Keep Your Heating System Winter-Ready "With colder weather setting in, your home's heating system is working overtime," said Dereck Granados, UTI- Austin (Texas) HVACR Instructor. "Simple steps to check your furnace, filters and ventilation can help you avoid costly repairs and keep your home comfortable all season." Safe Driving Tips for the Holidays "Holiday travel is one of the most demanding times for your vehicle and your attention," said Tyler Rhodes, Education Manager Automotive / Diesel at UTI-Avond ...

HOUSTON, TX / ACCESS Newswire / December 9, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2025, the Company had an average of 93 drilling rigs operating in the United States. ...

In addition, the company is a proud partner with the Department of Defense's SkillBridge program, through which the UTI division operates on-base programs for service members and their families at Fort Bliss, Fort Bragg and Camp Pendleton. The company also works with the United Service Organizations (USO) and the U.S. Chamber of Commerce's Hiring Our Heroes initiative to offer transition workshops, career coaching and direct connections with employers. "At a moment when many white-collar entry-level market ...

Accessibility StatementSkip Navigation IONIQ 5 SUVs to be used in programs nationwide. PHOENIX, Dec. 2, 2025 /PRNewswire/ -- Universal Technical Institute (UTI), the transportation, skilled trades, electrical and energy education division Universal Technical Institute, Inc., today announced that Hyundai Motor America has donated 18 electric vehicles for use at UTI campuses nationwide. The first six IONIQ 5 SUVs are now part of coursework at UTI-Long Beach, UTI-Rancho Cucamonga, and UTI- Sacramento, allow ...

Education Institutions and Programs - Universal Technical Institute operates 15 campuses in nine states, while Concorde Career Colleges operates 17 campuses in eight states and online, focusing on transportation, skilled trades, and healthcare programs[16][17]. - Since acquiring Concorde in December 2022, the company has expanded partnerships in the healthcare market and completed 13 program expansions within Concorde's existing campuses[31]. - The company plans to launch a minimum of six new programs annually at existing campuses and open at least two new campuses each year between fiscal years 2026 and 2029[33]. - UTI has launched 23 new programs over the last three years and is constructing two new campuses expected to open in 2026[29]. - The blended learning model used by UTI combines online teaching with hands-on labs, increasing access and preparing students for modern technician roles[40]. - The blended learning model at Concorde combines online teaching with hands-on labs, increasing access and preparing students for lifelong learning[58]. - Concorde offers programs that culminate in diplomas or degrees, with tuition rates varying by program type and length[54]. - Concorde's programs are designed to prepare graduates for various healthcare-related employment opportunities across multiple campuses[59]. Job Market and Employment Opportunities - The U.S. Department of Labor estimates approximately 111,100 new job openings annually for technicians in automotive, diesel, and collision fields through 2034, with additional openings in skilled trades[21]. - The healthcare sector is projected to see an average of 1,286,700 new job openings annually through 2034, with significant demand for registered nurses and medical assistants[22][23]. - UTI has established relationships with multiple OEMs and industry partners to refine and expand its programs, enhancing employment opportunities for graduates[25][26]. - The company emphasizes maintaining effective career services to enhance graduate employment opportunities[66]. Financial Performance and Revenue - The average annual revenue per UTI student was approximately $35,100, net of scholarships or grants funded by the institution[52]. - The average annual revenue per Concorde student was approximately $30,000, net of scholarships or grants funded by the institution[62]. - Total new student starts for Concorde increased by 14.5% from 11,747 in 2024 to 13,454 in 2025[64]. - Average full-time active students at Concorde rose by 14.5% from 8,475 in 2024 to 9,705 in 2025[64]. - End of period full-time active students for Concorde grew by 11.2% from 9,747 in 2024 to 10,838 in 2025[64]. - In fiscal 2025, approximately 78% of the company's revenues were derived from Title IV Programs and various veterans' programs[100]. - The company received approximately 11% of its revenues from veterans' benefits programs in fiscal 2025[129]. Tuition and Financial Aid - UTI programs range in tuition from approximately $18,000 for the Wind Power Technician program to $69,000 for the Automotive and Diesel program[52]. - Tuition for Concorde programs ranged from approximately $1,000 for the Phlebotomy program to approximately $99,000 for the Dental Hygiene