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]

Financial Outlook - The company projects FY2026 revenue between $905 million and $915 million[8] - FY2026 net income is guided to be between $40 million and $45 million[8] - The company anticipates FY2026 adjusted EBITDA to be between $114 million and $119 million[8, 10] - By fiscal year 2029, the company expects to surpass $1.2 billion in annual revenue and approach $220 million in adjusted EBITDA[8] Business Performance & Strategy - Universal Technical Institute (UTI) reported approximately 25,000 average active students[7] - UTI's graduates have a 4/5 employment rate within one year of graduation[7] - UTI offers 35+ program offerings in healthcare, transportation, energy, and skilled trades[7] - The company operates 32 campuses nationwide, with 6 additional campuses announced[7] - UTI's North Star Strategy Phase II aims to build a more diversified, efficient, and durable growth engine[8] Divisions Overview - The UTI Division generated $542 million in revenue in FY2025 with approximately 15,000 average students[15, 57] - The Concorde Division generated $294 million in revenue in FY2025 with approximately 10,000 average students[15, 66]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Financial Performance - Full year revenue for fiscal 2025 was $835.6 million, representing a 14.0% increase year-over-year[5] - Full year net income reached $63.0 million, a significant increase of 50.0% compared to the previous year[5] - Adjusted EBITDA for the full year was $126.5 million, reflecting a 22.9% increase year-over-year[5] - Revenues for the three months ended September 30, 2025, were $222,442,000, representing an increase of 13.3% compared to $196,358,000 for the same period in 2024[28] - Net income for the twelve months ended September 30, 2025, was $63,018,000, up 50.0% from $42,001,000 in 2024[28] - The company reported a basic earnings per share of $1.16 for the twelve months ended September 30, 2025, compared to $0.77 in 2024, reflecting a growth of 50.6%[28] - UTI's revenue for Q3 2025 was $144,648, up from $130,545 in Q3 2024, representing an increase of 10.8%[34] - Net income for Q3 2025 was $18,756, compared to $18,840 in Q3 2024, reflecting a slight decrease of 0.4%[34] - Adjusted EBITDA for Q3 2025 was $36,779, compared to $37,309 in Q3 2024, indicating a decrease of 1.4%[37] - For the twelve months ended September 30, 2025, consolidated net income was $63,018 thousand, an increase from $42,001 thousand in the previous year[38][39] - Adjusted EBITDA for the twelve months ended September 30, 2025, was $126,455 thousand, compared to $102,855 thousand for the same period in 2024, reflecting a growth of approximately 23%[38][39] Student Enrollment and Growth - Average full-time active students increased by 10.5% to 24,618, with total new student starts of 29,793, up 10.8% from the prior year[5] - Total new student starts for Q3 2025 reached 12,109, a year-over-year increase of 5.4% compared to 11,492 in Q3 2024[33] - Total new student starts for the year ended September 30, 2025, were 29,793, a year-over-year increase of 10.8% from 26,885[33] - The end of period full-time active students for Q3 2025 was 27,679, an increase of 8.0% from 25,620 in Q3 2024[33] - Average full-time active students for the year ended September 30, 2025, was 24,618, a decline of 10.5% from 22,285 in the previous year[34] Future Projections - For fiscal 2026, the company expects revenue between $905 million and $915 million, indicating approximately 9% year-over-year growth at the midpoint[10] - Projected adjusted EBITDA for fiscal 2026 is expected to exceed $150 million, with reported adjusted EBITDA projected between $114 million and $119 million[10] - By fiscal 2029, the company anticipates surpassing $1.2 billion in annual revenue and approaching $220 million in adjusted EBITDA[10] - The company plans to launch new programs next year, aiming for double-digit growth regardless of economic conditions[23] Expenses and Liabilities - Total operating expenses for the twelve months ended September 30, 2025, were $752,147,000, an increase of 11.6% from $673,796,000 in 2024[28] - Total operating expenses for Q3 2025 were $197,456, an increase from $170,336 in Q3 2024, marking a rise of 15.9%[35] - The company incurred $42.0 million in cash capital expenditures for fiscal 2025, primarily for program expansions and upgrades[8] - The company’s total liabilities rose to $498,029,000 as of September 30, 2025, up from $484,344,000 in 2024, an increase of 2.8%[30] - Cash and cash equivalents decreased to $127,361,000 as of September 30, 2025, from $161,900,000 in 2024, a decline of 21.3%[30] - Total assets increased to $826,139,000 as of September 30, 2025, compared to $744,575,000 in 2024, marking an increase of 10.9%[30] Credit Losses and Costs - The provision for credit losses increased significantly to $22,144,000 in 2025 from $7,547,000 in 2024, indicating a rise of 194.5%[32] - The company incurred acquisition-related costs of $873 thousand in 2025, compared to no such costs in 2024[40] - Integration-related costs for completed acquisitions were $304 thousand in 2025, down from $6,196 thousand in 2024[40] - Stock-based compensation expense for the twelve months ended September 30, 2025, totaled $9,151 thousand, compared to $8,560 thousand in 2024[38][39]

