Strategic Education, Inc. - STRA STOCK NEWS

Strategic Education reported its financial results for Q4 and full-year 2022, highlighting a revenue decline of 0.8% in Q4 to $269.9 million and a 5.9% decrease for the year to $1,065.5 million. Net income fell to $18.3 million in Q4 and $46.7 million for the year, with diluted earnings per share decreasing to $0.77 and $1.94, respectively. The U.S. Higher Education segment saw student enrollment drop by 0.8% in Q4 and 6.5% annually. In contrast, the Education Technology Services segment experienced a revenue surge of 20.4% to $16.7 million in Q4, driven by increased subscriptions. A regular cash dividend of $0.60 per share was declared, payable on March 13, 2023.

Capella University has achieved a significant milestone by earning accreditation for its Master of Science in Human Services from the Council for Standards in Human Services Education (CSHSE). This program is now recognized as the first online human services master's program to receive such accreditation. The university emphasizes flexible online education for working adults and aims to prepare leaders in human services.

Capella's MS in Human Services offers specializations in leadership and organizational management or social and community services, establishing the university's commitment to quality education and community service.

Capella University released a report highlighting nearly a decade of progress with its unique FlexPath competency-based education model. Since 2013, over 20,000 graduates completed their programs, with FlexPath learners finishing bachelor's degrees 50% faster and master's degrees 36% faster than traditional methods. Additionally, they borrowed 58% less in federal financial aid for bachelor's and 39% less for master's degrees. The report underscores the importance of flexible education tailored for adult learners in a changing workforce.

Strategic Education, Inc. (NASDAQ: STRA) will announce its fourth quarter results post-market on February 22, 2023. A conference call to discuss these results will take place at 5:00 p.m. ET from Sydney, Australia. Investors can access the live webcast via the company's website. Additionally, the company will hold its 2023 Annual Meeting of Stockholders on April 26, 2023, and an Investor and Analyst Day on May 9, 2023 in New York, NY.

Capella University has appointed Dr. Linda Singh and Walt Chesley to its Board of Trustees. Dr. Singh, a distinguished graduate of Capella, brings over 30 years of leadership experience in health, defense, and government. She is the CEO of Kaleidoscope Affect, LLC, and has held various leadership roles in public and private sectors. Chesley, a former Chief Human Resources Officer at Hennepin Healthcare, offers deep insights into human resources and education. Both appointments aim to enhance the university's governance and focus on the interests of learners and the public good.

Strayer University has achieved the National Center for Academic Excellence in Cyber Defense (CAE-CD) designation for its Master of Science in Information Security and Assurance (MSISA) program. This recognition is effective through 2027 and signifies Strayer's commitment to cybersecurity education. The CAE-CD designation highlights the institution's quality standards in cybersecurity and aims to enhance the workforce in this critical field. This achievement underlines the university's efforts to provide industry-relevant programs that promote student success and economic mobility.

Strategic Education (NASDAQ: STRA) reported financial results for Q3 2022, revealing a 2.6% decline in revenue to $263.1 million compared to Q3 2021. Net income increased to $6.1 million from $3.9 million year-over-year. However, adjusted net income fell to $8.0 million, down from $14.1 million. The U.S. Higher Education segment experienced a 3.1% drop in student enrollment, while the Education Technology Services segment saw a 26.9% revenue increase. The company declared a $0.60 dividend per share payable on December 5, 2022.

Strategic Education, Inc. (NASDAQ: STRA) has partnered with Six Flags Entertainment Corporation to offer over 35,000 employees access to education programs, including tuition discounts at Capella and Strayer Universities and no-cost courses via Sophia Learning. This partnership began on October 3, 2022, emphasizing Six Flags' commitment to employee benefits and education. It positions Six Flags as a market leader in employee support within the entertainment industry. Workforce Edge will facilitate this initiative, helping Six Flags enhance workforce skills and maintain competitive advantage.