Perdoceo Education Corporation · NASDAQ:PRDO
Perdoceo Education — Career Education — Q1 2018 Earnings Presentation
8 slides from Perdoceo Education's earnings presentation, May 2, 2018
Slide 1: First Quarter 2018 Investor Conference Call
CAREER EDUCATION CORPORATION FIRST quarter 2018 investor conference call MAY 2, 2018 Ashish Ghia Senior Vice President & Chief Financial Officer Todd Nelson President & Chief Executive Officer Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains “forward-looking statements,” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, cash flows, performance and business prospects and opportunities, as well a
Slide 3: 2018 Second Quarter & Full Year Outlook
2018 Second Quarter & Full Year Outlook Estimated outlook is based on assumptions listed on slide 4 Unused space charges represent the net present value of remaining lease obligations for vacated space less an estimated amount for sublease income See slides 5 - 8 for a GAAP to non-GAAP reconciliatio
Slide 4: Outlook Assumptions
Outlook Assumptions Achievement of the outlook included within these slides is based on the following key assumptions and factors, among others: Prospective student interest in our programs continues to trend in line with recent experiences Initiatives and investments in student-serving processes an
Slide 5: Operating Income (Loss)
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) CAREER EDUCATION CORPORATION AND SUBSIDIARIES UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ITEMS (1) (In thousands) For The Quarter Ended March 31, Adjusted Operating Income (Loss) 2018 2017 University Group and Corporate: O
Slide 6: Operating Income (Loss) cont'd
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) cont’d * Below prior year due to sequential increases in investments related to student-serving initiatives as well as timing of certain operating expenses. CAREER EDUCATION CORPORATION AND SUBSIDIARIES UNAUDITED RECONCILIAT
Slide 7: Operating Income (Loss) cont'd
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) cont’d CAREER EDUCATION CORPORATION AND SUBSIDIARIES UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ITEMS (1) (In thousands) For the Year Ending December 31, ACTUAL OUTLOOK 2017 2018 Total Company Operating income (2) $34,136
Slide 8: Operating Income (Loss) cont'd
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) cont’d (1) The Company believes it is useful to present non-GAAP financial measures which exclude certain significant items as a means to understand the performance of its operations. As a general matter, the Company uses no