The chart below shows how UTI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UTI sees a -2.54% change in stock price 10 days leading up to the earnings, and a +1.12% change 10 days following the report. On the earnings day itself, the stock moves by +0.47%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q4 Revenue Surge: Revenue increased 15.3% to $196.4 million in Q4 2024, with Concorde contributing $65.8 million, a 19.7% increase year-over-year.
Annual Contribution Growth: Concorde's contribution for the full year was $246.3 million, a 38.3% increase over the prior year, while UTI contributed $486.4 million, representing a 13.3% increase.
Student Enrollment Surge: Total new student starts for fiscal 2024 exceeded expectations with 26,885 starts, including 11,492 in Q4, reflecting a 10.6% increase year-over-year.
Net Income Exceeds Guidance: Net income for the full year was $42 million, or $0.75 per diluted share, exceeding the upper end of guidance range.
EBITDA Improvement Highlights: Adjusted EBITDA improved significantly by 60% to $102.9 million for the full year, demonstrating strong operational performance.
Negative
Student Enrollment Surge: Total new student starts increased year-over-year by roughly 19% for the fiscal year, which exceeded the upper end of our guidance for the year.
Division Revenue Increases: Concorde contributed $246.3 million, an increase of 38.3% over the prior year, while the UTI division contributed $486.4 million, representing a 13.3% increase over the prior year.
Quarterly and Annual Net Income: Consolidated net income for the fourth quarter was $18.8 million or $0.34 per diluted share and $42 million or $0.75 per diluted share for the full year.
Strong Adjusted EBITDA Performance: Adjusted EBITDA for the fourth quarter was $37.3 million and $102.9 million for the full year, which exceeded the upper end of our guidance range.
Available Liquidity Overview: Total available liquidity at the end of the quarter was $230.9 million, including $69 million of remaining capacity on our revolving credit facility.
Universal Technical Institute, Inc. (UTI) Q4 2024 Earnings Call Transcript
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