ITT Educational Services (ESI) Posts Q4 EPS of $0.44; Will Restate Certain Financials

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Go back to ITT Educational Services (ESI) Posts Q4 EPS of $0.44; Will Restate Certain Financials

ITT Educational Services, Inc. Reports 2015 Fourth Quarter and Full Year Results and Announces Restatement

March 14, 2016 4:39 PM EDT

CARMEL, Ind., March 14, 2016 /PRNewswire/ -- ITT Educational Services, Inc. (NYSE:  ESI), a leading provider of technology-oriented postsecondary degree programs, today reported that diluted earnings per share in 2015 decreased to $0.97 compared to $0.98 in 2014.  New student enrollment in the fourth quarter of 2015 decreased 17.1% to 10,478 compared to 12,639 in the same period in 2014. Total student enrollment decreased 16.3% to 44,922 as of December 31, 2015 compared to 53,646 as of December 31, 2014.

Kevin M. Modany, Chief Executive Officer noted, "While we continue to generate sufficient indications of interest in our programs of study to achieve our internal recruitment goals, we believe that our new student... More

ESI Group: 2015 Annual Sales up 12.3%

March 14, 2016 1:01 PM EDT

Solid growth dynamics

Integration of acquisitions

PARIS--(BUSINESS WIRE)-- Regulatory News:

ESI Group (Paris: ESI):

Strong growth in Licensing activity and engineering studies Good business momentum in Asia, particularly China Further adoption by major customers and sector diversification Broadening of strategic positioning through recent acquisitions

Alain de Rouvray, Chairman and Chief Executive Officer of ESI Group, comments: "Sales momentum in 2015, particularly in the Licensing... More