GCE Q1 revenue $274.7M (+9.8%), diluted EPS $2.29 (+18%); FY24 EPS guidance $7.35-$7.82

Grand Canyon Education, Inc.

2024-Q1 EPS reported $2.29 revenue$274,675,000

Service revenue $274.7M, up 9.8% YoY; partner enrollments 120,788 (+7.3%).
Net income $68.0M (+14.2%); adjusted net income $69.6M; diluted EPS $2.29, adjusted $2.35.
Adjusted EBITDA $98.6M (+13.8%); operating margin 30.8% vs 29.8%.
Q2 2024 guidance: revenue $222-224M, diluted EPS $1.02-$1.06; full year revenue $1,020-1,042M.
Cash and investments $290.7M, up $46.2M from Dec 31, 2023.

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, 2024 results: revenue $274.7 million, net income $68.0 million, EPS $2.29.

Period: the quarter ended March 31, 2024
Revenue: $274.7 million
Net income: $68.0 million
EPS: $2.29
Result: reported results

Exact text from the filing

1 Grand Canyon Education, Inc. Reports First Quarter 2024 Results For the three months ended March 31, 2024: ● S ervice revenue for the three months ended March 31, 2024 was $274.7 million, an increase of $24.6 million, or 9.8%, as compared to service revenue of $250.1 million for the three months ended March 31, 2023. The increase year over year in service revenue

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Source: SEC EDGAR

accession 0001558370-24-007038

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