The following is a summary of the Grand Canyon Education, Inc. (LOPE) Q2 2024 Earnings Call Transcript:

Financial Performance:

• GCE reported Q2 revenue of $227.5 million, up 8% year-over-year.

• Operating income was $42.7 million, a rise of $7.3 million year-over-year.

• Net income for Q2 increased to $34.9 million, up 20.4% from last year.

• Earnings per share for the quarter was $1.19, with adjusted diluted EPS at $1.27.

Business Progress:

• GCE observed strong enrollments, with overall enrollments for the quarter rising due to impressive online and hybrid enrollment growth.

• Rolled out 148 new programs across 10 colleges since the start of the pandemic.

• Continued investment in new hybrid locations and research programs aligning with labor market needs.

• Expansion planned with a new trade-focused education platform and continued investments in physical campuses.

Opportunities:

• Expansion in hybrid learning to cater to demand in healthcare, specifically nursing and occupational therapy.

• Launch of trade and vocational education programs in response to market demand and partnership with businesses facing labor shortages.

More details: Grand Canyon Education IR

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