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Devry Education Group Inc. (DV) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Devry Education Group Inc.

CIK: 730464 Ticker: DV

Exhibit 99.1

DeVry Education Group Announces Third Quarter Fiscal 2017 Results

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--May 4, 2017--DeVry Education Group (NYSE:DV), a leading global education provider, today reported academic, operational and financial results for its fiscal 2017 third quarter ended March 31, 2017. DeVry Group also reported enrollment results at its Carrington College, Chamberlain University, DeVry University/Keller Graduate School of Management and DeVry Education of Brazil.

“We remain focused on laying the groundwork to return to consistent revenue growth, while further improving operating efficiencies across our organization,” said Lisa Wardell, president and CEO of DeVry Education Group. “We are committed to filling the global work force skills gaps that are prevalent in our society through our medical and healthcare, professional education and technology and business program offerings. I’m encouraged with the early traction of our new programs and remain confident that we are taking the right steps to strengthen our value proposition and enhance our growth potential.”

Selected financial data for the three months ended March 31, 2017:

  • Total revenue of $452.1 million decreased 4.7 percent versus the prior year
  • Net income of $39.9 million, compared to $51.9 million in the prior year; net income excluding special items was $44.9 million, compared to $45.6 million in the prior year
  • Diluted earnings per share was $0.62, compared to $0.81 in the prior year; diluted earnings per share excluding special items was $0.70, compared to $0.71 in the prior year
  • DeVry Group repurchased approximately 428,000 shares of common stock during the third fiscal quarter
  • Cash and cash equivalents were $209.9 million as of March 31, 2017, compared to $330.2 million as of March 31, 2016. Outstanding bank borrowings were $120.0 million as of March 31, 2017

The following information was filed by Devry Education Group Inc. (DV) on Thursday, May 4, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Income
Assets Held For Sale
Assets Held For Sale - Additional Information (detail)
Business Combinations
Business Combinations (acquired Intangible Assets Subject To Amortization And Values And Estimated Useful Lives) (detail)
Business Combinations (estimated Fair Values Of Assets Acquired And Liabilities Assumed) (detail)
Business Combinations (tables)
Business Combinations - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (detail)
Debt
Debt - Additional Information (detail)
Dividends And Share Repurchase Programs
Dividends And Share Repurchase Programs (shares Repurchased Under Programs) (detail)
Dividends And Share Repurchase Programs (tables)
Dividends And Share Repurchase Programs - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (assets Measured At Fair Value On Recurring Basis) (detail)
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
Financing Receivables
Financing Receivables (credit Risk Profiles Of Institutional Loan Balance) (detail)
Financing Receivables (institutional Loan Balances And Related Allowances For Credit Losses) (detail)
Financing Receivables (institutional Loans Past Due) (detail)
Financing Receivables (tables)
Financing Receivables - Additional Information (detail)
Income Taxes
Income Taxes - Additional Information (detail)
Intangible Assets
Intangible Assets (changes In Carrying Amount Of Goodwill, By Segment) (detail)
Intangible Assets (estimated Amortization Expense For Amortized Intangible Assets) (detail)
Intangible Assets (schedule Of Intangible Assets) (detail)
Intangible Assets (summary Of Goodwill Balances By Reporting Segment) (detail)
Intangible Assets (summary Of Goodwill Balances By Reporting Unit) (detail)
Intangible Assets (summary Of Indefinite-lived Intangible Assets Balances By Reporting Unit) (detail)
Intangible Assets (tables)
Intangible Assets - Additional Information (detail)
Interim Financial Statements
Regulatory Settlements
Regulatory Settlements - Additional Information (detail)
Restructuring Charges
Restructuring Charges (pre-tax Restructuring Charges) (detail)
Restructuring Charges (separation And Restructuring Plan Activity) (detail)
Restructuring Charges (tables)
Restructuring Charges - Additional Information (detail)
Segment Information
Segment Information (revenues And Long-lived Assets By Geographic Area) (detail)
Segment Information (tables)
Segment Information (tabulation Of Business Segment Information Based On Current Segmentation) (detail)
Segment Information - Additional Information (detail)
Stock-based Compensation
Stock-based Compensation (fair Values Of Stock Option Awards Weighted Average Assumptions) (detail)
Stock-based Compensation (summary Of Options Activity) (detail)
Stock-based Compensation (summary Of Restricted Stock Units Activity) (detail)
Stock-based Compensation (summary Of Stock Appreciation Rights Activity) (detail)
Stock-based Compensation (tables)
Stock-based Compensation (total Stock-based Compensation Expense Included In Consolidated Statement Of Income) (detail)
Stock-based Compensation - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (reconciliation Of Basic Shares To Diluted Shares) (detail)
Summary Of Significant Accounting Policies (reconciliation Of Non-controlling Interest Balance) (detail)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)

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Devry Education Group Inc. provided additional information to their SEC Filing as exhibits

Ticker: DV
CIK: 730464
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-17-024564
Submitted to the SEC: Thu May 04 2017 4:31:49 PM EST
Accepted by the SEC: Thu May 04 2017
Period: Friday, March 31, 2017
Industry: Educational Services

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