Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €38.12, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 15x in the Consumer Services industry in Europe. Total returns to shareholders of 510% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.66 per share. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Mike Slubowski was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 05
Universal Technical Institute, Inc. Re-Iterates Earnings Guidance for the Fiscal Year 2026 Universal Technical Institute, Inc. re-iterated earnings guidance for the fiscal year 2026. For the year, the company continue to expect revenue between $905 million and $915 million. Aankondiging • Jan 21
Universal Technical Institute, Inc., Annual General Meeting, Mar 12, 2026 Universal Technical Institute, Inc., Annual General Meeting, Mar 12, 2026. Aankondiging • Nov 20
Universal Technical Institute, Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2026 and by Fiscal Year 2029 Universal Technical Institute, Inc. provided earnings guidance for the fiscal year ending September 30, 2026 and by fiscal year 2029. For the year 2026, the company expects revenue to be in the range of $905 million - $915 million, net income to be in the range of $40 million - $45 million and diluted EPS to be in the range of $0.71 - $0.80.
By fiscal year 2029, the company expects to surpass $1.2 billion in annual revenue. Aankondiging • Oct 16
Universal Technical Institute Appoints Tod Gibbs as Campus President of New Atlanta Campus Universal Technical Institute (UTI) announced that Tod Gibbs has been named Campus President of the new UTI-Atlanta campus, scheduled to open in 2026 pending all regulatory approvals. Gibbs has more than 25 years of experience in higher education and operations management, having served as Campus President, Regional President, and Chief Operations Officer at other educational institutions. Throughout his career, he has been recognized for successfully launching and growing campuses, strengthening teams, and aligning education and workforce needs. Aankondiging • Aug 14
Universal Technical Institute, Inc.'s Division Universal Technical Institute Appoints Christopher Finn as President of UTI-San Antonio Universal Technical Institute (UTI), the transportation, skilled trades, electrical, and energy division of Universal Technical Institute, Inc. announced that Christopher Finn has been appointed Campus President of UTI-San Antonio. Aankondiging • Aug 07
Universal Technical Institute, Inc. Updates Earnings Guidance for the Fiscal Year 2025 Universal Technical Institute, Inc. updated earnings guidance for the Fiscal Year 2025. For the period, the company expects Revenue to be in the range of $830 million to $835 million compared to previous guidance of $825 million to $835 million. Net Income is expected to be in the range of $56 million to $60 million. The company expects Diluted EPS to be in the range of $1.00 to $1.08. Aankondiging • Jul 22
Universal Technical Institute Launches Electrical Training Programs Universal Technical Institute (UTI) announced four new electrical programs. Several UTI campuses will begin offering Electrical, Electronics & Industrial Technology (EEIT); Electrical & Industrial Maintenance Technology (EIMT); Electrical, Robotics, and Automation Technology (ERAT); and Electrical & Wind Turbine Technology (EWTT), pending all regulatory approvals. UTI-Exton and UTI-Mooresville are the first campuses to begin teaching the programs, with EEIT and EIMT available at UTI-Exton and EEIT, EIMT, and ERAT offered at UTI-Mooresville. The four new programs share the first eight core electrical courses, resulting in a more efficient instructional model. Then, students have the option to complete additional coursework in low-voltage electronics, electronics, robotics programming, or wind energy education depending on the diploma selected and their career goals. These four new electrical-centric programs support Universal Technical Institute, Inc.'sNorth Star strategy, which includes launching eight programs annually at existing campuses and opening new campuses, including Atlanta and San Antonio. Aankondiging • May 08
Universal Technical Institute, Inc. Revises Earnings Guidance for the Fiscal Year Ending September 30, 2025 Universal Technical Institute, Inc. revised earnings guidance for the fiscal year ending September 30, 2025. Based on the company's performance and ongoing strategic initiatives, the company is raising the company's fiscal 2025 guidance ranges for all key metrics. The company now expect to deliver $825 million to $835 million in revenue against previous guidance of $810 million - $820 million. Net Income to be $56 million - $60 million against previous guidance of $54 million - $58 million and Diluted EPS to be $1.00 - $1.08 against previous guidance of $0.96 - $1.04. Aankondiging • Mar 31
