earnings
confidence high
sentiment negative
materiality 0.75
Universal Technical Institute Q3 revenue up 7.2% to $218.9M; net income falls to $2.3M, guidance lowered
UNIVERSAL TECHNICAL INSTITUTE INC
- Revenue $218.9M (+7.2% YoY); net income $2.3M vs $10.7M; EPS $0.04 vs $0.20.
- Adjusted EBITDA $18.2M (-27.8% YoY) due to $9.0M strategic growth expenses.
- New student starts 6,342 (+10.9%); avg full-time active students 25,131 (+5.8%).
- FY2026 guidance lowered: revenue $893-900M, Adj. EBITDA $100-103M, net income $32-36M.
- UTI-Atlanta campus opened July with starts ~30% ahead of expectations; multi-year operating model transition announced.