Capella Education Company (CPLA)

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, today announced financial results for the three and nine months ended Sept. 30, 2017. In a separate news release today, Strayer Education, Inc. (“Strayer”) (NASDAQ: STRA) and Capella Education Company (“Capella”) announced that they have agreed to combine in an all-stock merger of equals transaction creating a national leader in education innovation. Please refer to that release for details on the merger. The following commentary is just related to Capella’s financial results. “We stabilized new enrollment trends for Capella University in the third quarter of 2017, and new enrollment growth trending into the fourth quarter is positive,” said Kevin Gilligan, chairman and chief executive officer. “Our goal is to position Capella for long-term sustainable growth by delivering the most direct path between learning and employment, differentiate our offerings with learners and employers, and create shareholder value.” Selected Financial Data for the Three Months Ended Sept. 30, 2017 Revenues were $107.0 million in the third quarter of 2017, up 1.0 percent compared to $105.9 million in the third quarter of 2016. Operating income was $13.8 million, compared to $15.3 million for the same period in 2016. The operating margin was 12.9 percent, compared to 14.5 percent for the third quarter 2016. Diluted net income per common share from continuing operations was $0.73, compared to $0.81 for the same period in 2016. Operating and Segment Highlights The “Post-Secondary” segment is comprised of Capella University and Sophia Learning; the “Job-Ready Skills” segment consists of Capella Learning Solutions, Hackbright Academy and DevMountain. For the Post-Secondary segment, third quarter 2017 revenues were $104.4 million, up 0.9 percent compared to $103.5 million in the same period a year ago. The operating margin was 15.5 percent in the third quarter 2017, compared to 16.4 percent in the third quarter of 2016. Results are primarily attributable to Capella University. Capella University total active enrollment decreased 1.3 percent to 37,223 learners, new enrollment decreased by 2.1 percent compared to third quarter 2016, and early cohort persistence improved by approximately 2 percent. Revenues for the Job-Ready Skills segment were $2.6 million in the third quarter of 2017 compared to $2.4 million in the same period of 2016. The operating loss was $2.4 million in the third quarter 2017, compared to a loss of $1.6 million in the third quarter of 2016. Balance Sheet and Cash Flow At Sept. 30, 2017, Capella Education Company had cash and marketable securities of $186.9 million, compared to $162.3 million at Dec. 31, 2016, and no debt as of these dates. Cash provided by operating activities from continuing operations for the nine months ended Sept. 30, 2017 was $56.3 million compared to $76.8 million in the same period a year ago. Dividend A quarterly cash dividend of $0.41 per outstanding share of common stock was declared during the third quarter of 2017. The dividend was paid on Oct. 13, 2017. In the third quarter of 2017, Capella Education Company repurchased approximately 37,000 shares of Capella stock for total consideration of $2.5 million. The remaining authorization as of the end of the third quarter was $27.9 million. Outlook Due to the pending merger transaction, the Company is not providing a financial outlook at this time and has also suspended any prior guidance provided. Conference Call In light of the pending merger announced today, Oct. 30, 2017, the Company will not be discussing the third quarter 2017 financial results in an investor conference call. A conference call to discuss the merger announcement is scheduled for today, Oct. 30, 2017, at 8:00 a.m. Eastern time (ET). To participate in the live call please dial 866.547.1509 (domestic) or 920.663.6208 (international) at 7:50 a.m. (ET), conference ID# 6889128. The live webcast and replay, including the accompanying presentation, will be available on the Capella Education Company Web site at www.capellaeducation.com in the investor relations section. Forward-Looking Statements Certain information in this news release does not relate to historical financial information, including statements relating to future prospects and expectations regarding our growth, revenues, enrollment, and operating performance, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions investors not to place undue reliance on any such forward-looking statements, which are based on information available at the time those statements are made or management's good faith belief as of that time with regard to future events, and should not be read as a guarantee of future performance or results. Such statements are subject to risks and uncertainties which could cause the company's actual results to differ materially from historical results and from results presently anticipated or projected. The company undertakes no obligation to update its forward-looking statements. Among these risks and uncertainties are any failure to materially comply with the extensive regulatory framework applicable to us, including compliance with Title IV of the Higher Education Act and the regulations thereunder; complying with U.S. Department of Education rules, including those regarding incentive compensation, gainful employment, return of Title IV funds, borrower defenses to repayment, financial responsibility standards, state authorization, certifications and program requirements; maintaining our business in accordance with regional and specialized accreditation standards and state regulatory and program approval requirements; adapting to changes in the administration, funding and availability for Title IV programs; successfully defending litigation and other claims; any governmental action or review of our business, marketing, or financial aid practices, including by any state attorneys general, the federal Consumer Financial Protection Bureau, the Federal Trade Commission, the Minnesota Office of Higher Education or other state or federal regulatory bodies; successfully growing our FlexPath programs; maintaining and