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American Public Education Reports Strong First Quarter 2021 Results
Year-Over-Year Enrollment Growth Continued for a Sixth Consecutive Quarter at APUS; Record Enrollment at Hondros College of Nursing
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CHARLES TOWN, W.V., May 10, 2021 /PRNewswire/ American Public Education, Inc. (Nasdaq: APEI) – parent company of online learning provider American Public University System (APUS) and on-ground pre-licensure Hondros College of Nursing (HCN) – announced financial results for the first quarter ended March 31, 2021 that reflect increased profitability and continued enrollment growth across both institutions.
First Quarter Highlights:
Consolidated revenue increased 18.7% year-over-year to $88.5 million
Net income more than doubled year-over-year to $0.49 per diluted share, and income from operations before interest income and income taxes increased to $10.6 million, compared to $2.7 million in the prior year period