Perdoceo Education Corporation · NASDAQ:PRDO
Perdoceo Education — Career Education — Q3 2017 Earnings Presentation
8 slides from Perdoceo Education's earnings presentation, Nov 2, 2017
Slide 1: Third Quarter 2017 Investor Conference Call
CAREER EDUCATION CORPORATION THIRD quarter 2017 investor conference call November 2, 2017 Ashish Ghia Vice President & Interim Chief Financial Officer Todd Nelson President & Chief Executive Officer Exhibit 99.2
Slide 2: Forward-looking statements and non-GAAP disclosure
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: Outlook Update
Outlook Update Estimated outlook is based on assumptions listed on slide 5 See slides 6-8 for a GAAP to non-GAAP reconciliation of adjusted operating income (loss) Unused space charges represent the net present value of remaining lease obligations for vacated space less an estimated amount for suble
Slide 4: 2017 Outlook – University Group & Corporate
2017 Outlook – University Group & Corporate Estimated 2017 amounts are based on assumptions listed on slide 5 See slides 6-8 for a GAAP to non-GAAP reconciliation of adjusted operating income (loss) Unused space charges represent the net present value of remaining lease obligations for vacated space
Slide 5: Updated Outlook Assumptions
Updated Outlook Assumptions Achievement of the outlook included within these slides is based on the following updated key assumptions and factors, among others: Prospective student interest in our programs continues to trend in line with recent experiences Modest total enrollment growth within the U
Slide 6: Operating Income (Loss)
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) CAREER EDUCATION CORPORATION AND SUBSIDIARIES **should match the exhibits table UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ITEMS (1) (In thousands) For the Quarter Ended September 30, For the Year to Date Ended September 3
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, unless otherwise noted) For the Second Half July-December 31, For the Year Ended December 31, ACTUAL
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 and non-cash items as a means to understand the performance of its operations. As a general matter, the Co