstering our specific equipment, B2B teams there made them more effective in riding college students to that pipeline.

    As you recognize and as we spoke of just a little, that may still be a competitive differentiator for us, is, and we simply need to pressure that pipeline extra correctly, which we're seeing as we see that gap narrowing. And at the equal time, we've additionally talked about a little -- in our shift when it comes to our combine, our BSN on-website enrollments were specially strong as we saw basically good circulate in our graduate courses. So really, basically bullish on Chamberlain. The master of Public health, while it be absolutely very small base as a result of we simply began that software, amazing boom there and two new programs rolling out.

    And as you recognize, from S&P, Masters of Public health and others, Chamberlain is terribly neatly-placed to get new classes into the market of excellent and be capable of market those as a result of the powerful company in lecturers. So I do be aware what you are announcing about RN to BSN, however we believe that we have now acquired a extremely first rate deal with on immediate and lengthy-term increase there.

    Peter Appert -- Piper Jaffray -- Analyst

    And Lisa, as the combine possibly continues to shift with the undergraduate BSN and the MSN classes transforming into, does that have bad implications when it comes to profitability or margins for the segment?

    Lisa Wardell -- President and Chief executive Officer

    sure. I suggest from my standpoint, there's two positives right here. One is most likely optimization of the campus. we've got received those buildings, and as you understand, the ROI on those campuses over the medium to long run are somewhat decent.

    I do bear in mind what you mean in terms of RN to BSN being online, but as you comprehend, all of our graduate courses that we've in place and the ones that we're continuing to boost and put in place, just like the two that i discussed on the name, are online and, therefore, have that great margin profile. So we're satisfied with that.

    Peter Appert -- Piper Jaffray -- Analyst

    and then on Brazil. Lisa, you mentioned on-line competition and pricing pressures. And again, it appears like those may be carrying on with issues in that market. So what improves the working results there for you?

    Lisa Wardell -- President and Chief government Officer

    yes. sure. and of course, there may be some macros that we don't control, but we've got received three controllables there that we agree with supply us a appropriate to win and to return to true line boom there in Brazil. the primary truly is getting the cut price cadence right.

    i'd say that we overcorrected somewhat on cost. So whereas we saw some decent growth in new college students numbers and new pupil enrollment, we did not get the revenue per student there that we in all probability should still have, and that's one that the team is used to being able to contend with and proper. So we're clear on that. The 2d is, as you comprehend, one of those macros is FIES.

    We proceed to make certain that FIES is a smaller part of our profits base. I've outlined we're beneath 20%, continuing to move down into the young adults, and we are going to proceed to do this. as a result of frankly, the third controllable there once we believe about right line growth is that we've acquired brands that are less rate-delicate, IBMEC being a type of manufacturers and we deserve to be in a position to push these more. So for example, IBMEC with a core, we have obtained much less price sensitivity and respectable revenue per student and positively over the lifetime of the scholar.

    after which we have now also started to add programs to IBMEC which have shorter-size cycle classes and less earnings per student, but they are incremental to the IBMEC base, which is some thing that we think will support us push the suitable line.

    Peter Appert -- Piper Jaffray -- Analyst

    after which probably ultimately, Lisa. ACAMS continues to do well. however not fantastically, I bet, the true line growth price decelerates simply within the context of it being a much bigger business. So simply your recommendations in terms of the sustainable increase expense we may still consider about for that company going forward.

    Lisa Wardell -- President and Chief govt Officer

    yes. So I believe that when it comes to cost, we're truly online or on course with what we should have talked about. I suppose it's a bit decrease as a result of cyclicality and some timing on renewals. so as we have spoke of earlier than, and we are going to doubtless get into a little bit as we talk about full year advice, this autumn is in fact the strongest for each ACAMS and Becker.

    So we have no considerations there that we will continue to see that mighty increase. And in fact, we're also seeing it throughout all three geographic regions, so Asia, Europe and the U.S. So in reality excited about the place ACAMS is going.

    Peter Appert -- Piper Jaffray -- Analyst

    and then I simply wanted -- 

    Pat Unzicker -- Senior vice president and Chief fiscal Officer

    yes. Peter, only for the timing in the second quarter for that convention shift from the sequential foundation basically, ACAMS' growth accelerated.

    Peter Appert -- Piper Jaffray -- Analyst

    good enough. and maybe just lastly, with the OnCourse acquisition pending, obviously you're building the professional functions part of the company. And possibly, I expect you are trying to do more there, Lisa. So can you might be just speak a bit bit about your big graphic view of how you see the mix evolving in the business over the subsequent 12 months, subsequent couple of years?

    Lisa Wardell -- President and Chief govt Officer

    yes. bound. most likely, with OnCourse, we see a broader correct to win throughout governance, chance and compliance. now we have always stated that the ACAMS mannequin is one in every of splendor but very selected to anti-cash laundering, understand your client.

    And now of route with this new certification and sanctions, we are extremely bullish on what it's going to seem like. As OnCourse comes into the portfolio, pending its a hit close right here which we count on almost immediately, we're able to then extend each the customer base, so I talked about personal loan lenders and different tier of banks that we just don't -- we do not reach these days, coverage suppliers, et cetera, however then also across these classes and application choices that some pass-promoting and synergy opportunities. definitely, as we get to shut it and move during the next couple of quarters, we'll give visibility to what that feels like. but we proceed to see alternatives there.