expanding existing commercial relationships with employers and developing new employer and business partner relationships; improving our conversion rate and effectively optimizing our marketing strategy and spend; successfully managing our learner success, doctoral enrollment and degree completion efforts; keeping up with advances in technology important to the online learner experience; effectively managing data security risks; successfully integrating acquisitions; successfully growing Capella Learning Solutions’ new business lines; and managing risks associated with the overall competitive environment and general economic conditions. The company also faces risks and uncertainties relating to the proposed merger transaction with Strayer Education, Inc., including the ability to satisfy the conditions to consummation of the merger; the risk that required governmental and regulatory approvals may delay the merger transaction or result in the imposition of conditions that could cause the parties to abandon the merger transaction or materially impact the financial benefits of the transaction; the risk that the businesses will not be integrated successfully; the risk that the cost savings and anticipated synergies from the merger transaction may not be fully realized or may take longer to realize than expected; disruption from the proposed merger transaction making it more difficult to maintain relationships with learners, employers, employees or suppliers; the diversion of management time on merger-related issues and the risk of shareholder class action lawsuits against the company, its management team and board of directors. Other factors that could cause the company’s results to differ materially from those contained in its forward-looking statements include those described in the “Risk Factors” section of our most recent Annual Report on Form 10-K on file with the Securities and Exchange Commission (SEC) and any updates or developments described in our Quarterly Reports on Form 10-Q, or other documents the company files with the SEC. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment. Accounts receivable, net of allowance of $7,507 at September 30, 2017 and$6,682 at December 31, 2016 Common stock, $0.01 par value: Authorized shares — 100,000, Issued andOutstanding shares — 11,637 at September 30, 2017 and 11,545 at December 31, 2016 CAPELLA EDUCATION COMPANY

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, today announced that it will release third quarter 2017 financial results before the market opens on Tuesday, Oct. 31, 2017. A live conference call and webcast discussing third quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The live webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Oct. 31 through Nov. 7, 2017, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, today announced that it will release second quarter 2017 financial results before the market opens on Tuesday, July 25, 2017. A live conference call and webcast discussing second quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on July 25 through Aug. 1, 2017, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, today announced that it will release first quarter 2017 financial results before the market opens on Tuesday, April 25, 2017. A live conference call and webcast discussing first quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on April 25 through May 2, 2017, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, today announced that it will release fourth quarter and full year 2016 financial results before the market opens on Tuesday, Feb. 14, 2017. A live conference call and webcast discussing fourth quarter and full year results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Feb. 14 through Feb. 21, 2017, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, today announced that it will release third quarter 2016 financial results before the market opens on Tuesday, Oct. 25, 2016. A live conference call and webcast discussing third quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Oct. 25 through Nov. 1, 2016, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by providing the most direct path between learning and employment.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading educational services company, announced today that it will release second quarter 2016 financial results before the market opens on Tuesday, July 26, 2016. A live conference call and webcast discussing second quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on July 26 through Aug. 2, 2016, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Capella Education Company (http://www.capellaeducation.com) is an educational services company that provides access to high-quality education through online postsecondary degree programs and job-ready skills offerings needed in today’s market. Capella’s portfolio of companies is dedicated to closing the skills gap by placing adults on the most direct path between learning and employment.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a leading provider of online education, primarily through its wholly owned subsidiary Capella University, announced today that it will release first quarter 2016 financial results before the market opens on Tuesday, April 26, 2016. A live conference call and webcast discussing first quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on April 26 through May 3, 2016, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Founded in 1991, Capella Education Company (http://www.capellaeducation.com) is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with approximately 37,000 learners as of Dec. 31, 2015. Capella Education Company also owns Sophia (http://www.sophia.org), an innovative learning platform leveraging technology to support self-paced learning and Capella Learning Solutions (CLS) which provides online non-degree, high-demand, job-ready skills, training solutions and services to individuals and corporate partners. *Capella University is accredited by The Higher Learning Commission.