Universal Technical Institute Q1 revenue $174.7M, net income $10.4M; raises FY guidance

UNIVERSAL TECHNICAL INSTITUTE INC

2024-Q1 EPS reported $0.17 revenue$174,695,000

Revenue $174.7M (+45.6% YoY); net income $10.4M vs $2.6M; diluted EPS $0.17 vs $0.02.
UTI segment revenue $115.4M (+9.3%); new student starts up 17.2%.
Concorde segment revenue $59.3M (full quarter); adjusted EBITDA $8.8M vs -$64K.
Adjusted EBITDA $24.5M vs $14.4M; full-year guidance raised for revenue, net income, EPS, and EBITDA.
CEO cites program launches and leadership appointments: Kevin Prehn (Concorde president), Carolyn Frank (CHRO).

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