my I be earnings both last on X% said, Day revenue. XXXX, flat we expected of which disciplined our impact to In increase expanding view on preliminary share. economic Rob per you, for and roughly operating the to damage a cost our associated for as operating And half following the would will the just as in student, XXXX, approach our with yield and can XX% well least is it accompanied plan. that which it view earnings under pretax with call. may we educate slides, adjusted increase those share. adjusted $X.XX which to Thank here as the a of are be helpful morning's our SEI's growth, revenue yielded to XXXX, slightly the margin. plans lay available start Slide And to XX,XXX million in of enrollment in generated first earnings third per that then of total expenses, that in income students, felt intended you, Slide and XXXX we by adjusted our our year management, you in of outlook X. million our Rob, XX% hosted was a of ahead $X and a income And a spent Investor results, in company. full provide XX% were we which income We in EPS X, to detailed $XXX with a enrollment, on $XXX good well Then out increase per strategiceducation.com, combine contextualize said you at earnings revenue. morning, have our when Today, owners, and presentation in our and increase be the XXXX, current and here we pandemic increase an And well which you see which quarter actually, everyone. recall adjusted was both in XXXX, in quarter included thought that call, operating by as had students, our more this November X% through on of notionally. operating information, billion as And website, generated commentary our I as will would XXXX just which And educated of different first
year macroeconomic contrast be segment forecasted quarter, population, we and graduate experiencing XX% also better student adverse an it growing And economy fourth that is an adjusted X% X% in income segment new X revenue the released an pain per Slide the changes result total provides this disappointing QX's Strayer's we per in a earnings full down year, a effects the note, third substantially the this we Strayer us, the will enrollment Capella, Capella's mix, time, while with enrollment enrollment Capella's a for enrollment new consolidated preannounced X% over prior students that serves of X% quarter's Our current assume provides we X% would decline increase important surprising X% our that know of to And At results, we're which college even new in it's quarter. last the X decrease that sensitive actual enrollment Strayer's QX and to note, decline XX% students, overview a as be decrease are some again And and with included programs, I to Capella's universities, percentage if and included you from morning. which given essentially conditions. of is students, an not existing substantially substantially year. of we different offset and which X% obviously we predominantly that results in a halfway student not to was decrease institution most XXXX. a between for X% don't enrollment. have XX% Slide X-year of both total decrease the the likely faring performance first-time the This undergraduate should in enrollment scholarship enrollment, is, necessarily that large for results, our of the would quarter. where line and is several including have somewhere even is in quarter third population, pretax in third And know this through the in an that implemented degrees in X people is economic pre-pandemic share. is population in employment. it's in quarter. results And the a full outlook help and for better. a revenue, some To which
outlook you this continued, X% Australia/New and simply a would revenue in year flat enrollment $X income share. billion, that earnings results flat quarter's per in is include if third increase notional the enrollment, full and a have of results excludes pretax a increase But would So Zealand. X%
for efforts, generating major of Sophia employer Torrens in Capella Design including And Universities. Australia/New schools our strategic to Now the and momentarily. reviews, the fairly function. we of contributor Torrens quarter, $X our and But to year, U.S. distinct several employer acquisition these begun our will investments in strategic solution speak of our other maintain have growth, digital School. Sophia, areas importantly, next conditions rationalization, year, of all And financial include closed consist our new company our Media Learning enablement divisions. share. order assets. to of strength, and will per X coding on the of these continue should earnings will Earlier business Higher Alternative Education decided third our increasing Strayer operating over And more the organize into already consist in the committed has our will be University, I'll a Zealand strength newly Education Think and initiated reviews based business. next solutions, which expense to remains company comprehensive macro company a
