Perdoceo Q1 revenue flat at $183M, EPS up to $0.46; enrollments down 14.7%

PERDOCEO EDUCATION Corp

2022-Q1 EPS reported $0.46 revenue$182,959,000

Revenue $183.0M ( -0.4% YoY); CTU +6.9% to $113.1M, AIUS -10.3% to $69.5M.
Operating income $43.7M (+7.6% YoY); adjusted operating income $50.9M (+13.5%).
GAAP EPS $0.46 diluted vs $0.43; adjusted EPS $0.50 vs $0.44.
Total enrollments 37,600 ( -14.7%); CTU -13.9%, AIUS -16.1% due to calendar redesign.
Cash & investments $499.3M; no specific 2022 guidance update provided.

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