Welcome to our dedicated page for Perdoceo Education Corporation news (Ticker: PRDO), a resource for investors and traders seeking the latest updates and insights on Perdoceo Education Corporation stock.
Perdoceo Education Corporation (NASDAQ: PRDO) is a prominent American for-profit education company dedicated to providing quality postsecondary education to a diverse student population. The company offers a variety of learning modalities, including online, campus-based, and hybrid programs. Perdoceo’s core institutions include American InterContinental University (AIU) and Colorado Technical University (CTU). These institutions deliver a comprehensive range of degree programs, from associate to doctoral levels, focusing on career-oriented disciplines such as business, technology, management, and social services.
Perdoceo is an industry leader in the education sector, recognized globally for its commitment to high-quality education. The majority of its students are enrolled in programs offered fully online, making it accessible to a broader demographic. The company takes pride in its ability to equip students with the skills and knowledge necessary to pursue rewarding career opportunities.
One of Perdoceo’s notable strengths is its financial stability, with significant revenue generated primarily from the Colorado Technical University segment. The company continually invests in advanced educational technologies and innovative learning platforms to enhance the student experience and outcomes. Additionally, Perdoceo maintains strategic partnerships with various industries to ensure that its curriculum remains relevant and aligned with current job market demands.
Perdoceo Education Corporation’s website, www.careered.com, provides comprehensive information about its institutions, including detailed listings of individual campus locations and web links to its colleges. Through its steadfast commitment to education, Perdoceo continues to empower students to achieve their educational and professional goals.
Perdoceo Education Corporation (NASDAQ: PRDO) will announce its second quarter 2022 financial results on August 8, 2022, post-market close. A live conference call and webcast will be held at 5:30 p.m. ET to discuss the results and the company's outlook for 2022. Perdoceo provides quality postsecondary education through Colorado Technical University and the American InterContinental University System, focusing on industry-relevant programs. Interested parties can access the webcast via the company's investor relations website.
Perdoceo Education Corporation (NASDAQ: PRDO) reported Q1 2022 results, highlighting a 0.4% revenue decline to $183.0 million despite a 6.9% increase in CTU revenue. Operating income rose 7.6% to $43.7 million, and adjusted operating income increased 13.5% to $50.9 million. Earnings per diluted share improved to $0.46, up from $0.43. However, total student enrollments fell 14.7%, reflecting a drop in both CTU and AIUS enrollments. The company ended the quarter with $499.3 million in cash and investments.
Perdoceo Education Corporation (NASDAQ: PRDO) will announce its first quarter 2022 financial results on May 5, 2022, after market close. A conference call and webcast discussing these results and the company's 2022 outlook will take place at 5:30 p.m. Eastern time on the same day. The call can be accessed via the company's website or by dialing designated numbers for domestic and international participants. Perdoceo focuses on providing online and campus-based postsecondary education to a diverse student body, aiming to meet workforce demands.
Perdoceo Education Corporation (NASDAQ: PRDO) reported its 2021 operating and financial results, revealing a 0.8% increase in revenue to $693.0 million. Operating income rose 4.3% to $149.0 million, while adjusted operating income increased 10.4% to $175.5 million. However, total student enrollments fell 5.4%, with the AIU System declining by 13.3%. For Q4, revenue decreased 6.6% to $159.9 million. Cash and equivalents reached $499.4 million. The company anticipates improved operating income and adjusted earnings per diluted share for 2022, ranging from $1.13 to $1.27.
Perdoceo Education Corporation (NASDAQ: PRDO) will report its Q4 and fiscal year 2021 financial results on February 24, 2022, after market close. A conference call and webcast discussing the results and the 2022 outlook will be held at 5:30 p.m. ET the same day. Interested parties can access the live event via the company’s website or by dialing in. Archived versions of the webcast will be available for 90 days post-call.
Perdoceo Education Corporation (NASDAQ: PRDO) has announced a leadership transition effective January 20, 2022. Todd Nelson has been appointed Executive Chairman, while Andrew Hurst succeeds him as President and CEO. Hurst, with 38 years in higher education, previously served as Senior VP and President of Colorado Technical University. Elise Baskel takes over Hurst's previous role. The company emphasizes a commitment to improving student outcomes and leveraging technology for online education.
Perdoceo Education Corporation (NASDAQ: PRDO) reported Q3 2021 results with a 2.9% increase in revenue to $174.0 million but earnings per diluted share declined to $0.39 from $0.56. Adjusted operating income rose 28.4% to $46.3 million. Total student enrollments fell 0.9%, with CTU up 7.5% but AIU down 11.6%. The company completed acquisitions of DigitalCrafts and Hippo Education, enhancing its professional development offerings. Cash reserves stood at $481.0 million.
Perdoceo Education Corporation (NASDAQ: PRDO) will release its third quarter 2021 financial results on November 4, 2021, after market close. The company will hold a conference call at 5:30 p.m. Eastern time to discuss the results and provide its 2021 outlook. Interested parties can join the live webcast through the Investor Relations section of its website. Perdoceo focuses on delivering quality online postsecondary education and innovative learning technologies.
Perdoceo Education Corporation (NASDAQ: PRDO) announced its Q2 2021 financial results, reporting a slight revenue decline of 0.3% to $175.5 million despite a strong performance from CTU, which saw a 14.2% increase in student enrollments. Operating income fell by 3.8% to $36 million, while adjusted operating income rose 1.8% to $42.3 million. Year-to-date revenues increased by 3.5% to $359.2 million. The company acquired DigitalCrafts for $16.25 million to expand its program offerings. Net income for Q2 was $26.6 million, down from $28.2 million in the prior year.
Perdoceo Education Corporation (NASDAQ: PRDO) will announce its second quarter 2021 financial results on August 5, 2021, after market close. A live conference call and webcast will follow at 5:30 p.m. Eastern time to discuss the results and the company's outlook for 2021. Interested parties can access the call via the Investor Relations section on their website, with an archived version available for 90 days.
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