Perdoceo Education Corporation ( (PRDO) ) has released its Q1 earnings. Here is a breakdown of the information Perdoceo Education Corporation presented to its investors.
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Perdoceo Education Corporation is a provider of postsecondary education through its accredited institutions, offering online, campus-based, and hybrid learning programs. The company operates in the education sector, focusing on career-focused academic programs.
In the first quarter of 2025, Perdoceo Education Corporation reported significant financial growth, driven by the acquisition of the University of St. Augustine for Health Sciences and increased enrollment at its institutions. The company saw a notable rise in revenue and operating income compared to the previous year.
Key financial highlights include a 26.6% increase in revenue to $213.0 million and an 11.8% increase in operating income to $51.7 million. The company’s adjusted earnings per diluted share rose to $0.70 from $0.60, reflecting strong financial performance. Total student enrollments grew by 16.7%, with substantial contributions from the newly acquired University of St. Augustine.
Perdoceo’s management expressed optimism about future growth, citing high levels of student retention and engagement. The company plans to continue investing in student resources and technology to enhance educational experiences and maintain its competitive edge in the education sector.