Perdoceo Education (US:PRDO)2025-05-01 21:00Financial Data and Key Metrics Changes - Net income for Q1 2025 was $43.7 million or $0.65 per diluted share, compared to $39.4 million or $0.59 per diluted share in the prior year, reflecting a year-over-year increase [12] - Adjusted earnings per diluted share increased to $0.70 from $0.60, representing a 16.7% growth [12] - First quarter revenue reached $213 million, a 26.6% increase from $168.3 million in the prior year, with $39.2 million attributed to the St. Augustine acquisition [13] Business Line Data and Key Metrics Changes - Revenue at CTU was $119.6 million, up 5.3% year-over-year, while operating income increased to $46.1 million from $42.2 million [18] - AIU System's revenue was relatively flat at $54.1 million, but operating income rose 28% to $11.9 million due to lower operating expenses [18] - St. Augustine generated $39.2 million in revenue, contributing positively to overall adjusted operating results [19] Market Data and Key Metrics Changes - Total enrollments at CTU increased by 10.6% year-over-year, while AIU System saw a decrease of 4.5% in total enrollments [14] - St. Augustine had approximately 4,200 students enrolled during the spring term, with expectations for growth in summer and fall terms [10][17] Company Strategy and Development Direction - The company is focused on enhancing student experiences and academic outcomes to support sustainable growth [5] - Strategic investments in technology and personnel are being made to grow corporate student programs at CTU and AIU [7] - The company plans to continue adjusting marketing strategies to effectively engage prospective students [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the remainder of 2025, citing high levels of student retention and engagement [6] - The company expects organic revenue and total enrollments to increase for each remaining quarter in 2025 [16] - Future growth is anticipated from the St. Augustine acquisition and ongoing interest from prospective students [25] Other Important Information - The company returned approximately $34.4 million to shareholders through dividends and stock repurchases, buying back 985,000 shares during the quarter [9] - The effective tax rate for the quarter was 22.7%, with expectations for the full year to be between 25.5% and 26.5% [20] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.