secwatch.observer — SEC 8-K summary
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Issuer:     Grand Canyon Education, Inc. (LOPE)
CIK:        0001434588
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001558370-24-011086
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grand Canyon Education Q2 EPS $1.19 vs $0.96; revenue $227.5M, up 8%
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- Service revenue $227.5M, up 8.0% YoY; net income $34.9M, up 20.4%; diluted EPS $1.19 vs $0.96.
- Total enrollments at 106,307 (+6.8%); GCU online enrollments up 7.5% to 95,279; off-campus site enrollments up 12.1%.
- Operating income $42.7M (18.8% margin) vs $35.4M (16.8%); adjusted EBITDA $58.5M, up 22.6%.
- Full-year 2024 guidance: revenue $1,026.6M-$1,034.1M; diluted EPS $7.63-$7.81; adjusted EPS $7.88-$8.07.
- Executive resignation resulted in $1.1M severance in Q2; 43 off-campus classroom/lab sites as of June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434588/000155837024011086/0001558370-24-011086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434588/000155837024011086/lope-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer