secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001261654-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI reports Q3 revenue $177.5M (+15.8%), net income $5.0M, reiterates FY guidance and unveils FY2029 targets
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- Revenue $177.5M (+15.8%), net income $5.0M vs loss $0.5M, EPS $0.09 vs ($0.05).
- Adjusted EBITDA $18.4M, up 60.9%; average undergrad full-time active students +13.4% YoY.
- FY2024 guidance reiterated; revenue and new student starts expected at high end of ranges.
- Initial FY2025 target: revenue ~$800M, adj. EBITDA margin ~15% (+100bps).
- Organic plan: ~10% avg annual revenue growth, adj. EBITDA margin ~20% by FY2029; six new programs/year from FY2025, two new campuses/year from FY2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000053/0001261654-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000053/uti-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001261654-24-000053

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