UTI posts Q3 revenue up 54% to $83.8M, net income of $3.0M vs loss; reaffirms FY guidance

UNIVERSAL TECHNICAL INSTITUTE INC

2021-Q3 EPS reported -$0.04 revenue$237,602,000

Revenue $83.8M (+53.8% YoY); net income $3.0M vs net loss of $13.3M in prior year.
Adjusted EBITDA $7.2M vs adjusted EBITDA loss of $8.8M; basic EPS $0.03 vs ($0.45).
New student starts increased 38.8% YoY; average active students up 19.1%.
Management reaffirms fiscal 2021 guidance; cites strong demand and operating improvements.
Pending acquisition of MIAT College of Technology mentioned; liquidity $103.1M including short-term securities.

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