earnings
confidence high
sentiment positive
materiality 0.75
Stride posts Q3 FY2022 revenue $421.7M (+7.5% YoY), EPS $1.02 up 79%
Stride, Inc.
2022-Q3 EPS reported
$1.87
revenue$1,231,455,000
- Revenue $421.7M, up 7.5% YoY driven by strong enrollment, Adult Learning growth, and higher revenue per enrollment.
- GAAP net income $42.9M ($1.02 diluted EPS) vs $23.8M ($0.57) a year ago, up 80.4%.
- Adjusted operating income $69.4M vs $54.9M; Adjusted EBITDA $90.3M vs $75.0M, up 20.4%.
- Income from operations $60.6M, up 57.2% YoY due to improved gross margins and lower SG&A.