Grand Canyon Education Q4 net income down 16.5% to $71M; rev up 2.9%

Grand Canyon Education, Inc.

2022-FY EPS reported $5.73 revenue$911,306,000

Q4 service revenue $258.7M (+2.9% YoY); operating margin 35.1% vs 40.7%.
Net income $71.0M (-16.5%); diluted EPS $2.30 GAAP, $2.36 adjusted.
Full year 2022 revenue $911.3M (+1.6%); net income $184.7M (-29.1%).
2023 full-year revenue guidance $939M-$965M; diluted EPS $5.90-$6.47.
Share repurchases of $604.2M in 2022; cash and investments fell to $181.7M.

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

Grand Canyon Education, Inc. reported fourth quarter of 2022 results: revenue Service revenue was $258.7 million for the fourth quarter of 2022, net income Net income decreased 16.5% to $71.0 million for the fourth quarter of 2022, EPS Diluted net income per share was $2.30 and $2.15 for the fourth quarters of 2022 and 2021, respectively.

Period: fourth quarter of 2022
Revenue: Service revenue was $258.7 million for the fourth quarter of 2022
Net income: Net income decreased 16.5% to $71.0 million for the fourth quarter of 2022
EPS: Diluted net income per share was $2.30 and $2.15 for the fourth quarters of 2022 and 2021, respectively
Result: reported results

Exact text from the filing

Item 2.02. Results of Operations and Financial Condition . On February 16, 2023, the Company reported its results for the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0001558370-23-001446

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