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Dec 31, 2024
Perdoceo Q4 2024 Earnings Report
Perdoceo Education Corporation reported its fourth quarter and full year 2024 results, with significant increases in operating income and revenue for the quarter.
Key Takeaways
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.
Total student enrollments increased by 20.0% compared to December 31, 2023, reaching 41,400 students.
Fourth quarter operating income surged by 133.2% to $37.2 million, and adjusted operating income increased by 122.9% to $43.2 million.
Revenue for the fourth quarter rose by 19.3% to $176.4 million, supported by organic growth and the USAHS acquisition.
Diluted earnings per share for the quarter increased to $0.47 from $0.26 in the prior year quarter.
Perdoceo
Perdoceo
Perdoceo Revenue by Segment
Revenue by Segment
CTU Revenue
CapyFin.comAIUS Revenue
CapyFin.comUSAHS Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Perdoceo Education Corporation provided an optimistic outlook for the first quarter and full year 2025, anticipating continued growth in operating income and earnings per diluted share, driven by consistent student interest and retention, and strategic investments.
Positive Outlook
- Anticipated operating income for Q1 2025 between $50.0 million and $52.0 million, and for FY 2025 between $172.0 million and $192.0 million.
- Projected adjusted operating income for Q1 2025 between $61.0 million and $63.0 million, and for FY 2025 between $215.0 million and $235.0 million.
- Expected earnings per diluted share for Q1 2025 between $0.59 and $0.62, and for FY 2025 between $2.11 and $2.31.
- Adjusted earnings per diluted share for Q1 2025 are projected between $0.64 and $0.67, and for FY 2025 between $2.31 and $2.51.
- Assumes consistent prospective student interest, student retention, and engagement, along with positive impacts from student loan initiatives.
Challenges Ahead
- Outlook is subject to no significant impact from new or proposed regulations or updated interpretations of current regulation.
- Assumes no adverse changes in the legal or regulatory environment that may require operational changes.
- Excludes any significant operating impacts from the settlement with the U.S. Federal Trade Commission or other legal/regulatory matters.
- Does not include any future impact from the Company's stock repurchase program.
- Actual results could differ materially from these estimates due to various assumptions, risks, and uncertainties.