---
schema_version: "secwatch.filing_event.v1"
accession: "0001261654-24-000042"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:47:14.795124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UTI Q2 FY2024: Rev $184.2M, net income $7.8M, EPS $0.14; raises FY2024 guidance

## Summary
- Revenue $184.2M (+12.4% YoY); net income $7.8M vs $3.5M; diluted EPS $0.14 vs $0.04.
- Adjusted EBITDA $22.6M (+17.8% YoY); total new student starts 5,480 (+18.5%).
- UTI segment rev $123.3M (+14.7%), starts +19.6%; Concorde rev $60.9M (+8.2%), starts +17.2%.
- Fiscal 2024 guidance raised for new starts, revenue, net income, EPS, and adjusted EBITDA.
- Initial FY2025 projections: revenue nearly $800M, adjusted EBITDA margin ~15% (≥100bps expansion vs FY2024).

## SEC filing metadata
- accession: 0001261654-24-000042
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1261654/000126165424000042/0001261654-24-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000126165424000042/uti-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001261654-24-000042
- JSON: https://secwatch.observer/filing/0001261654-24-000042.json
- Plain text: https://secwatch.observer/filing/0001261654-24-000042.txt

## Key facts
- Earnings Releases
  UNIVERSAL TECHNICAL INSTITUTE INC reported the fiscal 2024 second quarter ended March 31, 2024 results: revenue $184.2 million, net income $7.8 million, EPS $0.14. Guidance raised.
  - Period: the fiscal 2024 second quarter ended March 31, 2024
  - Revenue: $184.2 million
  - Net income: $7.8 million
  - EPS: $0.14
  - Guidance: raised
  - Result: reported results
  source text: Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the “Company,” “we,” “us” or “our.” • Reven ue of $184.2 million representing 12.4% growth versus the prior year period, with UTI and Concorde achieving 14.7% and 8.2% growth versus the prior year period, respectively. • Total new student
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165424000042/0001261654-24-000042-index.htm

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