Perdoceo Education Q4 revenue down 6.6% to $159.9M; full year adjusted EPS $1.70

PERDOCEO EDUCATION Corp

2021-FY EPS reported $1.55 revenue$693,034,000

Full year 2021 revenue $693.0M (+0.8% YoY); operating income $149.0M (+4.3%); adjusted EPS $1.70 vs $1.56.
Q4 revenue $159.9M (-6.6% YoY); operating income $34.6M (-4.5%); adjusted operating income $42.0M (+1.7%).
Total student enrollments 40,400 (-5.4%); CTU up 0.4% to 24,700, AIU System down 13.3% to 15,700.
Cash and investments $499.4M at year end; completed Hippo and DigitalCrafts acquisitions in 2021.
Andrew Hurst named President and CEO; Todd Nelson remains Executive Chairman.

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