UTI earnings analysis
What we found in UTI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Universal Technical Institute reported Q2 FY2026 results with revenues of $221.4 million, up 6.7% year-over-year, slightly exceeding estimates. However, diluted EPS of $0.01 fell short of the $0.04 estimate, attributed largely to strategic growth expenses. Management highlighted a focus on increasing student enrollments and opening new campuses as part of their diversified growth strategy.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Above Estimates
- Q2 FY2026 revenue reached $221.4 million, beating estimates of $221.2 million.
- EPS Misses Expectations
- Diluted EPS was $0.01, missing the estimate of $0.04.
- Active Student Enrollment Growth
- Average full-time active students increased by 7.2% to 26,385 compared to the previous year.
- Strategic Growth Initiatives
- Investment of approximately $11 million in strategic growth for upcoming programs and campuses.
- Segment Revenue Increases
- UTI segment revenue rose by 6.3% and Concorde by 7.5%.
- Operating Cash Flow
- Net cash provided by operating activities was $7.1 million for the six-months ended.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Net Income Decline
- Net income dropped to $433,000 from $11.4 million year-over-year.
- Increased Strategic Expenses
- Operating expenses surged to $426.2 million, up 16.9% due to growth initiatives.
- Higher Student-Related Costs
- Increased student related expenses contributed to the overall rise in operational spending.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.01
- Segment
- UTI: $142.7M (6.3% growth)
- Segment
- Concorde: $78.7M (7.5% growth)
What they said about what is next.
Full-year guidance is reaffirmed with a focus on growth and program expansion.
The filing reads about the same as the one before it.
What came before.
- 10-Q · February 8, 2024
- Universal Technical Institute reported strong year-over-year revenue and profitability improvement for the quarter ended December 31, 2023: revenue rose to $174.7M (from $120.0M) and operating income expanded to $14.2M…
- 10-Q · May 9, 2023
- Universal Technical Institute reported strong revenue growth in the quarter: revenue of $163,820,000 (3 months ended March 31, 2023) up $61,734,000 (≈60.5%) year-over-year and up $43,816,000 (≈36.5%) versus the prior…
- 10-Q · February 9, 2023
- Universal Technical Institute reported quarterly revenue of $120,004,000 (up $14,929,000 or ~14.2% vs. $105,075,000 a year ago) driven by its December 1, 2022 Concorde acquisition and other growth, but operating profit…
- 10-K · December 12, 2022
- Universal Technical Institute (UTI) emphasizes growth through acquisitions, campus openings and program diversification while leveraging industry OEM relationships and manufacturer-specific training. The 10-K highlights…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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