earnings
confidence high
sentiment positive
materiality 0.78
UTI Q4 revenue $97.5M (+27.7% YoY), net income $12.0M; FY22 revenue guidance $405-$420M
UNIVERSAL TECHNICAL INSTITUTE INC
2021-FY EPS reported
$0.17
revenue$335,083,000
- Q4 new student starts +6.8%; average active students +8.1%. Revenue $97.5M vs $76.3M prior year.
- Q4 net income $12.0M ($0.20 diluted EPS) vs $6.5M; adjusted EBITDA $18.3M vs $9.7M.
- FY2021 revenue $335.1M (+11.4% YoY); net income $14.6M vs $8.0M; adj EBITDA $32.5M.
- FY2022 guidance: revenue $405-$420M, new start growth 14-19%, adj EBITDA $50-$55M, adj free cash flow $35-$45M.
- Completed MIAT College of Technology acquisition on Nov 1 for $26M cash; liquidity $133.7M at Sep 30.