Education Management Corp (EDMCQ) Stock Price & News

Education Management Corporation was a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. The company was founded in 1962. At its peak in 2011, Education Management Corporation operated 110 schools through its higher education divisions: Argosy University, The Art Institutes, Brown Mackie College, and South University, and enrolled 158,300 students. Facing declining enrollment, legal issues, and accreditation problems, EDMC closed or sold many of its schools between 2013 and 2017. By 2014, the company's stock had lost 99.9% of its value, and EDMC received a defaulted bond rating. Moody's credit rating service in January 2015 dropped EDMC to its lowest rating, D-PD. In June 2018, EMDC filed for Chapter 7 bankruptcy and began to liquidate its assets. Wikipedia

About Education Management Corp

CEOEdward H. West | Todd S. Nelson

Employees10.8K

Founded1962

HeadquartersPittsburgh, Pennsylvania, United States

SectorEducation

Websiteedu-mgt.com


Revenue
Cost of goods sold
Cost of revenue
Research and development expenses
Total research and development expenses
Selling, general, and admin expenses
Operating expense
Total operating expenses
Operating income
Other non operating income
EBT including unusual items
EBT excluding unusual items
Income tax expense
Effective tax rate
Other operating expenses
Net income
Net profit margin
Earnings per share
Interest and investment income
Interest expense
Net interest expenses
Depreciation and amortization charges
EBITDA
Gain or loss from assets sale

Ask anything