UTI beats FY2023 guidance; guides FY2024 rev $705-715M, adj EBITDA $98-102M

UNIVERSAL TECHNICAL INSTITUTE INC

2023-FY EPS reported $0.13 revenue$607,408,000

FY2023 revenue $607.4M (exceeded $602-605M); adj net income $22.3M (exceeded $17-20M).
Q4 revenue $170.3M (+53.9% YoY); net income $6.7M vs $2.8M; adj EBITDA $19.2M.
FY2024 guidance: revenue $705-715M (+17% YoY); adj EBITDA $98-102M (+56%); diluted EPS $0.53-0.58.
Total new student starts FY2023: 22,613; UTI +6% to 14,181; FY2024 target 24,500-25,500.
Concorde contributed 10-month revenue $178.1M and adj EBITDA $16.3M; total liquidity $159.7M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL TECHNICAL INSTITUTE INC reported fiscal 2023 full year and fourth quarter ended September 30, 2023 results: revenue Full year revenue of $607.4 million, net income Full year net income was $12.3 million, EPS Basic and diluted EPS were $0.13.

Period: fiscal 2023 full year and fourth quarter ended September 30, 2023
Revenue: Full year revenue of $607.4 million
Net income: Full year net income was $12.3 million
EPS: Basic and diluted EPS were $0.13
Result: reported results

Exact text from the filing

• Full year revenue of $607.4 million in 2023 with UTI contributing $429.3 million and Concorde contributing $178.1 million. • Full year net income was $12.3 million while full year adjusted net income (1) was $22.3 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL TECHNICAL INSTITUTE INC reported the three-month period ended September 30, 2023 results: revenue $170.3 million, net income $6.7 million, EPS $0.10.

Period: the three-month period ended September 30, 2023
Revenue: $170.3 million
Net income: $6.7 million
EPS: $0.10
Result: reported results

Exact text from the filing

Revenues increased 53.9% to $170.3 million, compared to $110.6 million primarily due to the acquired Concorde segment contributing $55.0 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL TECHNICAL INSTITUTE INC reported fiscal 2024 full year results: revenue $705 to $715 million. Guidance initiated.

Period: fiscal 2024 full year
Revenue: $705 to $715 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Established fiscal 2024 full year guidance ranges including revenue of $705 to $715 million, and adjusted EBITDA of $98 to $102 million.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

UNIVERSAL TECHNICAL INSTITUTE INC filing history →

Source: SEC EDGAR

accession 0001261654-23-000097

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.