program[62]. - Approximately 58% of active UTI students received a UTI-funded scholarship or grant during the year ended September 30, 2025[52]. - Approximately 16% of Concorde's active students received a Concorde-funded scholarship or grant during the year ended September 30, 2025[62]. - Approximately 68% of Concorde's active students received funding through Concorde-sponsored retail installment contracts[62]. Regulatory Environment - The company is subject to extensive regulatory requirements imposed by federal and state agencies, affecting operations, educational programs, and financial conditions[80]. - The company holds state or SARA authorizations required to operate and offer post-secondary education programs in various states[85]. - The One Big Beautiful Bill Act, signed into law on July 4, 2025, includes provisions affecting eligibility for Title IV Programs based on compliance with earnings benchmarks[94]. - Institutions must maintain federal student loan cohort default rates below specified levels, with a threshold of 30% for consecutive fiscal years[110]. - The company must periodically renew its institutional and programmatic accreditations to maintain eligibility for Title IV Programs[87][93]. - The federal government provides substantial support for post-secondary education through Title IV Programs, including grants and loans[96]. - All institutions participating in Title IV Programs must comply with the 90/10 rule, with annual percentages of Federal education assistance funds ranging from approximately 67% to 82% as of September 30, 2025[106]. Challenges and Risks - The for-profit post-secondary education industry is highly competitive, with no single provider controlling significant market share[68]. - The company faces challenges in developing and integrating new programs to meet technological advancements, which could impair student retention and employment rates[182]. - The company is subject to competitive pressures from public and private institutions, which may offer lower tuition rates, affecting market share and enrollment[187]. - Changes to Title IV Programs by Congress could reduce student population, revenues, and profit margins due to potential funding restrictions[148]. - Loss of eligibility for veterans' benefits programs could materially affect operations and cash flows, with risks from legislative changes and compliance failures[149]. - Increased regulatory scrutiny of for-profit education institutions may lead to stricter legislation and negatively impact enrollment and financial condition[151]. - Compliance reviews and potential litigation from regulatory agencies could result in significant legal costs and affect financial condition and student enrollment[153]. Operational Strategies - The company’s "North Star strategy" focuses on growing the business by penetrating existing markets, diversifying offerings, and optimizing operational efficiency[28]. - The company relies on maintaining and expanding industry relationships to attract students and diversify funding sources; failure to do so could adversely affect financial performance[180]. - The company anticipates seeking new program and campus approvals for MIAT during fiscal 2026 after completing two years of audited financials under UTI ownership[137]. - The company must comply with restrictive covenants in debt arrangements; failure to do so could lead to an event of default and immediate repayment obligations[185]. - Future acquisitions may pose integration challenges, including regulatory approvals and capital expenditures, which could affect operating performance[175]. Student Management and Enrollment - The company is dependent on a reliable internal student management system; any issues with this system could disrupt services and negatively impact profitability[192]. - Seasonal fluctuations in student population can lead to revenue volatility, particularly with lower enrollments during the summer months[214]. - The effectiveness of marketing and advertising programs is crucial for recruiting new students, and failure in these efforts could materially impact financial performance[196]. Financial Liabilities and Compliance - The company has recorded total goodwill of $28.5 million as of September 30, 2025, resulting from acquisitions including the Motorcycle Mechanics Institute and Marine Mechanics Institute[208]. - The proprietary loan program allows students to borrow a portion of their tuition if they meet specific criteria, which could impact the company's results of operations if collection performance degrades[200]. - An increase in interest rates could raise the cost of servicing the company's debt, potentially reducing profitability and cash flows[199]. - The company may face significant repayment liability to the Department of Education (ED) if a large number of "borrower defense to repayment" claims are granted, potentially impacting financial condition and growth[169].

