ITT Educational Services Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $214.2 million against $238.1 million a year ago. Operating income was $11.6 million against $6.8 million a year ago. Net income was $0.7 million against $0.4 million a year ago. Earnings per diluted share was $0.03 against $0.02 a year ago. Income before provision for income taxes was $1.671 million against $0.574 million a year ago. Net cash flows used in operating activities was $1.506 million against net cash flows from operating activities $21.563 million a year ago. Capital expenditures, net was $1.640 million against $1.147 million a year ago. The decrease in consolidated revenue resulting from decreases in total student enrollment was partially offset by a decrease in the average amount of institutional scholarships and awards provided for student in the 3 months ended June 30, 2015, compared to the 3 months ended June 30, 2014.

For the six months, the company reported revenue of $444.2 million against $476.0 million a year ago. Operating income was $39.3 million against $19.8 million a year ago. Net income was $11.2 million against $4.0 million a year ago. Earnings per diluted share was $0.47 against |$0.17 a year ago. Capital expenditures, net was $2.5 million against $2.7 million a year ago. Income before provision for income taxes was $18.936 million against $6.715 million a year ago. Net cash flows from operating activities was $32.027 million against $58.481 million a year ago.

Assuming the new student enrollment estimates are realized and there are no material changes in the student retention metrics for the remainder of 2015 as compared to 2014, the company reiterate previous projections for earnings before interest taxes, depreciation and amortization EBITDA for the 12 month ending December 31, 2015, to be inn the range of $90 million to $110 million.