Perdoceo Education Corporation reports developments tied to its postsecondary education programs delivered through academic institutions including Colorado Technical University, American InterContinental University System and the University of St. Augustine for Health Sciences. Recurring updates cover quarterly and annual operating results, student enrollment and retention trends, program demand, and segment revenue across CTU, AIUS and USAHS.
Company news also includes capital-allocation actions such as dividends and common stock repurchase authorizations, along with investments in academics, student support processes and education technology. Perdoceo completed the acquisition of USAHS in 2024, adding a health sciences institution to its reporting mix.
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 Interested parties can access the live webcast and dial-in for audio participation, with an archived version available for 90 days.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.
Perdoceo Education Corporation (NASDAQ: PRDO) reported a 9.1% increase in third-quarter 2020 revenue to $169.1 million, driven by both CTU and AIU. Operating income rose to $32.1 million, compared to $24.3 million in Q3 2019. Year-to-date revenue increased 10.0% to $516.2 million, with net income of $97.2 million and earnings per diluted share of $1.36. Student enrollments grew 17.2% year-over-year, with AIU seeing a notable 37.7% increase. The company is optimistic about continuing growth, leveraging data analytics and technology investments.
Perdoceo Education Corporation (NASDAQ: PRDO) announced it will release its third quarter 2020 financial results on November 5, 2020, after market close. A conference call and webcast to discuss the results and outlook will follow at 5:30 p.m. Eastern time. Interested participants can access the details through the company's Investor Relations webpage.
Perdoceo provides innovative online and blended educational programs through its universities, Colorado Technical University and American InterContinental University, tailored to meet the needs of adult learners.