Perdoceo Education Corporation · NASDAQ:PRDO
Perdoceo Education — Career Education — Q2 2018 Earnings Presentation
7 slides from Perdoceo Education's earnings presentation, Aug 1, 2018
Slide 1: Second Quarter 2018 Investor Conference Call
CAREER EDUCATION CORPORATION SECOND quarter 2018 investor conference call AUGUST 1, 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 Outlook - Total Company
2018 Outlook - Total Company 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 - 7 for a GAAP to non-GAAP reconciliation of adjust
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 operations c
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 June 30, For the Year to Date Ended June 30, Adjusted Operating Income (Loss) 2018 201
Slide 6: 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 Third Quarter Ending Sept 30, For the Year Ending December 31, ACTUAL OUTLOOK ACTUAL OUTLOOK
Slide 7: 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