M&A
confidence high
sentiment neutral
materiality 0.65
UTI acquires Concorde Career Colleges; Concorde FY2021 revenue $193.7M, net income $3.6M
UNIVERSAL TECHNICAL INSTITUTE INC
- Acquisition closed Dec 1, 2022; amendment provides audited/unaudited financials and pro forma data.
- Concorde FY2021 net revenues $193.7M (FY2020: $186.0M), net income $3.6M (FY2020: $5.7M).
- Concorde total assets $86.8M, stockholders' equity $36.3M at Dec 31, 2021.
- Unaudited 9-month Sep 30, 2022 financials and pro forma combined statements for FY2022 filed as exhibits.