secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001261654-24-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Technical Institute reports FY2024 revenue $732.7M, net income $42M; FY2025 guidance $800-815M revenue
--------------------------------------------------------------------------------

- Q4 revenue $196.4M (+15.3% YoY); net income $18.8M (+180.6%); adjusted EBITDA $37.3M (+94.6%).
- Full year revenue $732.7M (+20.6%), net income $42.0M (+240.9%), adjusted EBITDA $102.9M (+60.1%).
- FY2025 guidance: revenue $800-$815M, net income $52-$56M, adjusted EBITDA $120-$124M.
- Segment: UTI revenue $130.5M; Concorde revenue $65.8M. New student starts Q4 11,492 (+10.6%).
- Total liquidity $230.9M; debt $125.7M. CEO North Star Strategy Phase II underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000059/0001261654-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165424000059/uti-20241120.htm
  HTML page:      https://secwatch.observer/filing/0001261654-24-000059

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