secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001261654-23-000080
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Technical Institute Q2 revenue $163.8M, adjusted EBITDA $19.2M, reaffirms FY guidance
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- Revenue rose 60.5% to $163.8M, driven by Concorde acquisition ($56.3M) and UTI segment +5.4%.
- Net income was $3.5M ($0.04 EPS); adjusted net income $6.3M; adjusted EBITDA $19.2M.
- Total new student starts 4,626; UTI starts up 4.4% YoY; Concorde contributed 2,252 starts.
- UTI segment revenue $107.6M (+5.4%); adjusted EBITDA $20.7M from $21.5M prior year.
- Reiterates full-year fiscal 2023 guidance; CEO highlighted new campus/program launches and board appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165423000080/0001261654-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165423000080/uti-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001261654-23-000080

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