Last $1.60 USD
Change Today -0.01 / -0.62%
Volume 7.7K
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As of 10:34 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

education management corp (EDMC) Snapshot

Open
$1.64
Previous Close
$1.61
Day High
$1.64
Day Low
$1.60
52 Week High
10/30/13 - $16.94
52 Week Low
07/8/14 - $1.56
Market Cap
201.6M
Average Volume 10 Days
95.2K
EPS TTM
$0.22
Shares Outstanding
126.0M
EX-Date
--
P/E TM
7.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for EDUCATION MANAGEMENT CORP (EDMC)

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education management corp (EDMC) Details

Education Management Corporation provides post-secondary education in North America. The company offers academic programs to students through campus-based and online instruction to earn undergraduate and graduate degrees, including doctoral degrees, and specialized non-degree diplomas in a range of disciplines. It operates through four segments: The Art Institutes, Argosy University, Brown Mackie Colleges, and South University. The Art Institutes offer associate’s, bachelor’s, and master’s degree programs, as well as selective non-degree diploma programs in creative professions, such as graphic design, media arts and animation, culinary arts, photography, interior design, digital filmmaking and video production, audio production, Website development, baking and pastry, fashion design and marketing, and game art and design. The Argosy University provides doctoral, master’s, and undergraduate degree academic programs in psychology and behavioral sciences, business, education, and health sciences disciplines. Brown Mackie Colleges offer associate’s and non-degree diploma programs in fields that comprise medical assisting, criminal justice, nursing, business, legal support, and information technology. The South University provides doctoral, master’s, bachelor’s, and associate’s degree academic programs in health sciences and business disciplines, including business administration, criminal justice, nursing, information technology, psychology, pharmacy, and medical assisting. The company operates 110 locations across 32 states of the United States and Canada. Education Management Corporation was founded in 1962 and is headquartered in Pittsburgh, Pennsylvania.

12,700 Employees
Last Reported Date: 09/3/13
Founded in 1962

education management corp (EDMC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $568.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $97.5K
Senior Vice President and President of Brown ...
Total Annual Compensation: $377.5K
Senior Vice President, Chancellor of South Un...
Total Annual Compensation: $364.7K
Chief Legal, Privacy, Security & Administrati...
Total Annual Compensation: $262.9K
Compensation as of Fiscal Year 2013.

education management corp (EDMC) Key Developments

Education Management Corporation to Lay Off 170 More

Education Management Corporation announced 170 layoffs throughout the organization, two days after it cut 80 workers in Green Tree and the Strip District. Of the 250 total job losses this week, 110 people in Pittsburgh were affected, the company said. The cuts are part of the Downtown-based company's efforts to control costs as it battles declining enrollments and profits. The company declined to discuss whether additional layoffs were coming. Since last year, the company has slashed more than 600 workers nationwide, nearly half of them in Pittsburgh.

Education Management Corporation Lays Off 80 More Amid Struggles

Education Management Corporation announced that 80 employees were laid off as it battles a decline in enrollment and profits.

Education Management Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014; Reports Impairment Charges for the Third Quarter Ended March 31, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending June 30, 2014

Education Management Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported loss before interest and income taxes of $468,850,000, loss before income taxes of $499,926,000, net loss of $467,646,000 or $3.71 diluted loss per share on net revenues of $595,202,000 against loss before interest and income taxes of $218,415,000, loss before income taxes of $254,111,000, net loss of $260,408,000 or $2.09 diluted loss per share on net revenues of $638,903,000 for the same period a year ago. EBITDA was $431,741,000 against $183,381,000 for the same period a year ago. Primarily as a result of non-cash goodwill and indefinite-lived intangible asset impairment charges of $509.2 million, the company reported a net loss. For the nine months, the company reported loss before interest and income taxes of $427,701,000, loss before income taxes of $522,258,000, net loss of $476,072,000 or $3.80 diluted loss per share on net revenues of $1,769,255,000 against loss before interest and income taxes of $124,712,000, loss before income taxes of $222,868,000, net loss of $242,357,000 or $1.95 diluted loss per share on net revenues of $1,903,363,000 for the same period a year ago. Net cash flows provided by operating activities were $172,175,000 against $286,202,000 for the same period a year ago. Expenditures for long-lived assets were $52,766,000 against $64,586,000 for the same period a year ago. EBITDA was $313,394,000 against $6,277,000 for the same period a year ago. The decrease in cash flow from operations in the current quarter compared to the prior year quarter was primarily due to lower operating results. EBITDA excluding certain expenses was $95.0 million against $122.0 million a year ago. For the quarter, the company reported long-lived assets impairment of $509,248,000 against $300,104,000 for the same period a year ago. For the fiscal year ending June 30, 2014, the company expects its capital expenditures to be approximately $80 million, compared to $83.2 million in the fiscal year ended June 30, 2013. The company expects loss to be in the range of $497 million to $494 million, loss per diluted share to be in the range of $3.96 to $3.94, net interest expense to be $128 million, depreciation and amortization to be $152 million and EBITDA excluding long-lived asset impairments and certain other expenses to be in the range of $270 million to $275 million. For the fourth quarter ending June 30, 2014, the company expects loss to be in the range of $21 million to $18 million, loss per diluted share to be in the range of $0.17 to $0.14, net interest expense to be $33 million, depreciation and amortization to be $37 million and EBITDA to be in the range of $36 million to $41 million.

 

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EDMC Competitors

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Company Last Change
Career Education Corp $5.09 USD +0.10
Corinthian Colleges Inc $0.24 USD +0.0024
ITT Educational Services Inc $15.33 USD +0.10
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Scholastic Corp $33.47 USD +0.29
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EDMC

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