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Apollo Group, Inc. Reports Fiscal 2012 Fourth Quarter And Year-End Results

Apollo Global, Inc.

On October 12, 2012, the Company entered into an agreement with The Carlyle Group and closed the purchase of Carlyle’s remaining 14.4% noncontrolling ownership interest in Apollo Global, Inc. for $42.5 million in cash, plus a contingent payment based on a portion of the Apollo Global operating results through the fiscal years ending August 31, 2017.

Business Outlook

The Company offers the following commentary regarding the outlook for fiscal year 2013 based on the business trends observed during the fourth quarter of fiscal year 2012, as well as management’s current expectations of future trends.
  • Net revenue of $3.65 - $3.80 billion; and
  • Operating income of $525 - $575 million, excluding the impact of special items and restructuring and other charges, but including the expected expense savings associated with the realignment plan and workforce reduction.

Conference Call Information

The Company will hold a conference call to discuss these earnings results at 5:00 p.m. Eastern, 2:00 p.m. Phoenix time, today, Tuesday, October 16, 2012.

Dial-In Numbers:

877-292-6888 (Domestic)973-200-3381 (International)Conference ID: 33161955

A live webcast of this event may be accessed by visiting the Company’s website at www.apollogrp.edu. A webcast replay will be available approximately one hour following the conclusion of the call at the same link.

A telephone replay will be available approximately two hours following the conclusion of the call until October 30, 2012.

Dial-In Numbers:

855-859-2056 (Domestic)404-537-3406 (International)Conference ID: 33161955

About Apollo Group, Inc.

Apollo Group, Inc. is one of the world's largest private education providers and has been in the education business for approximately 40 years. The Company offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its subsidiaries: University of Phoenix, Apollo Global, Institute for Professional Development and College for Financial Planning. The Company offers programs and services throughout the United States and in Latin America and Europe, as well as online throughout the world.

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