CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Universal Technical Institute Reports Revenue of $163.8 Million in Fiscal Second Quarter

Universal Technical Institute Reports Revenue of $163.8 Million in Fiscal Second Quarter

May 10, 2023 By CollisionWeek Editor Leave a Comment

Universal Technical Institute, Inc. (NYSE:UTI) reported revenue was $163.8 million with UTI increasing 5.4% versus the prior year period with Concorde Career Colleges, that it acquired last year, contributing $56.3 million for its fiscal 2023 second quarter ended March 31.

UTI logoNet income was $3.5 million, adjusted net income of $6.3 million, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $19.2 million. Total new student starts were 4,626 with UTI increasing 4.4% versus the prior year period and 2,252 contributed by Concorde.

The Company’s current year results include Concorde for the four months ended March 31, 2023, reflecting

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Earnings, Universal Technical Institute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Repair Education Foundation Coronavirus Diagnostics Donations Earnings Florida I-CAR Insurance Auto Auctions Lawsuits legislation LKQ Corporation Mitchell International National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Scholarships Service King Collision Repair Centers Texas United Kingdom Workforce Development

Recent Articles

  • Quality Collision Group Enters Texas Market with Acquisition June 6, 2023
  • ProColor Collision Adds New Collision Repair Center to Network in San Diego Market June 6, 2023
  • Mathieu Côté Appointed Vice-President AIA Canada’s Quebec Division Committee June 6, 2023
  • Fenix Parts Acquires Michigan-Based Fox Auto Parts June 6, 2023
  • Mark Lindner Named President of PartsTrader June 6, 2023
  • NTSB Chair Calls NHTSA Action on Automatic Emergency Braking “Major Leap Forward” June 6, 2023
  • US Light Vehicle Sales Up Over 22% in May Compared to Last Year June 5, 2023

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2023 - QuanDec Corporation - All Rights Reserved · Log in