Quarterly ResultMay 7, 2026, 04:08 PM
Perdoceo Education Q1 Diluted EPS $0.85, up 30.8%; Revenue $221.7M
AI Summary
Perdoceo Education Corporation reported strong first quarter 2026 financial results, with diluted earnings per share increasing by 30.8% to $0.85 and revenue growing 4.1% to $221.7 million. The company's operating income rose 22.0% to $63.1 million, driven by increased student enrollments and strong retention. Perdoceo also declared a quarterly dividend of $0.15 per share and provided an optimistic outlook for the second quarter and full year 2026.
Key Highlights
- Diluted EPS increased 30.8% to $0.85 in Q1 2026 from $0.65 in Q1 2025.
- Adjusted diluted EPS grew 28.6% to $0.90 in Q1 2026 from $0.70 in Q1 2025.
- Revenue increased 4.1% to $221.7 million in Q1 2026 from $213.0 million in Q1 2025.
- Operating income rose 22.0% to $63.1 million in Q1 2026.
- Total student enrollments increased 1.1% to 48,740 as of March 31, 2026.
- Net cash provided by operating activities was $69.4 million, up 6.5% YoY.
- Board declared a quarterly dividend of $0.15 per share, payable June 12, 2026.
- Full year 2026 diluted EPS outlook is $2.86 - $2.97, up from $2.42 in 2025.