UTI
Universal Technical Institute, Inc.25.91
-0.15-0.58%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms script, adds campus/reg color
Q&A largely reaffirmed the scripted beat on Q1 revenue up 10% to $221M and FY26 guidance, but added color on divisional starts: UTI accelerating with marketing shifts ahead of San Antonio (300+ students ready) and Atlanta, while Concord went flat against 26% prior growth. Heartland Fort Myers secured Title IV funding in 72 hours and now mixes gov aid with cash pay, spurring talks for more DSO and UTI employer partnerships. Growth investments drove margin pressure, but core margins expand; CapEx hit 24% of $100M plan, FCF $20-25M intact. Campuses ramp beyond models. Management stayed direct on regulatory ease and marketing yields. Investors watch Q2 starts surge.
Key Stats
Market Cap
1.41BP/E (TTM)
22.93Basic EPS (TTM)
1.13Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Revenues climbed 9.6% y/y to $220.8M for Q1 FY2026 ended December 31, 2025, fueled by 7.2% higher average full-time students across UTI (up 8.6% to $142.8M) and Concorde (up 11.5% to $78.0M), yet operating income fell to $15.7M from $27.5M on growth investments in new campuses and programs. Diluted EPS dipped to $0.23 from $0.40, matching net income of $12.8M over 55.7M shares. Cash dropped to $93.6M after $22.2M capex and $33.7M investments, with $3.1M operating cash flow and $70.4M revolver availability against $101.7M debt (maturities through 2029). Signed leases for UTI Salt Lake City and Concorde Houston/Atlanta, opening 2027 pending approvals. Growth absorbs costs now. Title IV compliance remains key.
8-K
Q1 revenue up 9.6%, profits dip
Universal Technical Institute posted Q1 FY2026 revenue of $220.8 million, up 9.6%, with average active students rising 7.2% to 26,858. Net income fell to $12.8 million while adjusted EBITDA dropped 23.5% to $27.1 million, hit by $7.6 million in growth expenses and $22.2 million capex. Growth investments fuel North Star strategy. FY2026 guidance reiterated.
10-K
FY2025 results
Universal Technical Institute drove FY2025 revenue to $835.6M, up 14.0% y/y, with UTI up 11.4% to $541.8M and Concorde surging 19.3% to $293.8M on 10.5% average student growth to 24,618. Q4 topped $222M, outpacing Q3's $204M while sustaining momentum from new HVACR, EV, and electrical programs across seven states. Operating income hit $83.5M (10.0% margin), fueled by enrollment gains yet tempered by $36M in expansion costs; credit losses rose with volume. Liquidity swelled to $254.5M amid $97M operating cash flow. Regulatory scrutiny threatens Title IV eligibility, vital for 78% of cash revenues.
8-K
Crushed FY25 targets
Universal Technical Institute crushed FY2025 with $835.6M revenue, up 14%, $63M net income, up 50%, and $126.5M adjusted EBITDA, up 22.9%, fueled by 10.5% more active students at 24,618. New starts hit 29,793. Growth investments pressure FY2026 guidance: $905-915M revenue, $114-119M adjusted EBITDA. Momentum builds.
8-K
Announces three new 2027 campuses
Universal Technical Institute announced the first three of its planned fiscal 2027 campuses: UTI-Salt Lake City (113,000 sq ft, over 3,000 students at scale), Concorde-Houston (45,000 sq ft), and Concorde-Atlanta (47,000 sq ft), each serving up to 700 students, pending approvals. This accelerates Phase II of its North Star strategy, expanding skilled trades and healthcare training amid worker shortages. New sites build on 2026 openings. Growth hinges on regulatory nods.
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