secwatch.observer — SEC 8-K summary
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Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-125302
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perdoceo Q3 revenue down 5.6% to $169.8M; EPS $0.57; enrollments up 11%; acquisition on track
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- Revenue $169.8M (-5.6% YoY) on lag from 2023 AIUS/CTU changes.
- GAAP diluted EPS $0.57 vs $0.62; adjusted EPS $0.59 vs $0.64 (prior year had non-recurring tax benefit).
- Total student enrollments +11% to 40,400; CTU +13.6%, AIUS +4.0%.
- Operating income +4% to $44.8M; adjusted operating income +2.8% to $48.6M.
- CEO expects to close University of St. Augustine acquisition in December; cash & investments $722.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000095017024125302/0000950170-24-125302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000095017024125302/prdo-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-125302

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer