Perdoceo FY2023 revenue $710M (+2.1%), EPS $2.18; Q4 revenue down 16%

PERDOCEO EDUCATION Corp

2023-FY EPS reported $2.18 revenue$710,004,000

Full year 2023 revenue $710.0M (+2.1%); operating income $150.4M (+16.1%); diluted EPS $2.18 vs $1.39.
Q4 2023 revenue $147.9M (-16.0%); operating income $15.9M (-29.7%); adjusted diluted EPS $0.27 vs $0.31.
CTU total student enrollments up 3.2% to 26,000; AIUS down 39.3% to 8,500 as of Dec 31, 2023.
Board declared Q4 dividend $0.11/share, payable March 15, 2024.
Adjusted operating income for FY2023 increased 6.7% to $174.9M; adjusted EPS $2.10 vs $1.63.

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 0.95

PERDOCEO EDUCATION Corp reported the quarter and year ended December 31, 2023 results: revenue $710.0 million, EPS $2.18.

Period: the quarter and year ended December 31, 2023
Revenue: $710.0 million
EPS: $2.18
Result: reported results

Exact text from the filing

cash, cash equivalents, restricted cash and available-for-sale-short-term investments. Fourth Quarter 2023 Results as Compared to Prior Year Quarter • Revenue decreased 16.0% to $147.9 million, primarily driven by the enrollment reduction at AIUS. • Operating income decreased 29.7% to $15.9 million, while adjusted operating income decreased 40.2% to $19.4 million.* •

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PERDOCEO EDUCATION Corp reported the quarter and year ended December 31, 2023 results: revenue $710.0 million, EPS $2.18.

Period: the quarter and year ended December 31, 2023
Revenue: $710.0 million
EPS: $2.18
Result: reported results

Exact text from the filing

today reported operating and financial results for the quarter and year ended December 31, 2023. Full Year 2023 Results as Compared to Prior Year • Revenue increased 2.1% to $710.0 million, supported by an 11.8% increase at CTU. • Operating income increased 16.1% to $150.4 million, while adjusted operating income increased 6.7% to $174.9 million.* • Earnings per

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Source: SEC EDGAR

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