---
schema_version: "secwatch.filing_event.v1"
accession: "0001261654-22-000102"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T05:58:42.356983+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UTI reports FY2022 revenue $418.8M (+25%); guides FY2023 $595-$610M

## Summary
- FY2022 revenue $418.8M (+25% YoY), net income $25.8M, adjusted EBITDA $55.9M (+71.8%); all met/surpassed guidance.
- Q4 revenue $110.6M (+13.5% YoY) but net income fell 76.5% to $2.8M; adjusted EBITDA $14.0M (-23.1% vs prior year).
- Completed Concorde Career Colleges acquisition for $50M on Dec 1, 2022; drew $90M from new revolving credit facility.
- FY2023 guidance: revenue $595-$610M (incl. 10 months of Concorde), adjusted EBITDA $58-$62M; targets >$700M revenue in FY2024.
- New student starts FY +2.7% to 13,374; average active students up 11.7% to 12,838.

## SEC filing metadata
- accession: 0001261654-22-000102
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/0001261654-22-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/uti-20221212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001261654-22-000102
- JSON: https://secwatch.observer/filing/0001261654-22-000102.json
- Plain text: https://secwatch.observer/filing/0001261654-22-000102.txt

## Key facts
- Earnings Releases
  UNIVERSAL TECHNICAL INSTITUTE INC reported the fiscal year ended September 30, 2022 results: revenue $418.8 million, net income $25.8 million. Guidance reaffirmed.
  - Period: the fiscal year ended September 30, 2022
  - Revenue: $418.8 million
  - Net income: $25.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Full year revenue of $418.8 million in 2022, an increase of 25.0% compared to the prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/0001261654-22-000102-index.htm
- Earnings Releases
  UNIVERSAL TECHNICAL INSTITUTE INC reported fourth quarter ended September 30, 2022 results: revenue $110.6 million, net income $2.8 million. Guidance reaffirmed.
  - Period: fourth quarter ended September 30, 2022
  - Revenue: $110.6 million
  - Net income: $2.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: for the fiscal 2022 full year and fourth quarter ended September 30, 2022. • Full year revenue of $418.8 million in 2022, an increase of 25.0% compared to the prior year, and $110.6 million in the fourth quarter, up 13.5% compared to the prior year quarter. • Full year net income was $25.8 million compared to $14.6 million in the prior year, while net income for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/0001261654-22-000102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.