secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001261654-22-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI reports Q3 FY2022 revenue up 20.5% to $101M, adjusted EBITDA up 53% to $11M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165422000089/0001261654-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165422000089/uti-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001261654-22-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer