Perdoceo Q2 2021 revenue $175.5M (-0.3% YoY), adj. EPS $0.41; acquires DigitalCrafts for $16.25M

PERDOCEO EDUCATION Corp

2021-Q2 EPS reported $0.80 revenue$359,177,000

Q2 2021 revenue $175.5M (-0.3% YoY); diluted GAAP EPS $0.37 vs $0.40; adjusted EPS $0.41 vs $0.41.
Total student enrollments up 7.5% to 43,100; CTU up 14.2%, AIU down 1.8%.
Operating income $36.0M (-3.8% YoY); adjusted operating income $42.3M (+1.8%).
Cash & short-term investments $480.7M; balance sheet remains strong.
Acquired DigitalCrafts for initial $16.25M cash plus up to $2.5M contingent earnout in early 2024.

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