Perdoceo Earnings Reports

Perdoceo Education Corporation delivered a strong performance in Q1 2025, with total revenue increasing by 26.6% to $213.0 million and net income rising by 10.8% to $43.688 million. This growth was primarily fueled by the acquisition of University of St. Augustine for Health Sciences (USAHS) and continued student retention and engagement at Colorado Technical University (CTU).

Perdoceo Education Corporation concluded 2024 with strong fourth-quarter performance, driven by organic growth at CTU and AIUS, and the acquisition of USAHS. The company saw a substantial increase in operating income and revenue for the quarter, alongside growth in total student enrollments.

Perdoceo Education Corporation reported a 5.6% decrease in revenue for the third quarter of 2024, amounting to $169.8 million. However, operating income increased by 4.0% to $44.8 million. Total student enrollments increased by 11.0%, with CTU increasing by 13.6% and AIUS by 4.0%.

Perdoceo Education Corporation reported a decrease in revenue by 10.6% to $166.7 million and a decrease in operating income by 4.3% to $46.0 million for the second quarter of 2024. However, the results exceeded expectations due to high levels of student retention and engagement at both academic institutions.

Perdoceo Education Corporation reported a mixed performance for the first quarter of 2024. Operating income increased by 6.8%, and earnings per diluted share rose to $0.59. However, revenue decreased by 14.0% to $168.3 million. Total student enrollments increased by 9.0%.

Perdoceo Education Corporation reported a decrease in revenue for the fourth quarter of 2023, primarily due to enrollment declines at AIUS. However, net income saw an increase compared to the prior year quarter. The company's focus remains on student retention and engagement.

Perdoceo Education Corporation reported a 6.8% increase in revenue to $179.9 million and a 46.9% increase in operating income to $43.1 million for the third quarter of 2023, driven by a 23.6% increase at CTU. Earnings per diluted share increased to $0.62 from $0.32 in the prior year quarter. Total student enrollments decreased by 12.7%, with AIUS experiencing a 34.2% decrease, while CTU remained relatively flat. The company ended the quarter with $603.7 million in cash, cash equivalents, restricted cash and available-for-sale-short-term investments.

Perdoceo Education Corporation reported strong second-quarter results with an 11.3% increase in revenue to $186.6 million and a 41.7% increase in operating income to $48.1 million. Earnings per diluted share rose to $0.80, and the company declared an inaugural quarterly dividend of $0.11 per share.

Perdoceo Education Corporation reported a 6.9% increase in revenue to $195.6 million and an increase in earnings per diluted share to $0.50 for the quarter ended March 31, 2023. The company's operating performance was in line with expectations, with improvements in student retention and engagement.

Perdoceo Education Corporation reported a 10.2% increase in revenue to $176.1 million for the fourth quarter of 2022, driven by growth at both CTU and AIUS. However, operating income decreased by 34.4% to $22.7 million, and earnings per diluted share decreased to $0.23, compared to the prior year quarter.

Perdoceo Education Corporation reported a decrease in revenue for Q3 2022, with a 3.2% drop to $168.4 million. Operating income also decreased by 22.5% to $29.3 million. Earnings per diluted share decreased to $0.32 compared to $0.39 in the prior year quarter. Total student enrollments decreased by 2.1%. The company ended the quarter with $525.2 million in cash, cash equivalents, restricted cash, and available-for-sale short-term investments.

Perdoceo Education Corporation reported a decrease in revenue and operating income for the second quarter of 2022 compared to the prior year quarter. Revenue decreased by 4.5% to $167.7 million, and operating income decreased by 5.6% to $33.9 million. However, adjusted earnings per diluted share increased from $0.41 to $0.42.

Perdoceo Education Corporation reported a slight decrease in revenue by 0.4% to $183.0 million. However, the company experienced an increase in operating income by 7.6% to $43.7 million and an increase in earnings per diluted share to $0.46 compared to $0.43 in the prior year quarter.

Perdoceo Education Corporation reported a decrease in revenue for Q4 2021, primarily driven by a decrease in total student enrollments. Operating income also decreased, while adjusted operating income saw a slight increase. The company's total student enrollments decreased, with CTU experiencing a slight increase offset by a decrease within the AIU System. The company ended the year with a strong cash position.

Perdoceo Education Corporation reported a 2.9% increase in revenue to $174.0 million and an 18.0% increase in operating income to $37.9 million for the third quarter of 2021. The company completed the acquisitions of DigitalCrafts and Hippo Education during the quarter, expanding its professional development and continuing education offerings.

Perdoceo Education Corporation reported a slight decrease in revenue by 0.3 percent to $175.5 million. Operating income decreased by 3.8 percent to $36.0 million, while total student enrollments increased by 7.5 percent.

Perdoceo Education Corporation reported a 7.4% increase in revenue to $183.6 million and an 8.9% increase in operating income to $40.6 million for the quarter ended March 31, 2021. Earnings per diluted share increased to $0.43, and adjusted earnings per diluted share increased to $0.44. Total student enrollments increased by 9.7%.

Perdoceo Education Corporation reported an 8.0% increase in revenue to $171.2 million and a 13.0% increase in operating income to $36.2 million for the fourth quarter of 2020. Enrollment growth at both CTU and AIU, along with the Trident acquisition, supported the revenue increase. Earnings per diluted share remained flat at $0.38, while adjusted earnings per diluted share increased to $0.39.

Perdoceo Education Corporation reported a 9.1% increase in revenue and an increase in operating income for the third quarter of 2020, driven by enrollment growth at both CTU and AIU. The company ended the quarter with $367.7 million in cash, cash equivalents, restricted cash and available-for-sale short-term investments.

Perdoceo Education Corporation reported a strong second quarter with revenue increasing by 12.5% to $176.0 million. Operating income rose to $37.4 million, and earnings per diluted share reached $0.40. Enrollment growth contributed significantly to these positive results.

Perdoceo Education Corporation reported an 8.3% increase in revenue to $171.0 million and a 24.5% increase in operating income to $37.3 million for the quarter ended March 31, 2020. The growth was supported by total student enrollment growth across both universities. The company ended the quarter with $285.6 million in cash, cash equivalents, restricted cash and available-for-sale short-term investments.

Perdoceo Education Corporation reported an 8.9% increase in revenue to $158.5 million and a 58.6% increase in operating income to $32.0 million for the fourth quarter of 2019. Earnings per diluted share were $0.38, compared to $0.20 in the prior year quarter. Adjusted earnings per diluted share were $0.33, compared to $0.30 in the prior year quarter. Total student enrollments increased by 6.4% year over year.