National American University Holdings, Inc. reported unaudited consolidated earnings results for second quarter and six months ended November 30, 2014. For the quarter, the company's total revenue was $30,638,000 against $33,182,000 a year ago. Operating income was $4,698,000 against $2,315,000 a year ago. Income before income tax was $4,530,000 against $2,228,000 a year ago. Net income attributable to university was $2,826,000 against $1,362,000 a year ago. Basic and diluted net earnings attributable to university were $0.11 against $0.05 a year ago. EBITDA was $6,273,000 against $3,923,000 a year ago. The increase in net income was a result of lower SG&A expenses during the quarter. The change in revenue was primarily due to decrease in academic segment Revenue was primarily a result of a decrease in enrollment, which was driven by weaker market demand among NAU's targeted student demographic, but was partially offset by a Board of Governors-approved tuition increase of 0.5% that became effective in September 2014.

For the six months, the company's total revenue was $59,942,000 against $64,111,000 a year ago. Operating income was $8,234,000 against $1,953,000 a year ago. Income before income tax was $7,994,000 against $1,684,000 a year ago. Net income attributable to university was $4,996,000 against $1,033,000 a year ago. Basic and diluted net earnings attributable to university were $0.20 against $0.04 a year ago. EBITDA was $11,449,000 against $5,156,000 a year ago.