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release fourth quarter and full year 2015 financial results before the market opens on Thursday, Feb. 11, 2016. A live conference call and webcast discussing fourth quarter and full year results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 800.794.6623 (domestic) or 785.424.1227 (international) at 8:50 a.m. (ET) and provide conference ID# 8176. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Feb. 11 through Feb. 18, 2016, at 800.839.2670 (domestic) or 402.220.7230 (international), conference ID# 8176. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Founded in 1991, Capella Education Company (http://www.capellaeducation.com) is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with approximately 37,000 learners as of Sept. 30, 2015. In addition, Capella Education Company offers online education through Arden University Ltd., formerly called Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns Sophia (http://www.sophia.org), an innovative learning platform leveraging technology to support self-paced learning. *Capella University is accredited by The Higher Learning Commission.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release third quarter 2015 financial results before the market opens on Tuesday, Oct. 27, 2015. A live conference call and webcast discussing third quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 48239481. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Oct. 27 through Nov. 3, 2015, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 48239481. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Founded in 1991, Capella Education Company (http://www.capellaeducation.com) is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with more than 37,000 learners as of June 30, 2015. In addition, Capella Education Company offers online education through Arden University Ltd., formerly called Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns Sophia (http://www.sophia.org), an innovative learning platform leveraging technology to support self-paced learning. *Capella University is accredited by The Higher Learning Commission.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release second quarter 2015 financial results before the open of the market on Tuesday, July 28, 2015. A live conference call and webcast discussing second quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 75388111. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on July 28 through Aug. 4, 2015, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 75388111. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education CompanyFounded in 1991, Capella Education Company (http://www.capellaeducation.com) is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with more than 37,000 learners as of March 31, 2015. In addition, Capella Education Company offers online education through Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns an innovative startup company called Sophia (http://www.sophia.org) - a social teaching and learning platform that integrates education with technology. *Capella University is accredited by The Higher Learning Commission.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release first quarter 2015 financial results before the open of the market on Tuesday, April 28, 2015. A live conference call and webcast discussing first quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 14110827. The webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on April 28, 2015, through May 5, 2015, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 14110827. It will also be archived at www.capellaeducation.com in the investor relations section. Capella Education Company also announced that it will host an Investor and Analyst Day on Thursday, May 14, 2015, in New York, NY, from 9:00 a.m. until 2:00 p.m. eastern time (ET). This invitation-only event will include presentations by Capella leaders on Capella’s position and differentiation in the market by offering the most direct path for learners, including through its FlexPath offering. The event will be webcast live on the Capella Education Company web site at www.capellaeducation.com. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education CompanyFounded in 1991, Capella Education Company (http://www.capellaeducation.com) is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with more than 36,000 learners as of Dec. 31, 2014. In addition, Capella Education Company offers online education through Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns an innovative startup company called Sophia (http://www.sophia.org) - a social teaching and learning platform that integrates education with technology. *Capella University is accredited by The Higher Learning Commission.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release fourth quarter and full year 2014 financial results before the open of the market on Thursday, Feb. 12, 2015. A live conference call and Webcast discussing fourth quarter and full year results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 62256896. The Webcast will be available on the Capella Education Company web site at www.capellaeducation.com in the investor relations section. A replay of the call will be available starting on Feb. 12, 2015, through Feb. 19, 2015, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 62256896. It will also be archived at www.capellaeducation.com in the investor relations section. About Capella Education Company Founded in 1991, Capella Education Company (http://www.capellaeducation.com) is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with approximately 35,000 learners as of Sept. 30, 2014. In addition, Capella Education Company offers online education through Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns an innovative startup company called Sophia (http://www.sophia.org) - a social teaching and learning platform that integrates education with technology. *Capella University is accredited by The Higher Learning Commission.