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Sep 30, 2024
UTI Q4 2024 Earnings Report
Reported financial results for the fiscal 2024 fourth quarter and the full year ended September 30, 2024.
Key Takeaways
Universal Technical Institute reported a strong Q4 2024 with revenue increasing by 15.3% to $196.4 million and net income reaching $18.8 million, compared to $6.7 million in the same period last year. The company's performance reflects consistent execution on its strategic plan and momentum in newly launched programs.
Revenues increased 15.3% to $196.4 million.
Operating income was $26.0 million compared to $10.3 million.
Net income was $18.8 million compared to $6.7 million.
Basic and diluted earnings per share (EPS) were $0.35 and $0.34, respectively, compared to $0.10.
Revenue by Segment
Forward Guidance
Fiscal 2025 is on track to be another year of impressive growth as the company enters Phase II of the North Star Strategy. The company announced formal guidance ranges for the fiscal year.
Positive Outlook
- Revenue of $800 - $815 million
- Net Income of $52 - $56 million
- Diluted EPS of $0.93 - $1.01
- Adjusted EBITDA of $120 - $124 million
- New student starts of 28,000 - 29,000
Challenges Ahead
- Adjusted free cash flow decrease of (18)%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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