---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-193980"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T12:59:38.310979+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-193980
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1261654/000119312524193980/0001193125-24-193980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000119312524193980/d862361d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-193980
- JSON: https://secwatch.observer/filing/0001193125-24-193980.json
- Plain text: https://secwatch.observer/filing/0001193125-24-193980.txt

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