CANTON, Mich., Nov. 12, 2024 /PRNewswire/ -- UTI-Canton (formerly MIAT-Canton) today announced it has received the silver-level award from the Michigan Veterans Affairs Agency, designating the campus as a veteran-friendly institution. UTI is Universal Technical Institute, Inc.'s transportation, skilled trades, and energy education division.The Michigan Veteran-Friendly Schools Program recognizes academic institutions committed to supporting the needs of veterans and military-connected students. UTI-Canton p ...

th n sasacvetkovic33 What bothers me most by the soft-landing talk on Wall Street is the fact commodity cycles require a downside. If you skip downturns to cool demand and rebalance supply, you will find yourself in an endless mathentatical loop of shortages, where prices climb or are flat, year after year. I don't think the average Wall Street analyst small retail investor understands the "need" for recessions. At the same time, everyone likes to complain about nising inflation. Well, you cannot have your ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales. In add ...

Financial Data and Key Metrics Changes - For fiscal year 2023, the company reported revenue of $607.4 million, exceeding the high-end of guidance, and adjusted EBITDA of $64.2 million, also above expectations [11][36] - Consolidated revenue for Q4 increased by 53.9% to $170.3 million, driven by a $55 million contribution from Concorde and a 4.2% year-over-year growth for the UTI division [36] - Consolidated net income for Q4 was $6.7 million, or $0.10 per diluted share, while for the full year, it was $12.3 million, or $0.13 per diluted share [37] Business Line Data and Key Metrics Changes - The UTI division contributed $429.3 million in revenue with a 2.5% year-over-year growth, while Concorde contributed $178.1 million for the 10 months post-acquisition [36] - UTI experienced a 9% growth in new student starts in Q4, with a total of 22,613 new student starts for the year [11][34] - Concorde launched three new programs in November 2023, including Diagnostic Medical Sonography and Cardiovascular Sonography [15] Market Data and Key Metrics Changes - The company reported strong demand for Concorde's programs, with new student starts in a Cardiovascular Sonography program in Florida and an online Respiratory Therapy program [22] - The Austin and Miramar campuses, launched in 2022, now have nearly 1,100 students combined, indicating a positive trajectory [18] Company Strategy and Development Direction - The company is focused on a multi-year growth and diversification strategy, including expanding into healthcare through the acquisition of Concorde [13][55] - Key focus areas for 2024 include ramping up new campuses, driving enrollment growth, and optimizing marketing and admissions investments [29][51] - The company aims to achieve adjusted EBITDA margins approaching double digits for Concorde in fiscal 2024 [46] Management's Comments on Operating Environment and Future Outlook - Management indicated that while there are no significant macroeconomic tailwinds, they are not facing strong headwinds either, suggesting a stable operating environment [66] - The company expects revenue for fiscal 2024 to be between $705 million and $715 million, representing a growth rate of 16% to 18% year-over-year [43] - Management expressed confidence in achieving fiscal 2024 guidance, which would more than double revenue from fiscal 2021 [55] Other Important Information - Total available liquidity at the end of the quarter was $159.7 million, with total debt approximately $162 million [39] - The company plans to replace adjusted net income with GAAP net income as a guidance metric for fiscal 2024 [47] Q&A Session Summary Question: What are the growth drivers for 2024? - Management identified four key drivers: full year of Concorde, program expansions, UTI organic growth, and Concorde organic growth [63][64] Question: How does the macro environment affect the company? - Management noted that while the macro environment is not providing significant tailwinds, they are not experiencing strong headwinds either, indicating a stable growth outlook [66] Question: What is the expected performance of high school versus young adult student starts? - Management expects continued strong performance in high school starts, supported by investments made in that area [77] Question: What is the status of the 90/10 rule and gainful employment updates? - The company is in the high 60% range for the 90/10 rule and does not foresee any material risk from gainful employment updates [80][81] Question: How is inflation impacting the company? - Management indicated that inflationary pressures are subsiding, and they are not experiencing significant staffing issues [93][100] Question: What is the status of the Series A preferred stock conversion? - Management expressed optimism about achieving the conversion trigger based on recent trading momentum [96]

Universal Technical Institute, Inc. Q4 2023 Investor Presentation November 15, 2023 Forward-Looking Statements Investor Presentation 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 word ...

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 June 30, 2023 ☐ 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 jurisdi ...

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 December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ 4225 East Windrose Drive, Suite 200 Phoenix, Arizona 85032 (Address of principal executive offices, including zip code) Commission File Number ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 ☐ 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 jurisdictio ...

Universal Technical Institute Investor Presentation August 3, 2022 2022 Universal Technical Institute, Inc. All rights reserved. For additional financial information please see Company public filings and the Financials section of our investor website 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 Sec ...

Universal Technical Institute, Inc. (NYSE:UTI) Q2 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Matthew Kempton - VP of Corporate Finance Jerome Grant - CEO Troy Anderson - CFO Conference Call Participants Rajiv Sharma - B. Riley FBR Mark Hagan - Lake Street Capital Markets Operator Good day, and welcome to the Universal Technical Institute's Second Quarter Fiscal Year 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After toda ...