Perdoceo Education Q1 revenue up 6.9% to $195.6M; adjusted EPS $0.58 vs $0.50

PERDOCEO EDUCATION Corp

2023-Q1 EPS reported $0.50 revenue$195,598,000

Revenue $195.6M (+6.9% YoY); CTU up 10.0%, AIUS up 1.9%.
Operating income $43.3M (-0.8%); adjusted operating income $53.1M (+4.3%).
Diluted EPS $0.50 GAAP; adjusted EPS $0.58 vs $0.50 prior year.
Total student enrollments 37,900 (+0.8%); CTU flat, AIUS +2.1%.
Cash, equivalents, restricted cash and short-term investments $520.3M.

item 2.02 item 9.01

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 quarter ended March 31, 2023 results: revenue $195.6 million, EPS $0.50 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $195.6 million
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2023 Results as Compared to Prior Year Quarter • Revenue increased 6.9% to $195.6 million, with a 10.0% increase at CTU and a 1.9% increase at AIUS. • Operating income decreased 0.8% to $43.3 million, while adjusted operating income increased 4.3% to $53.1 million.* • Earnings per diluted share was $0.50 as compared to $0.46, while adjusted earnings per diluted share was $0.58 as compared to $0.50.*

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Source: SEC EDGAR

accession 0000950170-23-017878

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