8-K
filed February 23, 2023, 6:59 PM ET
ticker PRDO
CIK 0001046568
earnings
confidence high
sentiment negative
materiality 0.75
Perdoceo Q4 revenue up 10.2% to $176.1M; GAAP EPS $0.23 vs $0.35; FY EPS $1.39 vs $1.55
PERDOCEO EDUCATION Corp
2022-FY EPS reported
$1.39
revenue$695,208,000
- Q4 revenue $176.1M (+10.2% YoY); CTU +13.1%, AIUS +5.9%.
- Q4 GAAP operating income $22.7M (-34.4%); adjusted operating income $32.4M (-22.9%).
- Full year revenue $695.2M (+0.3%); GAAP EPS $1.39 vs $1.55; adjusted EPS $1.63 vs $1.70.
- Total student enrollments 39,200 (-3.0% YoY); AIUS -10.8%, CTU +2.0%.
- Cash and short-term investments $518.2M at Dec 31, 2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PERDOCEO EDUCATION Corp reported the year ended December 31, 2022 results: revenue $695.2 million, EPS $1.39 per diluted share.
- Period
- the year ended December 31, 2022
- Revenue
- $695.2 million
- EPS
- $1.39 per diluted share
- Result
- reported results
Exact text from the filing
Revenue increased 0.3% to $695.2 million, with a 2.7% increase at CTU mostly offset by a 3.1% decline at AIUS. • Operating income decreased 13.0% to $129.6 million, while adjusted operating income decreased 6.6% to $164.0 million.* • Earnings per diluted share was $1.39 as compared to $1.55, while adjusted earnings per diluted share was $1.63 as compared to $1.70.*
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PERDOCEO EDUCATION Corp reported the quarter ended December 31, 2022 results: revenue $176.1 million, EPS $0.23 per diluted share.
- Period
- the quarter ended December 31, 2022
- Revenue
- $176.1 million
- EPS
- $0.23 per diluted share
- Result
- reported results
Exact text from the filing
Revenue increased 10.2% to $176.1 million, with a 13.1% increase at CTU and a 5.9% increase at AIUS. • Operating income decreased 34.4% to $22.7 million, while adjusted operating income decreased 22.9% to $32.4 million, primarily due to certain one-time investments within our academic institutions.* • Earnings per diluted share was $0.23 as compared to $0.35, while adjusted earnings per diluted share was $0.31 as compared to $0.40.*
View on SEC.gov
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