Strategic Education, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 26, 2021 at 06:31 am EST
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Strategic Education, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 267.494 million compared to USD 263.772 million a year ago. Operating income was USD 3.608 million compared to USD 37.213 million a year ago. Net income was USD 5.917 million compared to USD 28.537 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 1.31 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 1.29 a year ago. For the full year, sales was USD 1,027.653 million compared to USD 997.137 million a year ago. Operating income was USD 109.384 million compared to USD 110.532 million a year ago. Net income was USD 86.268 million compared to USD 81.138 million a year ago. Basic earnings per share from continuing operations was USD 3.81 compared to USD 3.73 a year ago. Diluted earnings per share from continuing operations was USD 3.77 compared to USD 3.67 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.
STRATEGIC EDUCATION, INC. 
