GCE Q2 revenue $210.6M (+5.4%), EPS $0.96; guides FY23 revenue $948.7M-$955.7M

Grand Canyon Education, Inc.

2023-Q2 EPS reported $2.91 revenue$460,702,000

Q2 service revenue $210.6M (+5.4% YoY); operating income $35.4M (16.8% margin); net income $29.0M (+13.3%).
Diluted EPS $0.96 (adjusted $1.01) vs $0.80 (adj. $0.85) in Q2 2022.
GCU enrollments up 4.1% to 95,972; total partner enrollments 99,526 (+3.6% YoY).
FY 2023 guidance: revenue $948.7M-$955.7M; diluted EPS $6.37-$6.55; adjusted EPS $6.59-$6.77.
Cash and investments $233.4M at June 30, up $51.7M from Dec 31, 2022.

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 0.98

Grand Canyon Education, Inc. reported second quarter ended June 30, 2023 results: revenue service revenue was $210.6 million, net income Net income increased 13.3% to $29.0 million for the second quarter of 2023, EPS Diluted net income per share was $0.96.

Period: second quarter ended June 30, 2023
Revenue: service revenue was $210.6 million
Net income: Net income increased 13.3% to $29.0 million for the second quarter of 2023
EPS: Diluted net income per share was $0.96
Result: reported results

Exact text from the filing

1 Grand Canyon Education, Inc. Reports Second Quarter 2023 Results For the three months ended June 30, 2023: ● S ervice revenue for the three months ended June 30, 2023 was $210.6 million, an increase of $10.8 million, or 5.4%, as compared to service revenue of $199.8 million for the three months ended June 30, 2022. The increase year over year in service revenue

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Source: SEC EDGAR

accession 0001558370-23-013202

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