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Universal Technical Institute(UTI) - 2025 Q2 - Quarterly Report
2025-05-08 12:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number: 1-31923 UNIVERSAL TECHNICAL INSTITUTE, INC. (Exact name of registrant as specified in its charter) (State or other jurisd ...
Universal Technical Institute (UTI) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-05-07 22:21
Universal Technical Institute (UTI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this school for auto, motorcycle and marine technicians would post earnings of $0.18 per share when it actually produced earnings of $0.40, delivering a surpris ...
Universal Technical Institute(UTI) - 2025 Q2 - Earnings Call Transcript
2025-05-07 21:32
Universal Technical Institute (UTI) Q2 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Matt Kempton - VP of Corporate Finance & Investor RelationsJerome Grant - CEO and DirectorBruce Schuman - EVP & CFOMike Grondahl - Head of Equities & Director of ResearchJasper Bibb - Vice President Equity ResearchBruce Goldfarb - Managing Director- Institutional SalesRaj Sharma - Managing Director Conference Call Participants Griffin Boss - Equity Research Analyst Operator Good day, and welcome to the Un ...
Universal Technical Institute(UTI) - 2025 Q2 - Earnings Call Transcript
2025-05-07 21:30
Universal Technical Institute (UTI) Q2 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Good day, and welcome to the Universal Technical Institute's Second Quarter twenty twenty five Earnings Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your question, please press then 2. Please note this event is being recorded. I would now like to turn the ...
Universal Technical Institute(UTI) - 2025 Q2 - Earnings Call Presentation
2025-05-07 21:19
Universal Technical Institute, Inc. Q2 FY2025 Investor Presentation Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements may contain words such as "goal," "target," "future," ...
Will Universal Technical (UTI) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-24 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Universal Technical Institute (UTI) , which belongs to the Zacks Schools industry.This school for auto, motorcycle and marine technicians has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 67.78%.For the last reported quarter, Univers ...
Patterson-UTI's Earnings and Revenues Surpass Estimates in Q1
ZACKS· 2025-04-24 12:20
Core Insights - Patterson-UTI Energy, Inc. (PTEN) reported breakeven adjusted earnings per share for Q1 2025, outperforming the Zacks Consensus Estimate of a loss of 4 cents, driven by an 11.2% year-over-year reduction in costs and expenses, although the bottom line declined from 15 cents in the prior year [1] - Total revenues of $1.3 billion exceeded the Zacks Consensus Estimate by 7.7%, attributed to higher-than-expected revenues from Drilling Services and Completion Services, despite a 15.2% year-over-year decline [1] Segmental Performances - **Drilling Services**: Revenues totaled $412.9 million, down 9.8% from $457.6 million in the prior year, but beat the estimate of $405.7 million. Operating income was $76.3 million compared to $89.6 million in Q1 2024, exceeding the estimate of $63.2 million [3] - **Completion Services**: Revenues were $766.1 million, a decrease of 18.9% from $945 million in the previous year, yet surpassed the estimate of $690.7 million. Operating loss was $18.8 million compared to a profit of $49.6 million in Q1 2024, but was narrower than the estimated loss of $31.4 million [4] - **Drilling Products**: Revenues declined 4.8% to $85.7 million from $90 million in the prior year, missing the estimate of $86 million. Operating profit increased 3.5% to $6.7 million, beating the estimate of $4.3 million [5] - **Other Services**: Revenues were $15.9 million, down 10.6% from $17.8 million in the previous year, missing the estimate of $16.5 million. Operating income was $0.2 million compared to $1 million in Q1 2024, also missing the estimate of $0.5 million [6] Financial Position - PTEN spent $161.8 million on capital programs in the reported quarter, down from $226.9 million in the prior year. As of March 31, 2025, the company had cash and cash equivalents of $225.2 million and long-term debt of $1.2 billion, with a debt-to-capitalization ratio of 26% [7] - The company returned $51 million to shareholders in Q1 2025, including $20 million in share repurchases, with $741 million remaining under its share repurchase authorization [8] Q2 Outlook - **Drilling Services**: Rig activity is expected to remain steady, with a slight decline in adjusted gross profit anticipated due to lower average contracted revenues from older contracts and seasonal cost increases [10] - **Completion Services**: Activity is expected to stay stable, with a potential decline in adjusted gross profit depending on oil prices later in the quarter [11] - **Drilling Products**: Adjusted gross profit is expected to remain flat, with steady activity in the U.S. and a seasonal slowdown in Canada balanced by higher international revenues [11] - **Other Services**: A proportional decline in adjusted gross profit is expected due to the absorption and sale of parts of the Great Plains Oilfield Rental business [12]
Here's Why Momentum in Universal Technical (UTI) Should Keep going
ZACKS· 2025-04-21 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...
Here is Why Growth Investors Should Buy Universal Technical (UTI) Now
ZACKS· 2025-04-18 17:46
Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks is challenging due to their inherent risks and volatility [1] Company Summary - Universal Technical Institute (UTI) is highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 43.1%, with projected EPS growth of 34% this year, surpassing the industry average of 23.8% [4] - UTI's year-over-year cash flow growth stands at 60.3%, significantly higher than the industry average of 3.2% [5] - The annualized cash flow growth rate over the past 3-5 years is 63.3%, compared to the industry average of 7.4% [6] - There have been upward revisions in current-year earnings estimates for UTI, with the Zacks Consensus Estimate increasing by 0.5% over the past month [8] - UTI has achieved a Growth Score of A and a Zacks Rank of 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [9][10]
Patterson-UTI Energy to Post Q1 Earnings: Here's What to Expect
ZACKS· 2025-04-17 12:06
Core Viewpoint - Patterson-UTI Energy, Inc. (PTEN) is expected to report a first-quarter earnings loss of 4 cents per share and revenues of $1.19 billion, reflecting a challenging market environment and operational performance issues [1][8]. Group 1: Recent Performance - In the last reported quarter, PTEN's earnings missed the consensus estimate by 2 cents, reporting an adjusted net loss of 12 cents per share, which was wider than the expected 10-cent loss [2]. - Revenues for the last quarter were $1.2 billion, missing the Zacks Consensus Estimate by 4.2% [2]. - PTEN has beaten the Zacks Consensus Estimate in one of the last four quarters, with an average negative surprise of 37.27% [3]. Group 2: Earnings Estimates - The Zacks Consensus Estimate for first-quarter 2025 earnings indicates a 126.67% year-over-year decline, while revenues are expected to decrease by 21.25% from the previous year [3]. - The estimated operating costs for the first quarter are projected to be $1,207.5 million, down 15.2% from the same period last year [5]. Group 3: Cost Management and Strategy - PTEN's direct operating costs are expected to decrease from $1,077.1 million to $897.6 million, and depreciation, depletion, amortization, and impairment costs are anticipated to drop from $275 million to $234.7 million [6]. - The company's strategy to integrate its Drilling and Completions businesses is expected to create a sustainable competitive advantage, with advancements in natural gas-powered completion equipment enhancing its market position [7]. Group 4: Revenue Challenges - Revenues are anticipated to decline due to poor performance across several segments, including Completion Services and Drilling Services [8][9]. - Despite expected revenue declines, PTEN's cost management efforts are crucial in minimizing the financial impact in the upcoming quarter [9]. Group 5: Earnings Prediction - The model predicts an earnings beat for PTEN, supported by a positive Earnings ESP of +25.00% and a Zacks Rank of 3 [11].