earnings
confidence high
sentiment positive
materiality 0.80
UTI reports Q3 FY2022 revenue up 20.5% to $101M, adjusted EBITDA up 53% to $11M
UNIVERSAL TECHNICAL INSTITUTE INC
2022-Q3 EPS reported
$0.35
revenue$308,127,000
- Revenue $101.0M (+20.5% YoY); new student starts +25.0%; average active students +11.4%.
- Adjusted net income $5.7M (up 71%); adjusted EBITDA $11.0M (up 53%); GAAP net income $0.8M.
- GAAP net income $0.8M vs $3.0M; basic EPS $(0.01) vs $0.03 prior year.
- CEO cites growth via MIAT acquisition, Austin campus, Concorde acquisition, Miramar campus.
- Long-term goal: revenue >$700M and adjusted EBITDA margin ~20% by fiscal 2025.