Stride reports Q2 fiscal 2023 revenue up 12% to $458.4M; EPS $1.19 vs $1.00

Stride, Inc.

2022-Q2 EPS reported $0.66 revenue$883,585,000

Revenue increased 11.9% YoY to $458.4M, driven by enrollment strength and Adult Learning growth.
Net income rose 20.7% to $50.7M; diluted EPS of $1.19 vs $1.00 in prior year.
Adjusted EBITDA grew 21.5% to $100.5M from $82.7M; adjusted operating income up 25.6%.
General Education enrollments reached over 180K at quarter end, a record for the period.
Income from operations increased 19.6% to $68.1M from $56.9M.

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 1.0

Stride, Inc. reported the second fiscal quarter ended December 31, 2022 results: revenue $458.4 million, net income $50.7 million, EPS $1.19.

Period: the second fiscal quarter ended December 31, 2022
Revenue: $458.4 million
Net income: $50.7 million
EPS: $1.19
Result: reported results

Exact text from the filing

Stride, Inc. (NYSE: LRN), one of the nation’s leading technology-based education companies, today announced its results for the second fiscal quarter ended December 31, 2022. Second Quarter Fiscal 2023 Highlights Compared to 2022 Revenue of $458.4 million, compared with $409.5 million, driven by enrollment strength, increases in revenue per enrollment, and Adult Learning growth. Income from operations of $68.1 million, compared with $56.9 million. Net income of $50.7 million, compared with $42.0 million. Diluted net income per share of $1.19, compared with $1.00.

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Source: SEC EDGAR

accession 0001157523-23-000079

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