LOPE - Grand Canyon Education Inc. (LOPE) Q1 2024 Earnings Call Transcript
2024-05-07 22:40:27 ET
Grand Canyon Education, Inc. (LOPE)
Q1 2024 Earnings Conference Call
May 07, 2024 04:30 PM ET
Company Participants
Dan Bachus - Chief Financial Officer
Brian Mueller - Chairman & Chief Executive Officer
Conference Call Participants
Jeff Silber - BMO Capital Markets
Steven Pawlak - Baird
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Q1 2024 Grand Canyon Education Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Dan Bachus, Chief Executive Officer. Please go ahead.
Dan Bachus
We got a promotion. Joining me on today's call is our Chairman and CEO, Brian Mueller. Please note that, many of our comments today will contain forward-looking statements that involve risks and uncertainties. Various factors could cause our actual results to be materially different from any future results expressed or implied by such statements. These factors are discussed in our SEC filings, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. We undertake no obligation to provide updates with regard to the forward-looking statements made during this call, and we recommend that all investors review these reports thoroughly before taking a financial position in GCE.
And with that, I will turn the call over to Brian Mueller, our Chief Executive Officer.
Brian Mueller
Good afternoon, and thank you for joining Grand Canyon Education's first quarter 2024 conference call. GCE had another strong quarter, exceeding enrollment expectations by producing online new starts that were in the high single digits over the prior year, and also continuing to produce strong retention rates, exceeding revenue guidance estimates at midpoint by $2.4 million, producing a $0.13 beat in adjusted diluted earnings per share to consensus while continuing to invest heavily in initiatives for our university partners....
Grand Canyon Education, Inc. (LOPE) Q1 2024 Earnings Call Transcript