Perdoceo Education reported third-quarter 2026 diluted EPS of $0.70, up from $0.60, on revenue of $215.9 million, up 1.9%. The company also issued fourth-quarter and full-year 2026 outlook, with full-year diluted EPS expected at $2.93 to $2.97 compared with $2.42 in 2025.
Q3 operating income rose 8.1% to $55.1 million; CTU operating income fell 6.1% to $44.9 million, which the company attributes to higher legal fees.
Year-to-date diluted EPS was $2.31 versus $1.87, and year-to-date revenue rose 2.6% to $651.0 million.
Q4 2026 diluted EPS outlook is $0.63 to $0.67, compared with $0.54 in Q4 2025.
Board declared a quarterly dividend of $0.17 per share, payable December 11, 2026; the company repurchased $19.9 million of stock in the quarter.
Perdoceo Education agreed on September 14, 2026 to acquire 100% of South University Savannah, LLC from South University – Member, Inc., with a $150 million initial cash payment at closing before adjustments. The company said it expects to complete the deal as early as April 2027 and that it would be immediately accretive to adjusted operating income beginning in 2027, and it reaffirmed its fiscal 2026 adjusted operating income outlook of $258 million to $263 million.
Cash consideration: about $150 million at closing (subject to adjustments), $18 million deferred over 24 months, and up to $56 million in earn-outs tied to EBITDA for fiscal 2027 through 2029
South reported unaudited 2025 revenues of approximately $291 million and adjusted operating income of approximately $34 million
Closing is expected as early as April 2027, subject to regulatory and accreditor approvals; either party may terminate if closing has not occurred by July 9, 2027, with a termination fee of up to $20 million
Perdoceo reaffirmed its full-year 2026 adjusted operating income outlook of $258 million to $263 million
Perdoceo reported second-quarter 2026 revenue of $213.4 million, up 1.8%, and diluted EPS of $0.75, up from $0.62 a year earlier. It also raised its quarterly dividend 13.3% to $0.17 per share and gave a full-year 2026 diluted EPS outlook of $2.91 to $2.97, compared with $2.42 in 2025.
Q2 2026 operating income rose 6.8% to $54.9 million; adjusted operating income rose 4.4% to $64.2 million.
Year-to-date 2026 revenue rose 3.0% to $435.1 million and diluted EPS was $1.60, versus $1.27 a year earlier.
Third-quarter 2026 diluted EPS outlook is $0.68 to $0.69, versus $0.60 in the prior-year quarter.
The dividend of $0.17 per share is payable September 10, 2026 to holders of record as of September 1, 2026.
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