Universal Technical Institute Inc

News & Events zu Universal Technical Institute Inc (UTI)

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UTI-News

UTI-Events

8/6 12:30

Universal Technical Shares Drop 32.4% to $28.63

Universal Technical is down -32.4%, or -$13.74 to $28.63.

8/6 10:30

Universal Technical Shares Drop 30.8% to $29.32

Universal Technical is down -30.8%, or -$13.05 to $29.32.

8/5 17:00

Q3 Revenue at $218.9M, Slightly Below Expectations

Reports Q3 revenue $218.9M, consensus $219.87M. "Our Q3 results reinforce our confidence in both the demand environment for our students and the strength of the North Star strategy we've been executing," said Jerome Grant, CEO. "New student starts grew 11%, exceeding our expectations, driven by a robust performance from our UTI division. Additionally, our newer campuses continue to outperform, with UTI-San Antonio and UTI-Atlanta both tracking well ahead of their launch models, validating the diversification strategy we've been pursuing. We have unified all programs under one corporate structure, enabling us to better align resources with demand, improve execution and advance the optimization pillar of North Star while preserving the strength of the UTI and Concorde brands. Student demand is now shifting toward skilled trades faster than anticipated, driving outperformance across newer campuses, capacity expansions and recently launched programs. At the same time, our fourth-quarter high school starts in Auto and Diesel are tracking below plan, as we missed the opportunity to reach every prospective student who expressed interest, creating a clear opportunity to strengthen engagement and improve conversion as we start to look at FY27."

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