Strategic Education, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 06:36 am EST
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Strategic Education, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 302.7 million compared to USD 269.94 million a year ago. Net income was USD 39.13 million compared to USD 18.33 million a year ago. Basic earnings per share from continuing operations was USD 1.67 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 0.77 a year ago.
For the full year, sales was USD 1,132.92 million compared to USD 1,065.48 million a year ago. Net income was USD 69.79 million compared to USD 46.67 million a year ago. Basic earnings per share from continuing operations was USD 2.98 compared to USD 1.97 a year ago. Diluted earnings per share from continuing operations was USD 2.91 compared to USD 1.94 a year ago.
Strategic Education, Inc. is an education services company. It provides access to education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills. It operates through its subsidiaries Capella University and Strayer University, both accredited post-secondary institutions of higher education located in the United States, and Torrens University, an accredited post-secondary institution of higher education located in Australia. Its segments include U.S. Higher Education (USHE), Australia/New Zealand, and Education Technology Services. The USHE segment provides certificate and degree programs to working adults, primarily through Capella University and Strayer University. The Education Technology Services segment develops and maintains relationships with employers to build employee education benefits programs. The Australia/New Zealand segment includes Torrens University, Think Education, and Media Design School.