Grand Canyon Education Q4 revenue up 7.6% to $278.3M; EPS $2.71; guides FY24 rev $1.016-1.04B

Grand Canyon Education, Inc.

2023-FY EPS reported $6.80 revenue$960,899,000

Q4 2023 service revenue $278.3M, +7.6% YoY; operating income $97.8M (+7.8% YoY); operating margin 35.1%.
Diluted EPS $2.71, up from $2.30; adjusted diluted EPS $2.77 vs $2.36.
Total partner enrollments 121,250, up 7.3% YoY; GCU online enrollments rose 10% to 92,070.
Full-year 2024 guidance: service revenue $1.016-1.040B, diluted EPS $7.17-$7.69, adjusted EPS $7.39-$7.91.
Cash and investments $244.5M at Dec 31, 2023 vs $181.7M a year ago, up $62.8M.

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 the year ended December 31, 2023 results: revenue $960.9 million, net income $205.0 million, EPS $6.80.

Period: the year ended December 31, 2023
Revenue: $960.9 million
Net income: $205.0 million
EPS: $6.80
Result: reported results

Exact text from the filing

quarter of 2023, compared to $102.2 million for the same period in 2022. For the year ended December 31, 2023: ● S ervice revenue for the year ended December 31, 2023 was $960.9 million, an increase of $49.6 million, or 5.4%, as compared to service revenue of $911.3 million for the year ended December 31, 2022. The increase year over year in service revenue was

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Grand Canyon Education, Inc. reported the quarter ended December 31, 2023 results: revenue $278.3 million, net income $80.7 million, EPS $2.71.

Period: the quarter ended December 31, 2023
Revenue: $278.3 million
Net income: $80.7 million
EPS: $2.71
Result: reported results

Exact text from the filing

Canyon Education, Inc. Reports Fourth Quarter 2023 Results For the three months ended December 31, 2023: ● S ervice revenue for the three months ended December 31, 2023 was $278.3 million, an increase of $19.6 million, or 7.6%, as compared to service revenue of $258.7 million for the three months ended December 31, 2022. The increase year over year in service

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Source: SEC EDGAR

accession 0001558370-24-001055

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