Universal Technical Institute Q1 2024 Financial Supplement

Universal Technical Institute reported Q1 FY24 revenue of $174.7 million with net income of $10.4 million, raising full-year guidance across revenue, EBITDA, and EPS metrics. The company's UTI division achieved 9.3% year-over-year revenue growth with 2,314 new student starts, while the Concorde segment contributed a full quarter of results following its acquisition close in December 2022. New program expansions and strong liquidity position support the company's growth trajectory.