    Peter Appert -- Piper Jaffray -- Analyst

    Thanks, Lisa.

    Operator

    thanks. [Operator instructions] Our next query comes from Jeff Meuler with Baird.

    Jeff Meuler -- Baird -- Analyst

    yes. thank you. just I guess first, possibly if you could supply us some additional detail on the incremental can charge mark downs, what you are doing to offset the income shortfall to preserve the EPS tips.

    Pat Unzicker -- Senior vice chairman and Chief financial Officer

    So the incremental cost discounts is basically pushed with the aid of our continued focus on reducing our prices. So we've been capable of continue to in the reduction of our actual property footprint right here at the domestic office, as well as now that each of the associations are in a great fingers with their new homeowners, we now have been capable of then start to see one of the advantage when it comes to assisting a lower pupil count, worker count number, and so forth.

    Jeff Meuler -- Baird -- Analyst

    adequate. and then there become a remark in there I failed to utterly touch it. There was whatever about decrease medical weeks at clinical schools. is this only a timing difficulty or become it whatever about being in a position to fill clinicals? I wager what's going on there?

    Lisa Wardell -- President and Chief executive Officer

    sure. it's absolutely timing. And so the time between the students ending their basic sciences after which going into their medical rotations prolonged, and for this reason, deferring that profits out. but we're -- we now have a plan to in reality be sure that these college students aren't taking as a great deal time.

    because frankly, from an tutorial viewpoint, or not it's no longer first rate for them. They feel in the event that they spend more outing getting to know before they go, they may do better. And really, it's the contrary. And we have now received the records to be in a position to exhibit them that.

    So we're now not concerned about that long term at all.

    Jeff Meuler -- Baird -- Analyst

    best. good enough. and then the remark about partnership with now not-for-income educational institutions, what are you doing or what are you envisioning doing?

    Lisa Wardell -- President and Chief executive Officer

    sure. So definitely, we have one which i mentioned within the script that we're kicking off at the moment, the place -- with Northeastern college, which is a really innovative university not-for-earnings in Massachusetts. And we're putting collectively a application with our content material and basically additionally our means modality, right, in terms of on-line beginning for that because it pertains to artificial intelligence for financial functions, for business -- their company undergrad and grad majors. So those kinds of things the place the not-for-profits are additionally attempting to make certain that they're remaining principal available in the market.

    And just the business in typical alterations, and being able to accomplice with them, I feel, is a means for us to power incremental revenue. This one in particular is thru ACAMS, but we're seeing it form of across the whole portfolio.

    Jeff Meuler -- Baird -- Analyst

    adequate. and then simply closing -- the comment about streamlining and focusing the portfolio. but then I believe, commonly, you might be announcing you like the portfolio. Are there extra ingredients of the company that may well be candidates for divestiture, I do not know, Brazil or some thing else? Or simply what do you imply by means of streamlining the portfolio?

    Lisa Wardell -- President and Chief govt Officer

    sure. So -- and we're certainly going to discuss our long-term plans simply a few weeks here at Investor Day. but in terms of the actual platform and portfolio, we suppose that we've bought the appropriate items in area. So in case you just go during the three areas, as we observed monetary functions, expert ed, we've streamlined that to, once again, monetary capabilities however then inside governance, possibility compliance.

    And we have talked about any form of inorganic increase there being very core to what we're doing now. I suppose OnCourse economic features is an ideal illustration of that, and we now have bought lots of biological runway. in case you analyze scientific and healthcare, we have the platform that we need there. And we talk about we actually, organically, have room there from a software and product -- new classes and items.

    And that if we did anything inorganically, it could be to speed up the time body -- I at all times use Chamberlain for instance since it takes three to four years to get through courses. however you see that we -- and get them to market. You see that we're doing that in parallel because we now have got two new ones popping out. those were in the works three years ago.

    So that is working there. And end then in Brazil, we actually have the platform that we need to win in Brazil. I've talked a bit bit about what the controllables are, what we should do. And there, of course, or not it's a macro question.

    however in no way in a method that we need to be reactionary, we believe like we've got obtained a platform.

    Jeff Meuler -- Baird -- Analyst

    thank you.

    Lisa Wardell -- President and Chief government Officer

    you are welcome.

    Operator

    women and gentlemen, there are no additional questions at present. i'll now flip the call back to John Kristoff for closing remarks.

    John Kristoff -- vice president of Investor members of the family

    thanks. So just real quick before we close. Lisa just mentioned Investor Day, which we will be holding on can also 13 in big apple. we will be issuing a press release within the morning with particulars.

    So we would encourage you to seek that and register to attend. And when you have any further comply with-up questions on account of the call, please suppose free to attain out to me directly. thank you very much.

    Operator

    [Operator signoff]

    period: 35 minutes

    name members:

    John Kristoff -- vp of Investor members of the family

    Lisa Wardell -- President and Chief executive Officer

    Patrick Unzicker -- Chief fiscal Officer and Treasurer

    Peter Appert -- Piper Jaffray -- Analyst

    Pat Unzicker -- Senior vice president and Chief economic Officer

    Jeff Meuler -- Baird -- Analyst

    more ATGE evaluation

    All income name transcripts


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