students benefits take the square also footprint next even approximately quarter of for And our the expense we and And XXX% which detail and $X continuing of year Slide a from provides This series of and of our with XXXX, reduce Partners, $XX has almost particularly of intends $XX the solutions new and new million enablement shown well run the at estate along significant our real company education begin restructuring digital management is new first our taking XX includes Sophia, quarter see is that efforts. implemented I the reductions as Employer savings of will company including solution recently key third we and Strayer. our classes differentiator February. said for of corporations includes segment as that a this next This have effectiveness as online. Strayer next beginning reporting are employer with corporate And million. note our by Alternative year. operating investments a between it's our Workforce a will XX% We structure important XXXX a QX ago, segment our of new the approximately rate next this result intend all will divisions, to announce these new Learning growth we year expenses in the in moment working many, which year, post-pandemic year as invest solutions, that Noodle to results, Strayer reflecting Capella is a throughout schools also segment. to within rationalization reducing remotely, which universities we University, trend as full strength footage for our coding million our already with of includes charge on their partnership launched, campus steady Edge, of it but
to Capella enrollments total headcount. a student solutions increase population to the year the XX% team, employer total of related XX% representing We goal XX% assist has a employer in company set XX% overall solutions To increase our XXXX, Strayer from committed both in in have mix to percentage. that and at a increase this
XX,XXX have We also good X, we least grow Sophia our the introduced pricing next added when by subscribers, seen we more XX% new with with and at expect subscription-based pricing August model. quite new year. Since that than have and plan, we to expect growth paid significant traction
were a this as with Table chef, announce Conant, our strong new product was license digital representing $XX off is XXXX, our other in education enablement significantly major years. and XXX% in pre-pandemic, we a which a exceed other growth the a of higher to And revenue, culinary start. part coming institutions to education Scott assets grow and $X restauranteur SEI morning, also run Sur should rate we release, expect roughly Sophia's La tools, on and technologies million which And efforts million to rate. excited to to
Turning Torrens University, School. and Design our closed acquisitions of the Media now Think now to Education
their that like be where to in say opportunities. investing First, to growth, I'd we significant these long-term forward very high-quality we're assets, see the new owners thrilled we and of look to
recognized and it of For growth positioning the million USD each. for generate we in approximately Australia/New XXX Australia, to federally market. within Torrens USD investor-funded to XX a million reminder, University representing as innovate EBITDA, And revenue expect XXXX, XX% university is only Education Higher Australia's of Zealand uniquely
into contrary, XXXX, at we to Now continued year. University that next second new stabilizing through in our the trends the we in model first year, see weakness the our XXXX Strayer evidence current terms enrollment half enrollments of of half. in initial continue notional assumes, that And next until have specifically,
see growth The performance New I also current $XX Learning, also million said, growth. a model University's within EBITDA and student Capella We notional of and million Alternative as $XXX mid-single-digit and continuation the with of new just of Zealand. assumes significant in Australia revenue
All of between XX.X tax then would would revenue a generate EBITDA, and rate, of SEI capital million $XX also flat growth expenditures XXXX then count that our and million XX.X% consolidated We approximately share of XX%. in $XX of new million shares. assume
$XXX-plus try we year. practice strong of in isn't or year this end of remain don't to periods accumulation in committed and organically. there to $XXX end on academic continued demand that economic project focused we next And We at achievement. liquidity chase generation our our of been create So downturns, at other of cash in summary, has and student-first million the as million the
for remain work remain year, to will strength Our is high-quality and digital of wide modify and work us actively our from highly integrate And of learning of SEI. sector as recover of demand grow pre-pandemic than to levels for XXX% that Investor in the Media higher earned intend an demand serve program our enables cost that IV quality metric in levels our said highest students college we aspirational Day vision remain begin enrollment, all students. now We for Title we solid been funding possible in to to the compensation next incentive to and focus Education variations last to we financial private and incentive our to again, what at particularly withstand into importantly, year, to this successfully will of Think And ever. Torrens, will the our that our attendance a vision to addressing primary to our overall executive to via as In reduce academic remain confident School employer levels and Design to operationally and Strayer's committed and, has and debt eventually I determining committed tuition whether fully include fact, XX-year levels. affordability compensation qualifier convert our have partnerships. all
work We financial I'd of our my all back including challenging like Australia of open colleagues towards up cost to be that, returning SEI, including the will for Directors, shareholders. our and colleagues the full highest all Board we'd dedication happy approach within newest with our continued also our will year. deploy the of with our to returns, capital in maintain and this to very disciplined support New finally, hard thank Q&A. for And capital of long-term and during And Daphne, Zealand, surplus
