secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001261654-24-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000042/0001261654-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000042/uti-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001261654-24-000042

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