ITT Educational Services, Inc. (ITT/ESI) is a provider of postsecondary degree programs in the United States based on revenue and student enrollment. As of December 31, 2006, the Company offered diploma, associate, bachelor and master degree programs to approximately 47,000 students. As of December 31, 2006, the Company had 87 institutes and nine learning sites of those institutes located in 33 states. All of its institutes are authorized by the applicable education authorities of the states, in which they operate and recruit, and are accredited by an accrediting commission recognized by the United States Department of Education (ED). As of December 31, 2006, all of the Company’s programs were degree programs, except for a few diploma programs offered at six institutes that are being converted to degree programs. During the year ended December 31, 2006, ITT/ESI operated at six new institutes and added five learning sites to existing institutes.
| Income Statement | Quarterly
(Jun '07) | Annual
(2006) | Annual
(2005) |
| Total Revenue | 216.98 | 757.76 | 688.00 |
| Gross Profit | 126.40 | 400.91 | 359.66 |
| Operating Income | 57.68 | 181.52 | 165.44 |
| Net Income | 35.86 | 118.52 | 109.71 |
$105.5 (07/31/07)
