UNIVERSAL TECHNICAL INSTITUTE INC

Universal Technical Institute reported a significant decline in net income for the third quarter and nine months ended June 30, 2026, despite revenue growth. Net income for Q3 fell by 79% to $2.3 million, and diluted EPS dropped to $0.04. Year-to-date net income also decreased by 65%. The company saw a 7% increase in Q3 revenue and an 8% increase year-to-date, alongside a substantial increase in long-term debt and capital expenditures, supporting its expansion strategy including a new campus opening in Atlanta.

Universal Technical Institute reported its fiscal year 2026 third-quarter results, with revenue increasing 7.2% to $218.9 million. However, net income decreased to $2.3 million and Adjusted EBITDA fell 27.8% to $18.2 million, primarily due to $9.0 million in strategic growth expenses related to new campus launches and program expansions. The company saw strong operational growth with new student starts up 10.9% and average full-time active students up 5.8%. While reaffirming confidence in its long-term 'North Star' strategy, the company revised its fiscal 2026 guidance downwards for revenue, net income, and Adjusted EBITDA, citing timing and mix considerations rather than a change in underlying demand.

Universal Technical Institute reported a significant decline in net income for Q2 2026, dropping 96.2% to $0.433 million, despite a 6.7% increase in revenue to $221.4 million. Diluted EPS also saw a sharp decrease to $0.01. For the six months ended March 31, 2026, net income was down 60.5% to $13.26 million, and net cash from operating activities decreased by 68.1%. The company also announced expansion plans, signing leases for four new campuses and one relocation, representing $88.9 million in future lease payments.

Universal Technical Institute reported its second-quarter fiscal 2026 results, with revenue increasing 6.7% to $221.4 million. However, net income decreased significantly to $0.4 million from $11.4 million in the prior year, and Adjusted EBITDA fell 51.0% to $14.1 million, primarily due to $11 million in strategic growth expenses. The company saw robust operational growth with average full-time active students up 7.2% and new student starts up 13.8%, and reaffirmed its full-year guidance, expressing confidence in its North Star strategy and future growth.