PERDOCEO EDUCATION Corp 8-K

What Happened
Perdoceo Education Corporation (PRDO) filed an 8-K on January 5, 2026, reaffirming its full‑year adjusted operating income outlook of $234 million to $236 million (as previously disclosed on November 4, 2025) and announcing that its Board approved a new common stock repurchase program authorizing up to $100 million in buybacks. The Board approved the Stock Repurchase Program on January 2, 2026; it replaces a prior $75 million program and expires on June 30, 2027.

Key Details

• Reaffirmed full‑year adjusted operating income outlook: $234M to $236M (filed Jan 5, 2026).
• New Stock Repurchase Program: authorizes up to $100 million of common stock repurchases; approval date Jan 2, 2026; expires June 30, 2027.
• Prior Repurchase Program: under the $75M program approved July 31, 2025, the Company repurchased ~2.5 million shares at an average price of $29.80 for a total of ~$74.8M.
• Repurchases may be made on the open market (including Rule 10b5‑1 plans and Rule 10b‑18 compliant transactions), can be modified or suspended at the Company’s discretion, and are not a firm commitment to buy shares.

Why It Matters
The reaffirmed adjusted operating income outlook signals management’s confidence in expected operating performance for the year. The new $100M buyback program provides the company flexibility to return capital to shareholders and could reduce share count if executed, potentially supporting earnings per share and share price over time. Investors should note the program is discretionary, may be paused or changed, and actual repurchases will depend on market conditions, capital needs and regulatory requirements.