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release third quarter 2014 financial results before the open of the market on Tuesday, Oct. 28, 2014. A live conference call and Webcast discussing third quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 13061145. The Webcast will be available on the Capella Education Company web site at www.capellaeducation.com. A replay of the call will be available starting on Oct. 28, 2014, through Nov. 4, 2014, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 13061145. It will also be archived at www.capellaeducation.com in the investor relations section for 60 days. About Capella Education Company Founded in 1991, Capella Education Company is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with approximately 36,000 learners as of June 30, 2014. In addition, Capella Education Company offers online education through Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns an innovative startup company called Sophia (http://www.sophia.org) - a social teaching and learning platform that integrates education with technology. *Capella University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), http://www.ncahlc.org. Capella University, Capella Tower, 225 South Sixth Street, Ninth Floor, Minneapolis, MN 55402, 1.888.CAPELLA (227.3552), http://www.capella.edu.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release second quarter 2014 financial results before the open of the market on Tuesday, July 29, 2014. A live conference call and Webcast discussing second quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 64797582. The Webcast will be available on the Capella Education Company web site at www.capellaeducation.com. A replay of the call will be available starting on July 29, 2014, through Aug. 5, 2014, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 64797582. It will also be archived at www.capellaeducation.com in the investor relations section for 60 days. About Capella Education Company Founded in 1991, Capella Education Company is a leader in online education, primarily through our wholly owned subsidiary Capella University (http://www.capella.edu), a regionally accredited* online university with approximately 36,000 learners as of March 31, 2014. In addition, Capella Education Company offers online education through Resource Development International Ltd. (RDI) (http://www.rdi.co.uk), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns an innovative startup company called Sophia (http://www.sophia.org) - a social teaching and learning platform that integrates education with technology. *Capella University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), http://www.ncahlc.org. Capella University, Capella Tower, 225 South Sixth Street, Ninth Floor, Minneapolis, MN 55402, 1.888.CAPELLA (227.3552), http://www.capella.edu.

MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ:CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced that it will release first quarter 2014 financial results before the open of the market on Tuesday, April 29, 2014. A live conference call and Webcast discussing first quarter results is scheduled for the same day at 9:00 a.m. eastern time (ET). To participate in the live call, investors should dial 866.385.4179 (domestic) or 702.928.7882 (international) at 8:50 a.m. (ET) and provide conference ID# 19387548. The Webcast will be available on the Capella Education Company web site at www.capellaeducation.com. A replay of the call will be available starting on April 29, 2014, through May 6, 2014, at 855.859.2056 (domestic) or 404.537.3406 (international), conference ID# 19387548. It will also be archived at www.capellaeducation.com in the investor relations section for 60 days. About Capella Education Company Founded in 1991, Capella Education Company is a leader in online education, primarily through our wholly owned subsidiary Capella University, a regionally accredited* online university. In addition, Capella Education Company offers online education through Resource Development International Ltd. (RDI), an independent provider of United Kingdom (UK) university distance learning qualifications. Capella Education Company also owns an innovative startup company called Sophia (http://www.sophia.org) - a social teaching and learning platform that integrates education with technology. Capella University offers online graduate degree programs in business, counseling, education, health administration, homeland security, human resource management, human services, information technology, nonprofit management and leadership, nursing, psychology, public administration, public health, public safety, and social work, and bachelor's degree programs in business, information technology, nursing, psychology, and public safety. These academic programs are designed to help working adults advance in their careers, combining high quality, competency-based curricula with the convenience and flexibility of an online learning format. Currently, Capella University offers 43 graduate and undergraduate degree programs with 143 specializations, including two new direct assessment degree delivery programs. As of Dec. 31, 2013, approximately 35,000 learners were enrolled with over 70 percent of learners enrolled in graduate degree programs. For more information about Capella Education Company, please visit http://www.capellaeducation.com. For more information about Capella University, please visit http://www.capella.edu or call 1.888.CAPELLA (227.3552). Resource Development International Ltd. partners with a number of the top 100 universities in the UK to develop, validate and deliver UK higher education qualifications, predominantly through online courses. For more information, visit http://www.rdi.co.uk. Sophia is a first-of-its-kind social education platform that offers students many ways to learn by making free, credible, academic content available to anyone, anywhere, at anytime. The site offers tens of thousands of tutorials created by hundreds of teachers and experts that are taught in a variety of ways. The platform further enhances the learning process by offering quizzes, assessing learning preferences and providing learning paths. For more information, visit www.sophia.org. *Capella University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), http://www.ncahlc.org. Capella University, Capella Tower, 225 South Sixth Street, Ninth Floor, Minneapolis, MN 55402, 1.888.CAPELLA (227.3552), http://www.capella.edu.