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Jun 30, 2021
Strategic Education Q2 2021 Earnings Report
Second quarter results were reported, with revenue increasing but income from operations and earnings per share decreasing compared to the same period in 2020.
Key Takeaways
Strategic Education reported a 16.9% increase in revenue to $299.2 million, but income from operations decreased to $26.7 million, and diluted earnings per share decreased to $0.83. The company is focusing on returning Strayer University to growth and investing in Australia/New Zealand and Alternative Learning segments.
Revenue increased by 16.9% to $299.2 million.
Income from operations was $26.7 million, a decrease from $46.4 million in the same period last year.
Diluted earnings per share decreased to $0.83 from $1.55.
Alternative Learning segment revenue increased by 52.2% to $12.9 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Capital expenditures for 2021 are expected to be $50 million to $55 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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