Every material Form 8-K Universal Technical Institute has filed with the SEC since May 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On August 12, 2026, Universal Technical Institute entered a five-year senior secured revolving credit agreement with Fifth Third Bank and four other lenders, replacing its existing credit agreement in full. The new facility is larger than the prior $125 million facility and matures in August 2031, and the company's subsidiaries guarantee the debt and secure it with their assets, subject to certain exceptions.
Facility of up to $200 million, up from $125 million in the existing facility, with a $15 million swingline sublimit and a $75 million letter of credit sublimit
Uncommitted incremental capacity of up to $75 million in aggregate; facility matures in August 2031
Universal Technical Institute reported fiscal third-quarter 2026 results for the quarter ended June 30, 2026, with revenue up 7.2% to $218.9 million while net income fell to $2.3 million, driven mainly by strategic growth expenses. The company lowered its fiscal 2026 outlook for revenue, net income, diluted EPS and Adjusted EBITDA, which lowers expected earnings for shareholders this year.
Q3 revenue $218.9 million, up 7.2% from $204.3 million; net income $2.3 million vs. $10.7 million a year earlier
Q3 diluted EPS $0.04 vs. $0.19; Adjusted EBITDA $18.2 million vs. $25.3 million, including $9.0 million in strategic growth investments
FY2026 net income guidance cut to $32 million-$36 million from $40 million-$45 million; diluted EPS to $0.57-$0.64 from $0.71-$0.80
FY2026 revenue guidance cut to $893 million-$900 million from $905 million-$915 million; Adjusted EBITDA to $100 million-$103 million from $114 million-$119 million
Universal Technical Institute reported fiscal 2026 second-quarter results for the period ended March 31, 2026. Revenue rose 6.7% to $221.4 million, but net income fell to $0.4 million from $11.4 million, which the company attributed to strategic growth expenses. The company reaffirmed its full-year fiscal 2026 guidance across all metrics.
Q2 revenue of $221.4 million, up 6.7% from $207.4 million a year earlier.
Q2 net income of $0.4 million, or $0.01 per share, versus $11.4 million, or $0.21 per share, in the prior-year quarter.
Adjusted EBITDA of $14.1 million, down 51.0%, including $11 million in strategic growth expenses.
Full-year fiscal 2026 guidance reaffirmed; total available liquidity was $202.4 million at March 31, 2026.
Universal Technical Institute reported first-quarter fiscal 2026 results for the period ended December 31, 2025, with revenue up 9.6% to $220.8 million while net income fell to $12.8 million from $22.2 million, mainly due to strategic growth expenses. The company reiterated its fiscal 2026 guidance, which includes revenue of $905 million to $915 million, so shareholders see higher sales but lower profit in the quarter with the full-year outlook unchanged.
Revenue rose 9.6% to $220.8 million from $201.4 million; operating expenses rose 17.9% to $205.2 million.
Net income was $12.8 million versus $22.2 million a year earlier; diluted EPS was $0.23 versus $0.40.
Adjusted EBITDA fell 23.5% to $27.1 million, which the company attributed to $7.6 million in strategic growth expenses.
Fiscal 2026 guidance was reiterated: revenue of $905 million to $915 million and reported adjusted EBITDA of $114 million to $119 million.
Universal Technical Institute reported fiscal 2025 revenue of $835.6 million, up 14.0%, and net income of $63.0 million, up 50.0%, with diluted EPS of $1.13 versus $0.75. For fiscal 2026 it guided to net income of $40 million to $45 million and diluted EPS of $0.71 to $0.80, both down 33% at the midpoint, and it said planned growth investments will temporarily moderate margins.
FY2025 revenue $835.6 million, up 14.0%; net income $63.0 million, up 50.0%; diluted EPS $1.13 versus $0.75
Q4 FY2025 revenue $222.4 million, up 13.3%; Q4 net income $18.8 million, flat versus $18.8 million; Q4 adjusted EBITDA $36.8 million, down 1.4%
FY2026 guidance: revenue $905 million to $915 million; net income $40 million to $45 million; adjusted EBITDA $114 million to $119 million versus $126.5 million in FY2025
Company expects to open at least two and up to five campuses and launch about 20 new programs annually, pending regulatory approval
Universal Technical Institute reported fiscal 2025 third-quarter revenue of $204.3 million, up 15.1%, and net income of $10.7 million, up 113.9%. The company raised the low end of its fiscal 2025 revenue and new student start guidance, and said the Department of Education lifted core growth restrictions on its Concorde division.
