secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001261654-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000009/0001261654-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000009/uti-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001261654-24-000009

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