LOPE - Grand Canyon Education Inc. (LOPE) Q4 2023 Earnings Call Transcript
2024-02-13 21:04:03 ET
Start Time: 16:30
End Time: 17:17
Grand Canyon Education, Inc. (LOPE)
Q4 2023 Earnings Conference Call
February 13, 2024, 16:30 PM ET
Company Participants
Brian Mueller - CEO, President and Director
Daniel Bachus - CFO
Conference Call Participants
Ryan Griffin - BMO Capital Markets
Alex Paris - Barrington Research
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Grand Canyon Education's Fourth Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. After the speakers' 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 speaker today, Dan Bachus, CFO. Please go ahead.
Daniel Bachus
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'll turn the call over to Brian.
Brian Mueller
Good afternoon, and thank you for joining Grand Canyon Education's fourth quarter fiscal year 2023 conference call. GCE had another strong quarter, exceeding enrollment expectations by producing online new starts that were in the mid-teens over prior year and also continuing to produce greater-than-expected retention numbers, exceeding revenue guidance estimates at midpoint by $3.3 million, producing a $0.05 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) Q4 2023 Earnings Call Transcript