UTI announces 'North Star Strategy' Phase 2 targeting 10% CAGR, ~20% EBITDA margin by FY2029

UNIVERSAL TECHNICAL INSTITUTE INC

Next phase targets ~10% revenue CAGR and Adj. EBITDA margin near 20% by fiscal 2029.
Plans to launch at least 6 new programs annually starting FY2025 and open 2+ new campuses each year FY2026–2029.
Phase 1 milestones: revenue from $331M (FY2019) to $725M (FY2024); Adj. EBITDA from $17M to $103M.
Company will explore additional strategic acquisitions consistent with its mission.
CEO Jerome Grant and CFO Troy Anderson to discuss Q3 FY2024 results and strategy on Aug 6 call.

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