Q3 revenue $204.3 million, up 15.1%; net income $10.7 million, up 113.9%; diluted EPS $0.19 versus $0.09.
Fiscal 2025 revenue guidance low end raised to $830 million–$835 million from $825 million–$835 million; new student starts low end raised to 29,500 from 29,000.
Fiscal 2025 net income, diluted EPS, adjusted EBITDA and adjusted free cash flow guidance were unchanged.
Department of Education lifted core growth restrictions on Concorde; the company plans to accelerate Concorde expansion one year ahead of plan.
Universal Technical Institute reported fiscal second-quarter 2025 revenue of $207.4 million, up 12.6%, and net income of $11.4 million, up 47.0%, with diluted EPS of $0.21 versus $0.14. The company raised its full-year fiscal 2025 guidance across its key metrics, including revenue of $825 million to $835 million, which points to stronger expected results for shareholders.
Q2 revenue of $207.4 million, up from $184.2 million; net income of $11.4 million, up from $7.8 million
Diluted EPS of $0.21 for the quarter ended March 31, 2025, compared with $0.14 a year earlier
FY2025 revenue guidance raised to $825 million-$835 million from $810 million-$820 million; diluted EPS guidance raised to $1.00-$1.08 from $0.96-$1.04
FY2025 adjusted EBITDA guidance raised to $124 million-$128 million from $122 million-$126 million
Universal Technical Institute named Todd Hitchcock chief operating officer effective immediately, and he will also serve as principal operating officer. The company also appointed Adrienne DeTray as chief information officer and said its executive leadership team is now complete. The release states that first-quarter fiscal 2025 revenue, Adjusted EBITDA and new student starts improved year over year and that the company raised its fiscal-year guidance ranges.
Todd Hitchcock, previously EVP and Chief Strategy and Transformation Officer, became COO effective March 31, 2025, and will oversee the UTI and Concorde divisions
Hitchcock's base salary increased to $500,000 for fiscal 2025, and his fiscal 2025 long-term incentive awards were increased to $800,000
Adrienne DeTray was appointed Chief Information Officer effective immediately; she previously served as CIO at Adtalem Global Education
The company says the second phase of its North Star strategy is expected to deliver approximately 10% revenue CAGR and Adjusted EBITDA margin of nearly 20 percent through fiscal 2029
Universal Technical Institute named Bruce Schuman Chief Financial Officer effective March 17, 2025, replacing Christine Kline as interim CFO; Kline returns full-time to her role as Vice President, Chief Accounting Officer. Schuman previously served as CFO of Vacasa from June 2023 to March 2025, and the company's press release says Q1 fiscal 2025 revenue, Adjusted EBITDA and new student starts improved year over year and that fiscal 2025 guidance ranges were increased.
Schuman's annual base salary is $475,000, with a target cash incentive of 65% of base salary.
Initial equity grant: $650,000 in time-vested restricted stock units and $350,000 in performance stock units.
Kline resigned as interim CFO and principal financial officer effective March 17, 2025.
The company expects approximately 10% revenue CAGR and Adjusted EBITDA margin near 20% through fiscal 2029 under its North Star strategy.
Universal Technical Institute reported first-quarter fiscal 2025 results for the period ended December 31, 2024, with revenue of $201.4 million, up 15.3%, and net income of $22.2 million, up 113.2%. The company raised its fiscal 2025 guidance ranges for revenue, net income, diluted EPS, adjusted EBITDA, adjusted free cash flow and new student starts.
Revenue rose 15.3% to $201.4 million from $174.7 million; net income rose to $22.2 million from $10.4 million.
Diluted EPS was $0.40, compared with $0.17 a year earlier; operating expenses rose 8.4% to $174.0 million.
