American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q3 2014 Earnings Presentation
8 slides from American Public Education's earnings presentation, Nov 6, 2014
Slide 1: Third Quarter 2014 Financial Results Conference Call
Third Quarter 2014 Financial Results Conference Call November 6, 2014 1 Moving Forward
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements made in this presentation regarding American Public Education, Inc. or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education and the industr
Slide 3: Third Quarter 2014 Highlights: Continued Execution of Strategic Plan
THIRD QUARTER 2014 HIGHLIGHTS CONTINUED EXECUTION OF STRATEGIC PLAN In the third quarter of 2014, APUS continued to be challenged by year-over-year declines in net course registrations by students using Tuition Assistance and Federal Student Aid. However, net course registrations by new students usi
Slide 4: Academic Quality & Innovation Advances Strategic Goals
ACADEMIC QUALITY & INNOVATION ADVANCES STRATEGIC GOALS APEI Strategic Goals: Expand Academic Excellence Build Strategic Relationships Increase Programmatic Diversification Develop Innovative Processes Advance Learning Technologies Enter New Markets & Segments Recent Developments: APUS faculty/staff
Slide 5: Financial Results Summary Third Quarter 2014
FINANCIAL RESULTS SUMMARY THIRD QUARTER 2014 Revenues increased 4% to $84.7 million, compared to the prior year period. Income from operations before interest income and income taxes was $14.6 million, compared to $17.5 million in the prior year period. Overall operating margins declined in the thir
Slide 6: Fourth Quarter 2014 Financial and Operational Outlook
FOURTH QUARTER 2014 FINANCIAL AND OPERATIONAL OUTLOOK The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. Approximate Change (y/y) APUS Net course registrations by new students +0% to +2% APUS Net course registrat
Slide 7: Third Quarter 2014 Financial Results Conference Call
Third Quarter 2014 Financial Results Conference Call November 6, 2014
Slide 8: Appendix I. Expense Ratios
APPENDIX I. EXPENSE RATIOS The table below includes a summary of expenses as a percent of revenue for our operating segments: 8 Moving Forward 20142013 2014201320142013 Revenues 100%100%100%NA100%100%Costs and expenses: Instructional costs and services 33.3%34.4%65.3%NA36.2%34.4% Selling and promoti
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