This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Capella Education Company Reports Second Quarter 2013 Results

Capella Education Company (NASDAQ: CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced financial results for the three months ended June 30, 2013.

“We are very pleased with our performance in the second quarter and continue to be encouraged by the progress we are making in a still difficult market environment,”said Kevin Gilligan, chairman and chief executive officer. “The pace of innovation at Capella positions us to drive further differentiation and build a long-term sustainable business model designed to create learner and shareholder value.”

For the three months ended June 30, 2013:

  • Revenues were $103.7 million, compared to $106.2 million in the second quarter of 2012, a decrease of 2.3 percent.
  • Capella University total active enrollment decreased 0.9 percent to 36,003 and new enrollment, calculated at census date, increased by 12.7 percent from second quarter 2012.
  • Operating income was $17.5 million, compared to $18.1 million for the same period in 2012. Operating margin was 16.8 percent, compared to 17.0 percent for the second quarter 2012.
  • Net income attributable to Capella Education Company for the second quarter of 2013 was $10.4 million, compared to $11.4 million for the same period in 2012.
  • Net income per diluted share was $0.83, compared to $0.85 for the same period in 2012.

For the six-month period ended June 30, 2013:

  • Revenues decreased by 3.1 percent to $208.9 million, compared to $215.6 million for the same period in 2012.
  • Operating income for the six-month period ended June 30, 2013 was $32.6 million, or 15.6 percent of revenue, compared to $36.0 million, or 16.7 percent of revenue during the same period in 2012.
  • Net income attributable to Capella Education Company was $19.2 million, or $1.54 per diluted share, compared to $22.7 million, or $1.67 per diluted share, for the same period in 2012.

Balance Sheet and Cash Flow

As of June 30, 2013, the Company had cash, cash equivalents, and marketable securities of $144.8 million, compared to $115.5 million at Dec. 31, 2012, and no debt for the same periods.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs