Universal Technical Institute Q3 revenue rises 15.8% to $177.5 million
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.
Key points
- 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
The filing
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 August 06, 2024.
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