National American University Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2013
January 08, 2014 at 09:05 pm
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National American University Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2013. Total revenues for the fiscal year 2014 second quarter were $33.2 million, compared to $34.5 million in the same period last year. Income before income taxes and non-controlling interest for the fiscal year 2014 second quarter was $2.2 million, compared to $4.7 million for the same period last year. This decrease was largely due to the reasons mentioned above. Net income attributable to the company for the Fiscal Year 2014 second quarter was $1.4 million, or $0.05 per diluted share based on 25.1 million shares outstanding, compared to $2.9 million, or $0.11 per diluted share based on 25.6 million shares outstanding, in the prior-year period. EBITDA for the fiscal year 2014 second quarter was $3.9 million, compared to $6.3 million in the prior-year period. Operating income was $2.315 million against $4.872 million a year ago. Income before income taxes was $2.228 million against $4.673 million a year ago.
Total revenues for the first six months of fiscal year 2014 remained relatively flat at $64.1 million, compared to $64.0 million in the prior-year period. Income before income taxes and non-controlling interest for the first six months of fiscal year 2014 was $1.7 million, compared to $4.5 million in the prior-year period. Net income attributable to the company during the first six months of fiscal year 2014 was $1.0 million, or $0.04 per diluted share based on 25.1 million shares outstanding, compared to $2.7 million, or $0.11 per diluted share based on 25.6 million shares outstanding, in the prior-year period. The company's EBITDA for the first six months of fiscal year 2014 was $5.2 million, compared to $7.6 million in the prior-year period. Operating income was $1.953 million against $4.850 million a year ago. Income before income taxes was $1.684 million against $4.464 million a year ago.
National American University Holdings, Inc., through its wholly owned subsidiary, Dlorah, Inc., operates National American University (NAU). NAU is a regionally accredited, institution of higher learning offering associate, bachelor's, master's, and doctoral degree programs in technical and professional disciplines. NAU consists of a group of educators, which helps its students to achieve their educational goals to advance their career opportunities. The Company's courses are offered primarily through online instruction.
National American University Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2013