Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Universal Technical Institute (UTI)

Universal Technical Institute raises fiscal 2024 guidance after Q2 revenue rises 12.4%

Positive Impact 4 of 5 guidance Written later

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.

Key points

  • 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%

The filing

CompanyUniversal Technical Institute (UTI)
Form8-K, current report
Filed with the SECMay 8, 2024, 4:10 PM ET
Accession number0001261654-24-000042

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.