secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001261654-21-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI Q4 revenue $97.5M (+27.7% YoY), net income $12.0M; FY22 revenue guidance $405-$420M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165421000068/0001261654-21-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165421000068/uti-20211117.htm
  HTML page:      https://secwatch.observer/filing/0001261654-21-000068

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