Strategic Education Q3 revenue down 2.6% to $263.1M; adj. operating income falls 41%

Strategic Education, Inc.

2022-Q3 EPS reported $1.18 revenue$795,542,000

Revenue $263.1M (-2.6% YoY); income from operations $7.8M (3.0% margin) vs $7.3M (2.7%).
Adjusted income from operations $12.2M, down from $20.7M; adjusted margin 4.6% vs 7.7%.
CEO cites strengthening demand in U.S. Higher Education and strong ETS results.
Australia/New Zealand segment still impacted by delayed student immigration recovery.

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

Strategic Education, Inc. reported the period ended September 30, 2022 results: revenue $263.1 million.

Period: the period ended September 30, 2022
Revenue: $263.1 million
Result: reported results

Exact text from the filing

in the long-term growth potential of the Australia/New Zealand segment.” STRATEGIC EDUCATION CONSOLIDATED RESULTS Three Months Ended September 30 Revenue decreased 2.6% to $263.1 million compared to $270.1 million for the same period in 2021. Income from operations was $7.8 million or 3.0% of revenue, compared to $7.3 million or 2.7% of revenue for the same

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Strategic Education, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-22-001497

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