Grand Canyon Education Q1 rev $250.1M (+2.5%), EPS $1.94; FY2023 guide $5.94-$6.49

Grand Canyon Education, Inc.

2023-Q1 EPS reported $1.94 revenue$250,125,000

Service revenue $250.1M, up 2.5% YoY; GAAP diluted EPS $1.94 vs $1.66.
Operating income $74.5M (29.8% margin) vs $77.5M (31.7%) last year.
Adjusted EBITDA $86.6M, down 4.2%; adjusted diluted EPS $2.00 vs $1.72.
GCU traditional campus enrollments up 6.6%; partner enrollments 112,588 (+2.2%).
FY2023 guidance: revenue $940-965M; diluted EPS $5.94-$6.49.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Grand Canyon Education, Inc. reported the quarter ended March 31, 2023 results: revenue $250.1 million, net income $59.6 million, EPS $1.94. Guidance initiated.

Period: the quarter ended March 31, 2023
Revenue: $250.1 million
Net income: $59.6 million
EPS: $1.94
Guidance: initiated
Result: reported results

Exact text from the filing

ended March 31, 2023. (more) 1 Grand Canyon Education, Inc. Reports First Quarter 2023 Results For the three months ended March 31, 2023: ● S ervice revenue was $250.1 million for the first quarter of 2023, an increase of $6.0 million, or 2.5%, as compared to service revenue of $244.1 million for the first quarter of 2022. The increase year over year

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Source: SEC EDGAR

accession 0001558370-23-007652

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