NYSE$UTI

Universal Technical Institut · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported financial results for the fiscal 2024 fourth quarter and the full year ended September 30, 2024.

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.

Headline financials

Total Revenue

$196M

Previous: $170M+15.3%
EPS (adj)

$0.34

Previous: $0.24+41.7%
New Student Starts

11.5K

No prior period
Avg Full-Time Students

23.2K

No prior period
End of Period Students

25.6K

No prior period
Capital Expenditures

-$7.53M

Previous: -$7.84M+3.9%
Net Income

$18.8M

Previous: $6.7M+180.6%
Operating Income

$26M

Previous: $10.3M+152.4%
Gross Profit

$97M

Previous: $77.1M+25.7%
Stock-Based Comp

$2.86M

Previous: $33K+8572.7%

Revenue & EPS history

UTI · Revenue · Quarterly

$196M

Q4 2024+15.3%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

UTI · $153M total across 2 segments · Q3 2023

  • UTI
    $101M
  • Concorde
    $52.4M

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.

Tailwinds

  • 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

Headwinds

  • Adjusted free cash flow decrease of (18)%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-1.1%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+3.7%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+18.4%

Q4 2024

Best reaction

-29.4%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-8.7%+1.9%+17.8%
Q1 2026-11.2%-2.8%+25.6%
Q4 2025-20.9%-22.3%-10.9%
Q2 2025+10.4%+6.9%+19.4%
Q1 2025+2.0%+0.6%-9.5%
Q4 2024+18.4%+30.1%+26.8%
Q3 2024-1.9%-1.1%-4.1%
Q2 2024-8.7%-9.9%-13.3%
Q1 2024+10.0%+8.2%-1.4%
Q4 2023+13.8%+13.4%+11.4%
Q3 2023+1.4%+7.9%+2.9%
Q2 2023-3.1%-4.6%+12.6%
Q1 2023-2.3%+3.4%-8.0%
Q4 2022-15.9%-9.0%-4.5%
Q3 2022-12.3%-15.4%-17.2%
Q2 2022-3.7%-16.6%-11.5%
Q1 2022+0.4%+18.2%+15.8%
Q4 2021+5.0%+22.5%+5.1%
Q3 2021+16.9%+15.3%+14.3%
Q2 2021+2.3%+5.3%+6.6%
Q1 2021-0.2%-0.6%-2.7%
Q4 2020+1.6%+6.8%+11.8%
Q3 2020+0.1%+0.0%-18.3%
Q2 2020+9.5%-5.1%+13.6%
Q1 2020+8.7%+18.4%-11.3%
Q4 2019+13.8%+24.2%+31.3%
Q3 2019+3.7%-3.2%+25.9%
Q2 2019+0.0%+4.5%+2.4%
Q1 2019-0.9%+0.9%-2.6%
Q4 2018+16.2%+13.4%+33.2%
Q3 2018-13.1%-15.6%-15.3%
Q2 2018-0.3%-1.9%+0.6%
Q1 2018+7.9%+2.8%+1.2%
Q4 2017-21.4%-21.9%-34.2%
Q3 2017+1.5%-3.3%-4.1%
Q2 2017+3.1%+3.1%+2.2%
Q1 2017+1.5%+2.1%+0.0%
Q4 2016+5.0%+9.6%+28.9%
Q3 2016-1.7%-3.9%+2.6%
Q2 2016-9.2%
Q1 2016-4.9%
Q4 2015-29.4%
Q3 2015-6.4%
Q2 2015+3.5%
Q1 2015+5.0%
Q4 2014-2.8%
Q3 2014-2.0%
Q2 2014+0.3%
Q1 2014-9.0%
Q4 2013+0.6%
Q3 2013-0.3%
Q2 2013-14.4%
Q1 2013+4.3%
Q4 2012-28.7%
Q3 2012+2.1%
Q2 2012-0.7%
Q1 2011-5.0%
Q1 2012+3.1%
Q4 2011+3.5%
Q4 2009+3.5%
Q2 2011+3.5%
Q4 2010-5.6%
Q3 2010-5.6%
Q3 2011-5.6%
Q2 2010+3.1%

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