2 months ago
18
RESTON, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN), one of the nation's most successful technology-based education companies, today announced its results for the second fiscal quarter ended December 31, 2024.
Second Quarter Fiscal 2025 Highlights Compared to 2024
- Revenue of $587.2 million, compared with $504.9 million.
- Income from operations of $125.1 million, compared with $84.3 million.
- Net income of $96.4 million, compared with $66.8 million.
- Diluted net income per share of $2.03, compared with $1.54.
- Adjusted operating income of $135.6 million, compared with $94.9 million. (1)
- Adjusted EBITDA of $160.4 million, compared with $118.3 million. (1)
Second Quarter Fiscal 2025 Summary Financial Metrics
| Three Months Ended December 31, | Change 2024/2023 | ||||||||||
| 2024 | 2023 | $ | % | ||||||||
| (In thousands, except percentages and per share data) | |||||||||||
| Revenues | $ | 587,211 | $ | 504,868 | $ | 82,343 | 16.3 | % | |||
| Income from operations | 125,100 | 84,289 | 40,811 | 48.4 | % | ||||||
| Adjusted operating income (1) | 135,570 | 94,873 | 40,697 | 42.9 | % | ||||||
| Net income | 96,393 | 66,836 | 29,557 | 44.2 | % | ||||||
| Net income per share, diluted | 2.03 | 1.54 | 0.49 | 31.8 | % | ||||||
| EBITDA (1) | 152,495 | 110,752 | 41,743 | 37.7 | % | ||||||
| Adjusted EBITDA (1) | 160,420 | 118,348 | 42,072 | 35.5 | % | ||||||
Get the latest news
delivered to your inbox
Sign up for The Manila Times newsletters
By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.
| (1) | To supplement our financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we also present non-GAAP financial measures including adjusted operating income (loss), EBITDA and adjusted EBITDA. Management believes that these additional metrics provide useful information to investors relating to our financial performance. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is provided below. |
Six Month Fiscal 2025 Highlights Compared to 2024
- Revenue of $1,138.3 million, compared with $985.0 million.
- Income from operations of $172.4 million, compared with $87.6 million.
- Net income of $137.3 million, compared with $71.7 million.
- Diluted net income per share of $2.93, compared with $1.66.
- Adjusted operating income of $193.9 million, compared with $109.6 million. (1)
- Adjusted EBITDA of $244.3 million, compared with $158.1 million. (1)
Six Month Fiscal 2025 Summary Financial Metrics
| Six Months Ended December 31, | Change 2024/2023 | ||||||||||
| 2024 | 2023 | $ | % | ||||||||
| (In thousands, except percentages and per share data) | |||||||||||
| Revenues | $ | 1,138,295 | 985,049 | 153,246 | 15.6 | % | |||||
| Income from operations | 172,444 | 87,609 | 84,835 | 96.8 | % | ||||||
| Adjusted operating income (1) | 193,930 | 109,634 | 84,296 | 76.9 | % | ||||||
| Net income | 137,275 | 71,714 | 65,561 | 91.4 | % | ||||||
| Net income per share, diluted | 2.93 | 1.66 | 1.27 | 76.5 | % | ||||||
| EBITDA (1) | 227,973 | 142,089 | 85,884 | 60.4 | % | ||||||
| Adjusted EBITDA (1) | 244,347 | 158,111 | 86,236 | 54.5 | % | ||||||
| (1) | To supplement our financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we also present non-GAAP financial measures including adjusted operating income (loss), EBITDA and adjusted EBITDA. Management believes that these additional metrics provide useful information to investors relating to our financial performance. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is provided below. |
Revenue Data
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
| December 31, | Change 2024 / 2023 | December 31, | Change 2024 / 2023 | |||||||||||||||||||||||
| 2024 | 2023 | $ | % | 2024 | 2023 | $ | % | |||||||||||||||||||
| (In thousands, except percentages) | ||||||||||||||||||||||||||
| General Education | $ | 354,315 | $ | 313,902 | $ | 40,413 | 12.9 | % | $ | 683,722 | 613,241 | $ | 70,481 | 11.5 | % | |||||||||||
| Career Learning | ||||||||||||||||||||||||||
| Middle - High School | 213,079 | 165,080 | 47,999 | 29.1 | % | 411,965 | 316,053 | 95,912 | 30.3 | % | ||||||||||||||||
| Adult | 19,817 | 25,886 | (6,069 | ) | (23.4 | %) | 42,608 | 55,755 | (13,147 | ) | (23.6 | %) | ||||||||||||||
| Total Career Learning | 232,896 | 190,966 | 41,930 | 22.0 | % | 454,573 | 371,808 | 82,765 | 22.3 | % | ||||||||||||||||
| Total Revenues | $ | 587,211 | $ | 504,868 | $ | 82,343 | 16.3 | % | $ | 1,138,295 | 985,049 | $ | 153,246 | 15.6
This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More. | ||||||||||||
