---
schema_version: "secwatch.filing_event.v1"
accession: "0001261654-23-000097"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:03:36.294600+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001261654-23-000097
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2023-11-15T23:59:59+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/1261654/000126165423000097/0001261654-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/uti-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001261654-23-000097
- JSON: https://secwatch.observer/filing/0001261654-23-000097.json
- Plain text: https://secwatch.observer/filing/0001261654-23-000097.txt

## Key facts
- Earnings Releases
  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
  source text: • 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/0001261654-23-000097-index.htm
- Earnings Releases
  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
  source text: Revenues increased 53.9% to $170.3 million, compared to $110.6 million primarily due to the acquired Concorde segment contributing $55.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/0001261654-23-000097-index.htm
- Earnings Releases
  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
  source text: Established fiscal 2024 full year guidance ranges including revenue of $705 to $715 million, and adjusted EBITDA of $98 to $102 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/0001261654-23-000097-index.htm

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