Strategic Education ( (STRA) ) has released its Q4 earnings. Here is a breakdown of the information Strategic Education presented to its investors.
Strategic Education, Inc. is a company focused on advancing economic mobility through higher education, primarily serving working adult students globally with a diverse portfolio of educational offerings, including U.S. Higher Education, Education Technology Services, and institutions in Australia and New Zealand.
Strategic Education, Inc. has reported its financial results for the fourth quarter of 2024, showcasing a year of growth in revenue and earnings. The company has positioned itself well for continued expansion into 2025, leveraging investments across its diverse educational offerings.
Key financial highlights include a 7.7% increase in revenue to $1,219.9 million for the year, with income from operations rising significantly to $155.6 million. The net income for 2024 was reported at $112.7 million, marking a notable improvement from the previous year. The U.S. Higher Education segment saw a 6.4% increase in student enrollment for the year, though revenue for the fourth quarter decreased slightly. Meanwhile, the Education Technology Services segment experienced a substantial 39.3% revenue growth in the fourth quarter, driven by increased subscriptions and new partnerships.
The Australia/New Zealand segment also reported positive growth, with a 5.4% increase in fourth-quarter revenue due to higher enrollment and revenue per student. Strategic Education’s balance sheet remains strong, with $199.0 million in cash and no debt, and the company declared a regular quarterly cash dividend of $0.60 per share.
Looking ahead, Strategic Education’s management remains optimistic about the company’s growth prospects, supported by its strategic investments and diversified educational offerings. The company aims to continue expanding its reach and enhancing its educational services to meet the evolving needs of students and employers globally.
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