secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001261654-23-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/0001261654-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/uti-20231115.htm
  HTML page:      https://secwatch.observer/filing/0001261654-23-000097

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