How publicly traded higher education companies are performing
Efficiency at a look:
- Income rose to $208.7 million for the quarter ending Sept. 30, ticking up 0.9% from the identical interval final 12 months.
- Prices and bills elevated to $173.2 million, about 7.3%.
- Revenue dropped to $30 million, down 37%.
What it’s essential know:
Grand Canyon Training, or GCE, gives providers like advertising and marketing and recruitment to its largest consumer, Grand Canyon College. In return, it receives a portion of the college’s tuition tuition income.
The corporate’s income inched up as Grand Canyon College’s enrollment of scholars attending class at its Phoenix campus rose 8% year-over-year. Income per pupil additionally elevated. These beneficial properties had been partly offset by a 4.7% decline in Grand Canyon College’s on-line enrollment.
The college’s on-ground enrollment was 25,350 on the finish of September. Its general enrollment, counting on-ground and on-line college students, totaled 110,928, down 2.2%.