GCU refinancing $500M note; Q3 net income down 8.4%, EPS $1.08

Grand Canyon Education, Inc.

2021-Q3 EPS reported $3.86 revenue$645,188,000

GCU to repay $500M of Secured Note; Modification replaces first-priority lien with trust obligation at 6%, due 2025.
Q3 service revenue $206.8M (+4.2% YoY); operating income fell to $45.3M from $51.0M (margin 21.9% vs 25.7%).
Net income $47.7M ($1.08 diluted EPS) vs $52.0M ($1.11); adjusted EPS $1.11 vs $1.14.
Partner enrollments 118,832 (+0.9% YoY); off-campus classroom enrollments up 12.1% to 5,652.
Company to repay and terminate GCE credit agreement; plans to use balance for share repurchases.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.