Strong Financial Performance
Third quarter operating income grew by 13.8% to $51 million, and adjusted operating income increased 27.4% to $61 million. Adjusted earnings per diluted share rose to $0.65 compared to $0.59 in the prior year.
Revenue Growth
Revenue for the third quarter was $211.9 million, representing a 24.8% increase from $169.8 million in the prior year, driven by the acquisition of St. Augustine and total enrollment growth at CTU.
Enrollment Growth
Total student enrollments grew 15.1% versus the prior year quarter, driven by 6.7% growth at CTU and the acquisition of St. Augustine.
Shareholder Returns
The company repurchased $20.6 million worth of shares and returned a total of $94.1 million to shareholders through share repurchases and dividends for the first 3 quarters of 2025.