Grand Canyon Education Q2 revenue up 8.5% to $201.5M; EPS $1.09; board adds $970M buyback

Grand Canyon Education, Inc.

2021-Q2 EPS reported $2.78 revenue$438,421,000

Service revenue $201.5M, up 8.5% YoY from $185.8M; diluted EPS $1.09 vs $1.00.
Operating income $50.2M (+3.9%); net income $49.5M (+5.2%); adjusted EBITDA $61.1M (+4.1%).
Partner enrollments 101,808, up 3.5% YoY; off-campus classroom sites up 13.2% to 4,210.
Board increased share repurchase authorization by $970.0M in July 2021; total authorization now $1.47B.
Q3 2021 guidance: service revenue expected between $227M and $231M.

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