Universal Technical Institute Reports Fiscal Year 2020 First Quarter Results
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Universal Technical Institute (UTI) Reports Q1 EPS of $0.07, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus
February 6, 2020 4:41 PM ESTUniversal Technical Institute (NYSE: UTI) reported Q1 EPS of $0.07, versus ($0.36) reported last year. Revenue for the quarter came in at $87.2 million versus the consensus estimate of $79.04 million.
First quarter revenue of $87.2 million increased 5.0% versus the prior year quarter.New student starts, excluding Norwood, MA campus, increased 7.7% for the first quarter as compared to the prior year quarter.First quarter net income of $4.7 million increased $12.4 million from the prior year quarter loss.Adjusted EBITDA(1) of $10.1 million in the first quarter increased $8.7 million versus the prior year... More