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 provider of postsecondary education programs through accredited institutions that offer fully online, campus-based and hybrid learning options. Its academic institutions – Colorado Technical University (CTU), the American InterContinental University System (AIUS) and the University of St. Augustine for Health Sciences (USAHS) – deliver associate through doctoral degree programs, as well as non-degree and professional development offerings.
This news page brings together coverage of Perdoceo’s announcements as a public company in the educational services sector. Readers can follow updates on quarterly and annual operating results, student enrollment trends across CTU, AIUS and USAHS, and management’s commentary on prospective student interest, student retention and engagement. The company regularly reports on revenue, operating income, adjusted operating income and earnings per diluted share in its press releases and related Form 8-K filings.
In addition to financial results, Perdoceo’s news flow includes information about its capital allocation activities, such as stock repurchase programs and cash dividend declarations, as well as the impact of acquisitions like the University of St. Augustine for Health Sciences on its academic portfolio. Updates may also cover board of directors changes and governance matters, including appointments of new directors with education and policy experience.
Because Perdoceo emphasizes technology-enabled education, news items can highlight developments in personalized learning technologies at CTU and AIUS, including use of the intellipath® learning platform and data analytics to support students. Investors and observers can use this page to monitor how the company’s institutions are performing and how management describes the operating environment, regulatory assumptions and outlook for its postsecondary education programs.
Perdoceo Education Corporation (NASDAQ: PRDO) reported its full year 2022 financial results, revealing a 0.3% increase in revenue to $695.2 million. Operating income fell by 13.0% to $129.6 million, and earnings per diluted share decreased to $1.39 from $1.55. The fourth quarter saw a 10.2% revenue increase compared to the prior year, totaling $176.1 million. However, total student enrollments declined 3.0%, with a 10.8% drop at AIUS. The company ended the year with $518.2 million in cash and intends to focus on technology investments for operational efficiency in 2023.
Perdoceo Education Corporation (NASDAQ: PRDO) announced it will release its fourth quarter 2022 financial results on February 23, 2023, after market close. A conference call and webcast will follow at 5:30 p.m. Eastern time the same day to discuss the results and provide the company's outlook for 2023. Interested parties can access the live event and archived version through their Investor Relations website. Perdoceo offers accredited postsecondary education primarily online via Colorado Technical University and the American InterContinental University System, focusing on industry-relevant and career-oriented programs.
Perdoceo Education Corporation (PRDO) announced its operating and financial results for Q3 2022, reporting a 3.2% decline in revenue to $168.4 million and a 22.5% drop in operating income to $29.3 million. Year-to-date revenue also fell 2.6% to $519.1 million. Total student enrollments decreased by 2.1%, with CTU increasing by 2.7% while AIUS saw a significant 9.5% decline. The company ended Q3 with $525.2 million in cash and raised its full-year operating income outlook, anticipating improved student retention.
Perdoceo Education Corporation (NASDAQ: PRDO) will announce its third quarter 2022 financial results after market close on November 7, 2022. A conference call and webcast discussing these results, along with the company's 2022 outlook, will take place at 5:30 p.m. Eastern time on the same day. Interested parties can access the live webcast through the Investor Relations section of their website or by dialing in at the provided phone numbers. The archived version of the webcast will be available for 90 days after the call.
Perdoceo Education Corporation (NASDAQ: PRDO) reported Q2 2022 results with a 4.5% revenue decline to $167.7 million compared to the previous year. Operating income decreased by 5.6% to $33.9 million. The company’s total student enrollments fell by 7.0%, driven by a notable 14.5% drop at AIUS. Despite the challenges, adjusted earnings per diluted share improved to $0.42 from $0.41. Year-to-date revenue decreased 2.4%, yet net income rose slightly to $57.8 million. The company ended the quarter with $516.8 million in cash and equivalents.
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.