---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-289578"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T14:52:36.442613+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UTI reports FY2022 revenue ~$418.8M, adj. EBITDA >=$55M; secures $100M revolver, Concorde closing Dec 2022

## Summary
- Revenue ~$418.8M; adj. EBITDA expected >=$55M; FY2022 results in line with guidance.
- New student starts ~13,374, up ~2.7% YoY.
- Entered $100M revolver with Fifth Third Bank; 3-year term; interest SOFR + 1.75%-2.25%.
- Concorde acquisition expected to close Dec 2022 after DOE APAR completed.
- Available liquidity ~$190M including revolver.

## SEC filing metadata
- accession: 0001193125-22-289578
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/d377692d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-289578
- JSON: https://secwatch.observer/filing/0001193125-22-289578.json
- Plain text: https://secwatch.observer/filing/0001193125-22-289578.txt

## Key facts
- Debt Financings
  UNIVERSAL TECHNICAL INSTITUTE INC incurred revolving credit of $100.0 million with Fifth Third Bank maturing three years.
  - Instrument: revolving credit
  - Principal: $100.0 million
  - Counterparty: Fifth Third Bank
  - Maturity: three years
  - Event: incurrence
  source text: On November 18, 2022, Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), as borrower, and certain of its subsidiaries (collectively with the Company, the “ Loan Parties ”), entered into a Credit Agreement (“ Credit Agreement ”) with Fifth Third Bank, a national banking association (the “ Lender ”). Under the Credit Agreement, the Company obtained a $100.0 million senior secured revolving credit facility (the “ Facility ”) for a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm
- Earnings Releases
  UNIVERSAL TECHNICAL INSTITUTE INC reported the full fiscal year ended September 30, 2022 results: revenue approximately $418.8 million. Guidance reaffirmed.
  - Period: the full fiscal year ended September 30, 2022
  - Revenue: approximately $418.8 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: • Continued progress towards closing of Concorde Career Colleges acquisition Select Preliminary, Unaudited Financial Results for Full Fiscal Year 2022 • Revenue of approximately $418.8 million • Currently anticipate adjusted EBITDA of not less than $55.0 million (see non-GAAP information below) • New student starts of approximately 13,374, or growth of approximately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm
- Material Agreements
  UNIVERSAL TECHNICAL INSTITUTE INC entered into Credit Agreement with Fifth Third Bank valued at $100.0 million (effective 2022-11-18).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Fifth Third Bank
  - Value: $100.0 million
  - Effective: 2022-11-18
  source text: On November 18, 2022, Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), as borrower, and certain of its subsidiaries (collectively with the Company, the “ Loan Parties ”), entered into a Credit Agreement (“ Credit Agreement ”) with Fifth Third Bank, a national banking association (the “ Lender ”). Under the Credit Agreement, the Company obtained a $100.0 million senior secured revolving credit facility (the “ Facility ”) for a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.