1. GCE's 2024 revenue grew to $1.033 billion, reflecting strong operational cash flow. 2. The company has $324.6 million in cash, indicating robust financial health. 3. A $200 million stock repurchase plan enhances shareholder value amid solid EPS guidance. 4. For 2025, non-GAAP diluted income per share projected between $8.43 and $8.82. 5. Potential regulatory risks could impact future revenue from key university partnerships.
GCE's revenue growth and share repurchase signal strong fundamentals, similar to past trends that led to price increases. Previous successful earnings reports have positively impacted LOPE's stock performance.
The article details GCE's strong financial position and future outlook, which are directly relevant for LOPE investors who may be considering its fundamentals.
Immediate positive cash flow and repurchase announcements are likely to drive short-term stock price appreciation, as seen in previous quarters after similar reports.
PHOENIX, Feb. 19, 2025 /PRNewswire/ -- Grand Canyon Education, Inc. (NASDAQ: LOPE), ("GCE" or the "Company"), is a publicly traded education services company that currently provides services to 22 university partners.
GCE provides a full array of support services in the post-secondary education sector and has developed significant technological solutions, infrastructure and operational processes to provide superior services in these areas on a large scale. GCE today announced financial results for the quarter ended December 31, 2024.
Our liquidity position, as measured by cash and cash equivalents and investments increased by $80.1 million between December 31, 2023 and December 31, 2024, which was largely attributable to cash flows from operations for the year ended December 31, 2024 exceeding share repurchases, changes in our investment balances and capital expenditures during the year ended December 31, 2024. Our unrestricted cash and cash equivalents and investments were $324.6 million and $244.5 million at December 31, 2024 and 2023, respectively.
GCE announced today that on January 29, 2025, the Company's Board of Directors approved a $200.0 million increase under its existing stock repurchase program, reflecting an aggregate authorization for share repurchases by the Company since the initiation of the program of $2,245.0 million. As of February 14, 2025, there remained $261.9 million available under the current share repurchase authorization, which includes the increased authorization of $200.0 million. The plan permits the Company to make purchases in the open market at prevailing market prices or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements.
The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $1.6 million, which equates to a $0.06 impact on diluted EPS. Thus, as adjusted, non-GAAP diluted income per share of between $2.50 and $2.52.
The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $1.6 million, which equates to a $0.06 impact on diluted EPS. Thus, as adjusted, non-GAAP diluted income per share of between $1.28 and $1.36.
The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $1.6 million, which equates to a $0.06 impact on diluted EPS. Thus, as adjusted, non-GAAP diluted income per share of between $1.61 and $1.74.
The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $1.6 million, which equates to a $0.06 impact on diluted EPS. Thus, as adjusted, non-GAAP diluted income per share of between $3.05 and $3.22.
The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $6.4 million, which equates to a $0.23 impact on diluted EPS. Thus, as adjusted, non-GAAP diluted income per share of between $8.43 and $8.82.
This news release contains "forward-looking statements" within the meaning of Federal securities laws which include information relating to future events, future financial performance, strategies expectations, competitive environment, regulation, and availability of resources. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions identify forward-looking statements.
Grand Canyon Education, Inc. will discuss its fourth quarter 2024 results and full year 2025 outlook during a conference call scheduled for today, February 19, 2025 at 4:30 p.m. Eastern time (ET).
Participants may register for the call here to receive the dial-in numbers and unique PIN to access the call seamlessly.
Grand Canyon Education, Inc. ("GCE"), incorporated in 2008, is a publicly traded education services company that currently provides services to 22 university partners. GCE is uniquely positioned in the education services industry in that its leadership has over 30 years of proven expertise in providing a full array of support services in the post-secondary education sector.