Grand Canyon Education Q3 revenue $221.9M (+6.3%), EPS $1.19 vs $0.96; board adds $200M to buyback

Grand Canyon Education, Inc.

2023-Q3 EPS reported $4.10 revenue$682,615,000

Q3 service revenue $221.9M (+6.3% YoY); GCU enrollments rose 6.6% to 118,227.
Net income $35.7M (+19.1%); diluted EPS $1.19 (vs $0.96); adjusted EPS $1.26 (vs $1.02).
Q4 guidance: revenue $274.5-275.5M, operating margin 35.4-35.6%, diluted EPS $2.64-2.67.
Full year 2023 guidance: revenue $957.1-958.1M, diluted EPS $6.74-6.77; adjusted $6.98-7.01.
Board increased share repurchase authorization by $200M to $2.045B total; $272.4M remaining as of Oct 31.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Grand Canyon Education, Inc. reported third quarter of 2023 results: EPS Diluted net income per share was $1.19 and $0.96 for the third quarters of 2023 and 2022, respectively..

Period: third quarter of 2023
EPS: Diluted net income per share was $1.19 and $0.96 for the third quarters of 2023 and 2022, respectively.
Result: reported results

Exact text from the filing

Net income increased 19.1% to $35.7 million for the third quarter of 2023, compared to $30.0 million for the same period in 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Grand Canyon Education, Inc. reported third quarter of 2023 results: EPS Diluted net income per share was $1.19 and $0.96 for the third quarters of 2023 and 2022, respectively..

Period: third quarter of 2023
EPS: Diluted net income per share was $1.19 and $0.96 for the third quarters of 2023 and 2022, respectively.
Result: reported results

Exact text from the filing

Diluted net income per share was $1.19 and $0.96 for the third quarters of 2023 and 2022, respectively.

View on SEC.gov

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Grand Canyon Education, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-017408

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