Perdoceo Education Corporation (NASDAQ:PRDO) Q4 2023 Earnings Call Transcript
Perdoceo Education Corporation (NASDAQ:PRDO) Q4 2023 Earnings Call Transcript February 21, 2024
Perdoceo Education Corporation isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Good day everyone and welcome to the Perdoceo Education Corporation Fourth Quarter and Full Year 2023 Earnings Conference Call. Today's call is being recorded. I would now like to turn the call over to Davis Snyder with Investor Relations. Please go ahead sir.
Davis Snyder: Thank you, Lisa. Good afternoon everyone and thank you for joining us for our fourth quarter 2023 earnings call. With me on the call today is Todd Nelson, President and Chief Executive Officer; and Ashish Ghia, Chief Financial Officer. This financial -- this conference call is being webcast live within the Investor Relations section at perdoceoed.com. A webcast replay will also be available on our site, and you can always contact the Alpha IR Group for Investor Relations support. Let me remind you that this afternoon's earnings release and remarks made today include forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions made by and information currently available to Perdoceo Education and involve risks and uncertainties that could cause actual future results, performance, business prospects, and opportunities to differ materially from those expressed in or implied by these statements.
These risks and uncertainties include, but are not limited to, those factors identified in Perdoceo's most recent annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Except as expressly required by the securities laws, the company undertakes no obligation to update those factors or any forward-looking statements to reflect future events, developments or changed circumstances or for any other reason. In addition, today's remarks refer to non-GAAP financial measures, which are intended to supplement but not substitute for the most directly comparable GAAP measures. The earnings release that accompanies today's call contains financial and other quantitative information to be discussed today as well as a reconciliation of the GAAP to non-GAAP measures and is available within the Investor Relations page of the company's website.
With that, I'd like to turn the call over to Chief Executive Officer, Todd Nelson. Todd?
Todd Nelson: Thank you, Davis. Good afternoon everyone and thank you for joining us for our fourth quarter 2023 earnings call. I'd like to begin by thanking our faculty, student support staff, and all other employees for their ongoing commitment in serving and educating our students. We ended 2023 on a strong note as it relates to student retention and engagement and I am proud of the entire Perdoceo team as they executed on our priorities and delivered on our commitment of further enhancing student experiences, retention, and academic outcomes. Before I go into some details for the fourth quarter and full year, here are some of the key observations and highlights. First, as we exit 2023, student retention and engagement are the highest that they have been over the past few years across both our academic institutions and we expect to operate at these improved levels through 2024.
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