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 prominent American for-profit education company dedicated to providing quality postsecondary education to a diverse student population. The company offers a variety of learning modalities, including online, campus-based, and hybrid programs. Perdoceo’s core institutions include American InterContinental University (AIU) and Colorado Technical University (CTU). These institutions deliver a comprehensive range of degree programs, from associate to doctoral levels, focusing on career-oriented disciplines such as business, technology, management, and social services.
Perdoceo is an industry leader in the education sector, recognized globally for its commitment to high-quality education. The majority of its students are enrolled in programs offered fully online, making it accessible to a broader demographic. The company takes pride in its ability to equip students with the skills and knowledge necessary to pursue rewarding career opportunities.
One of Perdoceo’s notable strengths is its financial stability, with significant revenue generated primarily from the Colorado Technical University segment. The company continually invests in advanced educational technologies and innovative learning platforms to enhance the student experience and outcomes. Additionally, Perdoceo maintains strategic partnerships with various industries to ensure that its curriculum remains relevant and aligned with current job market demands.
Perdoceo Education Corporation’s website, www.careered.com, provides comprehensive information about its institutions, including detailed listings of individual campus locations and web links to its colleges. Through its steadfast commitment to education, Perdoceo continues to empower students to achieve their educational and professional goals.
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.
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.
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