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Perdoceo Education Corporation Reports Second Quarter and Year to Date 2026 Results

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  • Perdoceo Education Corporation increased its quarterly dividend by 13.3% to $0.17 per share, payable on September 10, 2026.
  • For the second quarter ended June 30, 2026, earnings per diluted share rose 21.0% to $0.75, while adjusted earnings per diluted share grew 19.4% to $0.80.
  • Second quarter revenue increased 1.8% to $213.4 million, driven primarily by a 10.2% revenue growth at USAHS which was partially offset by a decline at AIUS.
  • Total student enrollments reached 46,830 as of June 30, 2026, representing a 0.7% increase from the prior year, with USAHS showing a 6.0% enrollment rise.
  • Operating income for the quarter increased 6.8% to $54.9 million, while adjusted operating income grew 4.4% to $64.2 million.
  • Year-to-date earnings per diluted share were $1.60, up from $1.27 in the prior period, with adjusted earnings per diluted share at $1.70 compared to $1.37.
  • Year-to-date operating income increased 14.4% to $118.0 million, and revenue grew 3.0% to $435.1 million.
  • Net cash provided by operating activities for the quarter was $74.6 million, with total cash, restricted cash, and short-term investments totaling $734.8 million as of June 30, 2026.
  • The company provided Q3 2026 operating income guidance of $54.5 million to $55.5 million and full-year adjusted earnings per diluted share guidance of $3.10 to $3.16.
  • Capital allocation strategy prioritizes investments in enrollment, student support, technology, acquisitions, and stock repurchases alongside the growing dividend program.