Perdoceo Education Corporation. (NASDAQ:PRDO) Q3 2020 Earnings Conference Call November 5, 2020 5:30 PM ET Company Participants Wyatt Turk - IR Todd Nelson - President, CEO Ashish Ghia - CFO Conference Call Participants Alex Paris - Barrington Research Greg Pendy - Sidoti Operator Good afternoon and welcome to the Perdoceo Education Corporation 3Q '20 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Mr. Wyatt Turk. Please go ahead. Wyatt Turk Thank you. Good ...

Financial Data and Key Metrics Changes - The company reported net income of $28.2 million or $0.40 per diluted share, with adjusted earnings per diluted share at $0.41, reflecting a 20.6% increase from the prior year [10][21] - Adjusted operating income increased by 27.2% to $41.7 million, primarily due to revenue growth at both universities [10][20] - Total company revenue increased by $19.6 million or 12.5% to $176 million compared to the prior year quarter [23] Business Line Data and Key Metrics Changes - At CTU, revenue was up $3.6 million or 3.8% to $100.2 million, with operating income rising to $33.1 million from $12.1 million in the prior year [23][25] - AIU's revenue increased by 26.7% to $75.8 million, with operating income of $10.5 million compared to an operating loss of $4.2 million in the prior year [25][26] - Total enrollments at CTU grew by 4%, while AIU saw a 52.7% increase in total enrollments, with new student enrollments up 118.8% for the quarter [11][14][28] Market Data and Key Metrics Changes - The corporate partnerships contributed significantly to enrollment growth at CTU, with a dedicated team working to serve these organizations [13] - The company noted that many corporate partners are in sectors like technology and healthcare, which have remained stable during the economic downturn [63] Company Strategy and Development Direction - The company is focused on sustainable and responsible growth, with ongoing investments in technology and student-serving initiatives [34][36] - The integration of Trident University is expected to enhance educational offerings and operational efficiencies, providing a diversification of educational models [17][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to provide a safe learning environment during the pandemic, highlighting the effectiveness of their technology infrastructure [39] - The outlook for 2020 maintains adjusted operating income in the range of $151 million to $155 million, reflecting a commitment to growth despite pandemic-related challenges [36] Other Important Information - The company ended the quarter with $345.8 million in cash and equivalents, an increase of $51.6 million over year-end 2019 [32] - The acquisition of Trident University was completed for a cash purchase price of $43.8 million, which is expected to contribute positively to future results [33] Q&A Session Summary Question: Thoughts on counter-cyclicality of enrollment in higher education - Management noted consistent demand for education, with some areas seeing a pickup in interest due to economic conditions [42] Question: Experience with conversion of demand - Conversion rates have remained consistent, although funding challenges may impact some prospective students [43][44] Question: Addressing concerns from a negative article - Management clarified that past FTC and VA issues were related to external aggregators and emphasized their robust compliance processes [48][50] Question: Current bad debt as a percentage of revenue - Bad debt for the quarter is reported at 7%, which is an improvement from the prior year [54] Question: Organic growth excluding Trident - Management indicated strong growth at AIU, with significant new student enrollment growth even when accounting for the additional enrollment days [58] Question: Corporate partners' interest and remote training opportunities - No known pullbacks from corporate partners, with many in stable industries, and the company sees remote learning as a strength [63][64]

Start Time: 17:30 January 1, 0000 6:13 PM ET Perdoceo Education Corporation (NASDAQ:PRDO) Q1 2020 Earnings Conference Call May 07, 2020, 17:30 PM ET Company Participants Todd Nelson - President and CEO Ashish Ghia - SVP and CFO Brooks Hamilton - Alpha IR Conference Call Participants Peter Lukas - CJS Securities Alex Paris - Barrington Research Greg Pendy - Sidoti & Co. Operator Thank you for standing by. Welcome to the Perdoceo Education Corporation Q1 2020 Earnings Call. All participants will be in listen- ...

Perdoceo Education Corporation (NASDAQ:PRDO) Q4 2019 Earnings Conference Call February 19, 2020 5:30 PM ET Company Participants Brooks Hamilton - Alpha IR Todd Nelson - President & CEO Ashish Ghia - SVP and CFO Conference Call Participants Dan Moore - CJS Securities Alex Paris - Barrington Research. Greg Pendy - Sidoti\ Operator Good day and welcome to the Fourth Quarter 2019 Perdoceo Education Corporation Earnings Conference Call and Webcast. All participants will be in a listen-only mode. Operator Instruc ...

Career Education Corporation (CECO) Q3 2019 Earnings Conference Call November 6, 2019 5:30 PM ET Company Participants Chris Donovan - Alpha IR Group LLC Todd Nelson - President & Chief Executive Officer Ashish Ghia - Senior Vice President & Chief Financial Officer Conference Call Participants Alex Paris - Barrington Research. Greg Pendy - Sidoti Operator Good day and welcome to the Q3 2019 Career Education Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Afte ...

Career Education Earnings Corporation (CECO) Q2 2019 Results Conference Call August 7, 2019 5:30 PM ET Company Participants Chris Donovan - Investor Relations Todd Nelson - President and Chief Executive Officer Ashish Ghia - Senior Vice President and Chief Financial Officer Conference Call Participants Greg Pendy - Sidoti Operator Good day, and welcome to the Q2 2019 Career Education Earnings Conference Call webcast. All participants will be in a listen-only mode. [Operator Instructions] Please note, this e ...

Career Education Corporation (CECO) Q1 2019 Earnings Conference Call May 8, 2019 5:30 PM ET Company Participants Chris Donovan - Alpha IR Group LLC Todd Nelson - President and Chief Executive Officer Ashish Ghia - SVP and Chief Financial Officer Conference Call Participants Chris Howe - Barrington Research Peter Appert - Piper Jaffray Greg Pendy - Sidoti Operator Good day, and welcome to the Q1 2019 Career Education Earnings Conference Call and Webcast. All participants are in a listen-only mode. [Operator ...

EDUCATION CORPORATION" . . . ● . . i 27 a . .. · . . . . . . . . ...... ..... ... t of the latest of the state of the state of the state of the state of the state of the state of the station of the state of the state of the state of the see and the see a April 11, 2019 CAUTIONARY STATEMENTS & DISCLOSURES This presentation contains "forward-looking statements," as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, resu ...

Career Education Corporation (CECO) Q4 2018 Earnings Conference Call February 20, 2019 5:30 PM ET Company Participants Chris Donovan - Assistant Vice President, Alpha IR Group LLC Todd Nelson - President and Chief Executive Officer Ashish Ghia - Senior Vice President and Chief Financial Officer Conference Call Participants Alex Paris - Barrington Research Greg Pendy - Sidoti & Company, LLC Kevin Estok - Piper Jaffray Operator Good day, and welcome to the Fourth Quarter 2018 Career Education Earnings Confere ...

| --- | --- | |-------|--------------| | | | | | Exhibit 99.2 | Cautionary Statements & Disclosures This presentation contains "forward-looking statements," as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, cash flows, performance and business prospects and opportunities, as well as assumptions made by (see, for example, slide 4), and information currently available to, our management. We ha ...