April 30, 2016 9:37 PM ET

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Company Overview of Kaplan, Inc.

Company Overview

Kaplan, Inc. provides educational and career services for individuals, school districts, colleges and universities, and corporations and businesses in the Americas, Europe, the Middle East, Africa, and Asia. It offers test preparation, licensing, continuing education, and professional development programs to customers in accounting, insurance, security, real estate, financial planning, and information technology industries. The company was founded in 1938 and is based in Fort Lauderdale, Florida. Kaplan, Inc. operates as a subsidiary of Graham Holdings Company.

6301 Kaplan University Avenue

Fort Lauderdale, FL 33309

United States

Founded in 1938

Phone:

954-515-3993

Fax:

212-437-1159

Key Executives for Kaplan, Inc.

Chairman and Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 45
Chairman of Graham Holdings Company and Chief Executive Officer of Graham Holdings Company
Age: 70
Chief Executive Officer of Kaplan Higher and Professional Education
Compensation as of Fiscal Year 2015.

Kaplan, Inc. Key Developments

Kaplan Announces U.S. Launch of Global Leadership and Professional Development Practice

Kaplan announced the launch of their U.S. Global Leadership and Professional Development Practice at a New York kick-off breakfast, attended by business leaders from the banking, finance and accounting sectors.

Kaplan Test Preparation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Kaplan Test Preparation announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $80,381,000 against $81,099,000 a year ago. Operating income was $7,079,000 against operating loss of $3,904,000 a year ago. Excluding revenues from acquired businesses, KTP revenue decreased 4%. For the six months, the company reported revenue of $149,607,000 against $148,902,000 a year ago. Operating income was $2,745,000 against operating loss of $10,532,000 a year ago. Excluding revenues from acquired businesses, KTP revenue decreased 3%. In comparison, KTP operating results improved in the second quarter and first six months of 2015 due to a reduction in operating expenses from tighter cost controls and the inclusion of the software asset write-offs in 2014.

Kaplan, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Charges for the Second Quarter of 2015

Kaplan announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of $523,625,000 against $542,964,000 a year ago. Operating income was $15,848,000 against $17,637,000 a year ago. Operating results for the second quarter of 2015 and 2014 include restructuring costs and software assets write-offs of $16.6 million and $10.5 million, respectively. The operating results in the second quarter of 2015 also include a $6.9 million long-lived asset impairment charge. For the six months, the company reported operating revenues of $1,024,227,000 against $1,065,118,000 a year ago. Operating loss was $7,001,000 against operating income of $19,499,000 a year ago. The company announced impairment of long-lived assets of $6,876,000 for the second quarter of 2015 in connection with the KHE Campuses business.

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