secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001261654-22-000102
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/0001261654-22-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/uti-20221212.htm
  HTML page:      https://secwatch.observer/filing/0001261654-22-000102

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