Revised fiscal 2025 revenue guidance is $810 million to $820 million, up from $800 million to $815 million.
Revised fiscal 2025 diluted EPS guidance is $0.96 to $1.04, up from $0.93 to $1.01; adjusted EBITDA guidance is $122 million to $126 million.
Universal Technical Institute reported fiscal 2024 fourth-quarter and full-year results, with revenue and net income both higher than the prior year. The company also set fiscal 2025 guidance calling for revenue of $800-815 million and net income of $52-56 million, which would be increases over fiscal 2024 results. Adjusted free cash flow guidance of $58-62 million is below the $73.5 million reported for fiscal 2024, and beginning in fiscal 2025 growth investments will no longer be added back to Adjusted EBITDA.
Fourth-quarter revenue rose 15.3% to $196.4 million; net income was $18.8 million versus $6.7 million a year earlier.
Fiscal 2024 revenue was $732.7 million, up 20.6%, and net income was $42.0 million; diluted EPS was $0.75 versus $0.13.
Fiscal 2025 guidance: revenue $800-815 million, net income $52-56 million, diluted EPS $0.93-1.01, Adjusted EBITDA $120-124 million.
Fiscal 2025 adjusted free cash flow guidance is $58-62 million, down from $73.5 million in fiscal 2024, and assumes about $55 million of total capex.
Universal Technical Institute entered a Third Amendment to its credit agreement with Fifth Third Bank on September 26, 2024. The amendment raises the revolving loan commitment to $125.0 million, adds a $25.0 million accordion feature, extends maturity to November 30, 2027, and eliminates the credit spread adjustment. The filing gives no figures on borrowings drawn and no operating results, so the effect on shareholders is limited to the expanded borrowing capacity and longer maturity.
Revolving loan commitment increased to $125.0 million
Adds a $25.0 million accordion feature
Maturity extended to November 30, 2027
Credit spread adjustment eliminated; amendment is with lender Fifth Third Bank
Chief Financial Officer Troy Anderson resigned effective October 11, 2024, to take a position outside the company. Chief Accounting Officer Christine Kline will become interim CFO on that date while the company conducts a national search for a permanent replacement. The company said the departure does not stem from any disagreement over accounting, financial policies, or financial statements.
Troy Anderson notified the company on September 5, 2024, and his resignation takes effect October 11, 2024.
Christine Kline, 46, Vice President and Chief Accounting Officer since December 2023, will serve as interim CFO and report to CEO Jerome Grant.
The company is conducting a national search for a permanent CFO.
The company stated the resignation is not the result of any dispute over accounting or financial matters.
Universal Technical Institute reported fiscal 2024 third-quarter results for the period ended June 30, 2024, with revenue up 15.8% to $177.5 million and net income of $5.0 million, compared with a net loss of $0.5 million a year earlier. The company reiterated its full-year fiscal 2024 guidance and its initial fiscal 2025 projections, and said it expects revenue and new student starts to trend toward the higher end of its guidance ranges.
Revenue of $177.5 million, up from $153.3 million in the prior-year quarter
Net income of $5.0 million, or $0.09 per share basic and diluted, versus a loss of $(0.05) per share a year earlier
Full-year fiscal 2024 guidance reiterated; revenue and new student starts trending toward the higher end of ranges
Fiscal 2025 initial projections reiterated, including revenue of nearly $800 million
Universal Technical Institute reported fiscal 2024 second-quarter revenue of $184.2 million, up 12.4% from a year earlier, and net income of $7.8 million, up from $3.5 million. The company raised its full-year fiscal 2024 guidance for revenue, net income, diluted EPS and adjusted EBITDA, and gave initial fiscal 2025 projections that include revenue of nearly $800 million.
Q2 revenue of $184.2 million, up 12.4% from $163.8 million; diluted EPS of $0.14 versus $0.04
Fiscal 2024 revenue guidance raised to $720 million to $730 million from $710 million to $720 million
Fiscal 2024 net income guidance raised to $37 million to $41 million from $36 million to $40 million
Initial fiscal 2025 projections: revenue of nearly $800 million and adjusted EBITDA margin of approximately 15%
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