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Core Insights - Universal Technical Institute (UTI) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and matching the earnings from the previous year [1] - The company achieved a revenue of $222.44 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.28% and showing an increase from $196.36 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +30.77%, with a previous quarter surprise of +58.33% [2] - UTI has consistently surpassed consensus EPS estimates over the last four quarters [2] Stock Performance - UTI shares have increased by approximately 12.6% since the beginning of the year, slightly outperforming the S&P 500's gain of 12.5% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $218.61 million, and for the current fiscal year, it is $0.96 on revenues of $902.3 million [8] - The Zacks Rank for UTI is currently 4 (Sell), indicating expectations of underperformance in the near future [7] Industry Context - The Schools industry, to which UTI belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]

Financial Data and Key Metrics Changes - For fiscal year 2025, revenue reached $836 million, representing a 14% year-over-year growth, exceeding the raised guidance range [5][19] - Adjusted EBITDA for the year was $126.5 million, after strategic growth investments of $6.5 million [5][20] - Average full-time active students increased by 10.5% to 24,618, with new student starts rising by 10.8% to 29,793 [17] Business Line Data and Key Metrics Changes - The Concorde division saw a 14.5% increase in both average full-time active students and new student starts for fiscal 2025 [17] - The UTI division experienced an 8% increase in average full-time active students and a 7.9% growth in new student starts [17] Market Data and Key Metrics Changes - The demand for skilled trades and healthcare careers remains strong, with average full-time active students rising more than 10% [5] - New student starts are expected to range between 31,500 and 33,000 for fiscal 2026, driven by healthy demand trends [10] Company Strategy and Development Direction - The company is in the second phase of its North Star strategy, focusing on growth, diversification, and optimization, with plans to open three new campuses in fiscal 2026 [8][9] - Approximately 20 new programs are expected to launch across both divisions in fiscal 2026, aligned with employer demand [9][10] - The company anticipates generating over $1.2 billion in annual revenue and approaching $220 million in adjusted EBITDA by fiscal 2029 [13][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational and financial position of the company, highlighting strong demand for education in skilled trades [21] - The company expects fiscal 2026 to be a year of investment and expansion, with revenue projected between $905 million and $915 million [9][21] - Management noted that the growth story is not linear, with fiscal 2026 and 2027 being build years, and significant returns expected in fiscal 2028 and beyond [11][24] Other Important Information - The company faced temporary delays in cash disbursements due to the Department of Education's verification process, but this is not expected to have long-term impacts [20][34] - Total available liquidity at the end of the quarter was $254.5 million, including short-term investments and remaining capacity on the revolving credit facility [20] Q&A Session Summary Question: What are the expectations for start growth in 2026 between UTI and Concorde segments? - Management expects roughly 8-9% start growth for 2026, similar to the previous year [29][30] Question: Can you clarify the campus openings? - The company plans to open between two and five campuses annually across both divisions [32] Question: What impact has the Department of Education's ID verification measures had on productivity? - Management reported no impact on front-end productivity, with only temporary cash collection delays [34] Question: How did high school recruiting efforts perform compared to expectations? - High school recruiting met expectations, with plans to add resources for 2026 [37][38] Question: What are the tuition increase expectations for 2026? - The company anticipates a 2-3% price increase, varying by program and market [39][40] Question: Can you clarify the expectations for adjusted EBITDA growth starting in 2027? - Marginal growth in adjusted EBITDA is expected over 2026 numbers, with significant growth anticipated in 2028 and 2029 [46] Question: What is the revenue potential of the new campuses once scaled? - Salt Lake City is expected to generate $40 million-$45 million in revenue, while Concorde campuses are projected to bring in $20 million-$25 million [51][52][54]

Financial Data and Key Metrics Changes - For fiscal year 2025, revenue reached $836 million, representing a 14% year-over-year growth, exceeding the raised guidance range [5][17] - Adjusted EBITDA for the year was $126.5 million, after strategic growth investments of $6.5 million [5][17] - Consolidated net income for the fourth quarter was $18.8 million, or $0.34 per diluted share, and for the full year, it was $63 million, or $1.13 per diluted share [17][18] Business Line Data and Key Metrics Changes - The Concorde division saw a 14.5% increase in both average full-time active students and new student starts for fiscal 2025 [16] - The UTI division experienced an 8% increase in average full-time active students and a 7.9% growth in new student starts [16] - Average full-time active students for the full year increased by 10.5% to 24,618, while new student starts rose by 10.8% to 29,793 [16] Market Data and Key Metrics Changes - The demand for skilled trades and healthcare careers remains strong, with new student starts expected to range between 31,500 and 33,000 for fiscal 2026 [10][20] - The company plans to open three new campuses in fiscal 2026, expanding its reach in fast-growing metropolitan areas [8][9] Company Strategy and Development Direction - The company is in the second phase of its North Star strategy, focusing on growth, diversification, and optimization, with plans to launch approximately 20 new programs in fiscal 2026 [4][9] - The operational priorities for fiscal 2026 include expanding campus footprint, launching new programs at scale, and growing the student base while maintaining quality [8][10] - The company anticipates generating over $1.2 billion in annual revenue and approaching $220 million in adjusted EBITDA by fiscal 2029 [13][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational and financial position, indicating that fiscal 2026 will be a year of investment and expansion [14][20] - The company expects revenue growth to average about 10% over the next several years, with strategic investments leading to margin expansion starting in 2027 [12][24] - Management noted that the demand for skilled trades is intensifying, with significant opportunities in various sectors [46][50] Other Important Information - The company faced temporary delays in cash disbursements due to the Department of Education's verification process, but this is expected to normalize soon [19][29] - The company plans to invest approximately $100 million annually in capital expenditures to support campus growth and modernization [24][23] Q&A Session Summary Question: What are the expectations for start growth in 2026 between UTI and Concorde segments? - Management expects roughly 8-9% start growth for 2026, similar to the previous year [27] Question: Clarification on campus openings? - The company clarified that the expectation is to open between two and five campuses annually across both divisions [28] Question: Impact of Department of Education's ID verification measures? - Management confirmed no impact on front-end productivity, with only temporary delays in cash collection [29] Question: How did high school recruiting efforts perform? - High school recruiting met expectations, with plans to add resources for 2026 [30] Question: Tuition increases for 2026? - The company anticipates a 2-3% price increase, varying by program and market [32] Question: Revenue potential of new campuses? - Salt Lake City is expected to generate $40-45 million in revenue at peak, similar to Atlanta [38][42] Question: Employment trends across programs? - Demand for graduates remains strong, with no signs of slowdown in employment opportunities [46]

Universal Technical Institute, Inc. Q4 FY2025 Investor Presentation 1 Forward-Looking Statements 25k Avg Active Students 4 / 5 Grads Employed Within 1 Year2 35+ Program Offerings Healthcare Transportation, Energy, and Skilled Trades Addressing Skills Gaps Through 2 In-Demand Industry Segments 32 Campuses Nationwide +6 announced1 $905-915M FY2026 Revenue Guidance $114-119M Strong Financial Outlook* $40-45M FY2026 Net Income Guidance North Star Strategy Phase II "By fiscal 2029, we expect to surpass $1.2 bill ...