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) 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.
Perdoceo Education Corporation (NASDAQ: PRDO) reported its financial results for the first quarter of 2021, showing a 7.4% increase in revenue to $183.6 million, driven by growth in both CTU and AIU. Operating income rose by 8.9% to $40.6 million, with adjusted operating income increasing 11.7% to $44.6 million. Earnings per diluted share improved to $0.43, while total student enrollments grew 9.7%. The company ended the quarter with $451 million in cash and equivalents, reflecting a strong financial position.
Perdoceo Education Corporation (NASDAQ: PRDO) will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call and webcast to discuss the results and 2021 outlook will take place at 5:30 p.m. ET the same day. Perdoceo, consisting of Colorado Technical University and American InterContinental University System, focuses on providing quality online education and career-focused degree programs. Interested parties can access the live webcast and dial-in for audio participation, with an archived version available for 90 days.
Perdoceo Education Corporation (NASDAQ: PRDO) has appointed former Congressman Alan D. Wheat to its Board of Directors, expanding the board from eight to nine seats. Wheat brings extensive experience in legislative and regulatory processes, having previously served as chair of Polsinelli’s national Public Policy Practice. His background includes significant leadership roles in Congress and public policy organizations. The board's leadership expressed confidence that Wheat's expertise will enhance strategic insights and decision-making at Perdoceo, which offers diverse online and campus-based postsecondary education programs.
Perdoceo Education Corporation (NASDAQ: PRDO) reported robust financial results for Q4 and the full year ending December 31, 2020. Q4 revenue rose by 8.0% to $171.2 million, with operating income increasing by 13.0% to $36.2 million. Full-year revenue grew 9.5% to $687.3 million, while net income surged to $124.3 million from $70 million the previous year. Notably, total student enrollments increased by 16.7%, bolstered by a 39.2% surge at AIU, largely due to the acquisition of Trident University. The company ended the year with a strong cash position of $410.4 million.
Perdoceo Education Corporation (NASDAQ: PRDO) announced it will report its fourth quarter and full year 2020 financial results on February 24, 2021, after market close. A live conference call will take place at 5:30 p.m. Eastern time to discuss these results and provide a 2021 outlook. The conference call can be accessed via the company's Investor Relations website, and an archived version will be available for 90 days post-call. Perdoceo's academic institutions, including Colorado Technical University and American InterContinental University System, focus on delivering quality postsecondary education online.