Strategic Education(STRA) - 2020 Q1 - Earnings Call Presentation

Enrollment Performance - Strategic Education, Inc (SEI) consolidated total enrollment reached 96,537, an increase of 8% year-over-year[6] - Strayer University's total enrollment increased by 11% to 55,337[6] - Capella University's total enrollment increased by 4% to 41,200[6] - New enrollment for SEI consolidated grew by 11%[6] - New enrollment at Strayer University increased by 7%[6] - New enrollment at Capella University increased significantly by 17%[6] - Continuing student enrollment for SEI consolidated increased by 7%[6] - Continuing student enrollment at Strayer University increased by 12%[6] - Continuing student enrollment at Capella University increased by 1%[6] Financial Performance - SEI's revenue was $265.3 million, an increase of 7.6% year-over-year[6] - Strayer University's revenue was $145.7 million, up 11.4% year-over-year[6] - Capella University's revenue was $119.6 million, up 3.4% year-over-year[6] - SEI's adjusted operating income was $63.1 million, a significant increase of 30.7% year-over-year[6] - Strayer University's adjusted operating income was $36.6 million, up 53.8% year-over-year[6] - Capella University's adjusted operating income was $26.5 million, up 8.2% year-over-year[6] - SEI's adjusted operating margin was 23.8% of revenue, an increase of 420 basis points[6] - Strayer University's adjusted operating margin was 25.1% of revenue, an increase of 690 basis points[6] - Capella University's adjusted operating margin was 22.2% of revenue, an increase of 100 basis points[6] - SEI's adjusted net income was $46.5 million, an increase of 26.6% year-over-year[6] - SEI's adjusted diluted earnings per share was $2.11, an increase of 27.1% year-over-year[6] Balance Sheet/Cash Flow - The company's cash position as of March 31, 2020, including cash, cash equivalents, and marketable securities, was $506.3 million[6] - Cash provided by operations during the quarter ended March 31, 2020, was $68.7 million[6] - A quarterly cash dividend of $0.60 per share was declared and paid during Q1 2020[6]