Strategic Education Inc

STRA

Equity

ISIN US86272C1036 / Valor 42985312

NASDAQ (2024-11-21)

USD 96.66+1.19%

Strategic Education Inc
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About company

Strategic Education Inc (NASDAQ: STRA) is a company focused on providing educational programs and services to working adult students, aiming to enhance their career prospects and overall quality of life. The company offers a range of innovative solutions to support individuals in achieving economic mobility through education.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Strategic Education Inc. reported an 8.5% increase in revenue for the second quarter of 2024, reaching $312.3 million compared to $287.7 million for the same period in 2023. On a constant currency basis, revenue increased by 8.9% to $313.4 million.

Income from Operations

Income from operations for Strategic Education Inc. in the second quarter of 2024 was $41.9 million, or 13.4% of revenue, compared to $16.8 million, or 5.8% of revenue, for the same period in 2023. Adjusted income from operations was $43.9 million, up from $27.2 million in the previous year.

Net Income

Strategic Education Inc. reported a net income of $29.9 million for the second quarter of 2024, compared to $14.2 million for the same period in 2023. Adjusted net income was $32.3 million, up from $19.7 million in the previous year.

Dividends

Strategic Education Inc. declared a regular quarterly cash dividend of $0.60 per share of common stock. This dividend will be paid on September 16, 2024, to shareholders of record as of September 6, 2024.

Cash Flow and Capital Expenditures

For the first six months of 2024, Strategic Education Inc. reported cash provided by operations of $101.9 million, compared to $40.7 million for the same period in 2023. Capital expenditures for the first six months of 2024 were $19.9 million, up from $17.8 million in the previous year.

Summarized from source with an LLMView Source

Key figures

8.83%1Y

67.7%3Y

-29.7%5Y

Performance

33.3%1Y

33.4%3Y

40.6%5Y

Volatility