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Dec 31, 2019
Strategic Education Q4 2019 Earnings Report
Strategic Education's Q4 2019 results reflected strong performance at Strayer and Capella Universities.
Key Takeaways
Strategic Education, Inc. reported a revenue increase of 9.0% to $263.8 million and net income of $28.5 million for the fourth quarter of 2019, marking a record year since the merger with Capella Education Company.
Revenue increased by 9.0% to $263.8 million compared to Q4 2018.
Income from operations was $37.2 million, representing 14.1% of revenue.
Diluted earnings per share reached $1.29, up from $1.02 in the same period of 2018.
Strayer University's student enrollment increased by 10%, while Capella University's student enrollment increased by 2%.
Forward Guidance
Strategic Education is planning to open four to six additional campuses for Strayer University and four to six additional Campus Centers for Capella University in 2020, pending regulatory approval. Capital expenditures for 2020 are expected to be between $40 million and $45 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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