Perdoceo Q1 earnings: EPS $0.59 vs $0.50, revenue down 14% to $168.3M, enrollments up 9%

PERDOCEO EDUCATION Corp

2024-Q1 EPS reported $0.59 revenue$168,264,000

Operating income up 6.8% to $46.3M; adjusted operating income down 6.8% to $49.5M.
CTU revenue $113.6M (-8.8% YoY), AIUS revenue $54.5M (-23.1% YoY).
Total student enrollments 41,300 (+9.0% YoY); CTU enrollments up 28.5%, AIUS down 22.9%.
Cash and short-term investments $642.4M; no explicit guidance change provided.
CEO Todd Nelson: results better than expected, positive retention and engagement trends.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PERDOCEO EDUCATION Corp reported the quarter ended March 31, 2024 results: revenue $168.3 million, EPS $0.59 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $168.3 million
EPS: $0.59 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2024 Results as Compared to Prior Year Quarter • Operating income increased 6.8% to $46.3 million, while adjusted operating income decreased 6.8% to $49.5 million.* • Earnings per diluted share was $0.59 as compared to $0.50, while adjusted earnings per diluted share was $0.60 as compared to $0.58.* • Revenue decreased 14.0% to $168.3 million while total student enrollments at March 31, 2024 increased by 9.0%.

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Source: SEC EDGAR

accession 0000950170-24-051290

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