Every material Form 8-K Strategic Education filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
On September 1, 2023, Strategic Education's board elected Viet D. Dinh as a director, on the recommendation of its Nominating and Corporate Governance Committee. The board determined he is independent under Nasdaq listing rules, and he will receive standard non-employee director compensation. The filing reports no financial results or guidance changes, so the event is a board addition rather than an operating change.
Viet D. Dinh elected to the board on September 1, 2023, as an independent director under Nasdaq rules
Dinh is Chief Legal and Policy Officer at Fox Corporation and previously served as outside general counsel to the Company from 2009 to 2018
Compensation follows the standard non-employee director arrangements described in the proxy statement filed March 13, 2023
Strategic Education reported second quarter 2023 results, with revenue up 5.2% to $287.7 million, but GAAP diluted earnings per share fell to $0.59 from $0.63 and operating income dropped to $16.8 million from $21.9 million. Adjusted diluted EPS, a non-GAAP measure, also declined to $0.82 from $0.85, and the company declared a $0.60 quarterly dividend.
Revenue rose 5.2% to $287.7 million, against $273.6 million in the second quarter of 2022.
GAAP diluted EPS was $0.59, down from $0.63; net income was $14.2 million, down from $15.2 million.
Income from operations was $16.8 million, or 5.8% of revenue, compared with $21.9 million, or 8.0%, a year earlier.
A regular quarterly cash dividend of $0.60 per share is payable September 11, 2023, to holders of record as of September 1, 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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Strategic Education filing is on SEC EDGAR ↗. 8-K briefs of other companies →