Universal Technical Institute Q1 revenue up 38% to $105.1M; net income $14.8M vs $1.1M

UNIVERSAL TECHNICAL INSTITUTE INC

2022-Q1 EPS reported $0.25 revenue$105,075,000

Revenue $105.1M (+38% YoY); net income $14.8M vs $1.1M; EPS $0.25 vs ($0.01).
Adjusted EBITDA $19.9M vs $4.3M; adjusted net income $15.4M.
Average undergraduate students +16.2%; new student starts +2.3%.
MIAT acquisition contributed two months; total liquidity $99.5M.
Omicron expected to modestly impact start rates in H1.

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