Strategic Education, Inc. (STRA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to Strategic Education First Quarter 2025 Results Conference Call. I will now turn the conference over to Therese Wilkie, Senior Director of Investor Relations for Strategic Education. Ms. Wilkie, please go ahead. Thank you. Hello, everyone, and welcome to Strategic Education's Conference Call, in which we will discuss first quarter 2025 results. With us today are Robert Silberman, Chairman, Carl McDonald, President and Chief Executive Officer, and Daniel Jackson, Executive Vice President and Chief Financial Officer. Following today's remarks, we will open the call for questions. Please note that this call may include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements are based on current expectations and are subject to a number of assumptions, uncertainties, and risks that strategic education has identified in today's press release that could cause actual results to differ materially. Further information about these and other relevant uncertainties may be found in strategic education's most recent annual report on Form 10-K, the 10-Q to be filed, and other filings with the Securities and Exchange Commission, as well as strategic education's future 8-Ks, 10-Qs, and 10-Ks. Copies of these filings and the full press release are available for viewing on the website at strategiceducation.com. And now, I'd like to turn the call over to Carl. Carl, please go ahead. Thank you, Therese, and good morning, everyone. We are pleased with our first quarter 2025 results reported this morning, which demonstrate the strength of our ETS division and our employer strategy in U.S. higher education. SEI's revenue grew by 5% in the first quarter, and our adjusted operating incom...