Strategic Education Q3 revenue rises 8.7% to $285.9 million; net income $18.5 million
Strategic Education reported third-quarter 2023 results, with revenue up 8.7% to $285.9 million and diluted earnings per share of $0.77, compared with $0.25 a year earlier. Income from operations rose to $25.6 million from $7.8 million, though GAAP results include $3.3 million in restructuring costs. The company also declared a $0.60 per share quarterly dividend and will hold an Investor and Analyst Day on November 7, 2023.
Key points
- Revenue rose 8.7% to $285.9 million from $263.1 million a year earlier.
- Diluted EPS was $0.77 versus $0.25; adjusted diluted EPS, a non-GAAP measure, was $0.97 versus $0.33.
- Net income was $18.5 million versus $6.1 million; restructuring costs were $3.3 million versus $0.6 million.
- Quarterly dividend of $0.60 per share is payable December 4, 2023 to holders of record on November 27, 2023.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.