Core Insights - Universal Technical Institute, Inc. reported exceptional financial results for fiscal year 2025, exceeding guidance in revenue, net income, adjusted EBITDA, diluted EPS, and new student starts, with a 14% year-over-year revenue growth [2][6][8] - The company is entering a new growth phase, planning to open 2 to 5 new campuses and launch approximately 20 new programs annually across its divisions [3][8] Financial Performance - Fiscal 2025 revenue reached $835.6 million, a 14% increase from the previous year, while net income rose by 50% to $63.0 million [6][8] - Adjusted EBITDA for the year was $126.5 million, reflecting a 22.9% increase year-over-year [6][8] - Average full-time active students increased by 10.5% to 24,618, with new student starts totaling 29,793, up 10.8% from the prior year [8] Operational Highlights - The company achieved double-digit increases in both average full-time active students and new student starts, indicating strong demand for its programs [6][8] - The North Star strategy is in its second phase, focusing on scalable growth and maintaining high-quality education [2][3] Future Outlook - For fiscal 2026, the company expects revenue between $905 million and $915 million, representing approximately 9% growth year-over-year [7][8] - Adjusted EBITDA is projected to exceed $150 million, with reported adjusted EBITDA expected between $114 million and $119 million, accounting for growth investments [7][8] - By fiscal 2029, the company anticipates surpassing $1.2 billion in annual revenue and approaching $220 million in adjusted EBITDA [7][8] Balance Sheet and Liquidity - As of September 30, 2025, total available liquidity was $254.5 million, including $127.4 million in cash and cash equivalents [5][8] - Total debt stood at $87.1 million, with $42.0 million in cash capital expenditures primarily for program expansions and facility improvements [5][8]

Core Insights - Universal Technical Institute, Inc. is accelerating its North Star strategy to tackle the shortage of skilled workers in the U.S. [1] - The company announced the first three planned new campus locations for fiscal 2027 [1] Company Overview - Universal Technical Institute (UTI) provides education programs in transportation, skilled trades, electrical, and energy sectors [1] - Concorde Career Colleges focuses on education in dental, nursing, diagnostic, and allied health professions [1]

Core Insights - The market continues to perceive Universal Technical Institute (UTI) as a conventional vocational school focused on mechanics and diesel training, overlooking its significant transformation through strategic acquisitions like Concorde Career Colleges, which marks a critical turning point for the company [1] Company Analysis - Universal Technical Institute has undergone a transformation that is not fully recognized by the market, indicating potential undervaluation [1] - The acquisition of Concorde Career Colleges is highlighted as a pivotal moment in UTI's evolution, suggesting a shift in its educational offerings and market positioning [1] Industry Context - The perception of vocational schools is evolving, and companies like UTI that adapt through acquisitions may have a competitive advantage in the changing educational landscape [1]

Core Insights - Patterson-UTI Energy, Inc. reported an average of 94 drilling rigs operating in the United States for October 2025 [1] Company Summary - The company is actively engaged in drilling operations, maintaining a significant number of rigs in operation [1]

Core Points - Universal Technical Institute, Inc. will hold a conference call on November 19, 2025, at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal fourth quarter and full year ended September 30, 2025 [1][2] - The conference call will be hosted by CEO Jerome Grant and CFO Bruce Schuman, followed by a question-and-answer session [2] - A telephonic replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through December 3, 2025 [3] Company Overview - Universal Technical Institute, Inc. is a leading workforce solutions provider founded in 1965, serving students, partners, and communities nationwide [3] - The company operates two divisions: UTI and Concorde Career Colleges, offering high-quality education and support services for in-demand careers [3] - UTI operates 15 campuses in nine states, providing training programs in transportation, skilled trades, electrical, and energy sectors, while Concorde operates across 17 campuses in eight states and online, focusing on allied health, dental, nursing, patient care, and diagnostic fields [3]