Universal Technical Institute, Inc. Announces Management Changes Universal Technical Institute, Inc. announced Todd Hitchcock as Chief Operating Officer, effective immediately. Hitchcock has been with the company the past five years and most recently served as EVP, Chief Strategy and Transformation Officer. As Chief Operating Officer, Hitchcockwill be responsible for oversight of the company's UTI and Concorde divisions, continuing to strengthen the alignment of the divisions' day-to-day operations with the corporate objectives. Hitchock will continue to oversee corporate strategy and transformation, including the exploration of potential acquisition opportunities to enhance the company's presence in these in-demand markets. A longtime education industry executive, Hitchcock has nearly 30 years' experience leading education organizations through transformative change. Prior to joining Universal Technical Institute, Inc., he was one of the nation's earliest pioneers of online learning in both K-12 and higher education, having held senior leadership roles at Florida Virtual Learning and Pearson Education. In addition to Hitchcock's appointment, the company announced Adrienne DeTray as Chief Information Officer, effective immediately. DeTray most recently served as CIO at Adtalem Global Education, where she led the transformation of the IT function to enhance operational efficiency and the delivery of digital education products, enabling sustained year-over-year growth and improved student persistence rates. Prior to this, she held senior leadership roles in the healthcare industry, including CommonSpirit Health in Chicago and Catholic Health Initiatives in Denver, where she leveraged her technical and business expertise alongside her experience as a registered nurse. Aankondiging • Feb 06
Universal Technical Institute, Inc. Updates Earnings Guidance for Full Year Ending September 30, 2025 Universal Technical Institute, Inc. updated earnings guidance for full year ending September 30, 2025. For the period, the company expects Revenue to be $810 million to $820 million compared to previous guidance of $800 million to $815 million. Net Income to be $54 million to $58 million and midpoint of appro: ~ $56,000,000 compared to previous guidance of $52 million to $56 million. Diluted EPS to be $0.96 to $1.04 compared to previous guidance of $0.93 to $1.01. Aankondiging • Jan 16
Universal Technical Institute, Inc., Annual General Meeting, Mar 06, 2025 Universal Technical Institute, Inc., Annual General Meeting, Mar 06, 2025. Aankondiging • Nov 21
Universal Technical Institute, Inc. Provides Earnings Guidance for Full Year 2025 Universal Technical Institute, Inc. provided earnings guidance for full year 2025. For the period, the company expected revenue of $800-$815 million and net income of $52-56 million. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €18.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Consumer Services industry in Europe. Total returns to shareholders of 188% over the past three years. Recent Insider Transactions • Aug 26
CEO & Director recently sold €1.1m worth of stock On the 23rd of August, Jerome Grant sold around 68k shares on-market at roughly €15.67 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jerome's only on-market trade for the last 12 months. Reported Earnings • Aug 07
Third quarter 2024 earnings released: EPS: US$0.093 (vs US$0.052 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.093 (up from US$0.052 loss in 3Q 2023). Revenue: US$177.5m (up 16% from 3Q 2023). Net income: US$4.99m (up US$6.76m from 3Q 2023). Profit margin: 2.8% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 07
Universal Technical Institute, Inc. Reiterates Earnings Guidance for the Year 2024 and 2025 Universal Technical Institute, Inc. reiterated earnings guidance for the year 2024 and 2025. For the year 2024, the company Reiterating full year guidance for all key metrics, with revenue and new student starts trending towards the higher-end of the previously communicated ranges.
The company also reiterating initial projections for fiscal 2025 which indicate revenue of nearly $800 million. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Consumer Services industry in Europe. Total returns to shareholders of 264% over the past three years. Aankondiging • May 10
Universal Technical Institute, Inc. Revises Earnings Guidance for the Year Ended September 30, 2024 Universal Technical Institute, Inc. revised earnings guidance for the year ended September 30, 2024. For the period, the company expects Revenue to be $720 million to $730 million compared to previous guidance of $710 million to $720 million. Net Income to be $37 million to $41 million compared to previous guidance of $36 million to $40 million. Diluted EPS to be $0.68 to $0.73 compared to previous guidance of $0.67 to $0.72. Reported Earnings • May 09
Second quarter 2024 earnings released: EPS: US$0.14 (vs US$0.041 in 2Q 2023) Second quarter 2024 results: EPS: US$0.14 (up from US$0.041 in 2Q 2023). Revenue: US$184.2m (up 12% from 2Q 2023). Net income: US$7.79m (up 458% from 2Q 2023). Profit margin: 4.2% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 29
Independent Director recently sold €121k worth of stock On the 26th of March, Loretta Sanchez sold around 9k shares on-market at roughly €13.92 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €183k more than they bought in the last 12 months. Aankondiging • Mar 14
Universal Technical Institute, Inc. Announces Executive Changes Universal Technical Institute, Inc. announced that effective March 7, 2024, David A. Blaszkiewicz resigned from his position as a member of the Board, including as a member of the Compensation Committee. Mr. Blaszkiewicz’s decision to resign is not the result of any disagreement with the Company. Following Mr. Blaszkiewicz’s resignation, the Board appointed Michael A. Slubowski as the Chairperson of the Compensation Committee, effective as of March 7, 2024. Aankondiging • Feb 17
Federal Aviation Administration Approves Universal Technical Institute-Miramar's Airframe and Powerplant Technician Program Universal Technical Institute announced that the Federal Aviation Administration (FAA) recently approved the Airframe and Powerplant Technician program at its Miramar campus, with classes now underway. Universal Technical Institute is the transportation, skilled trades and energy education division of UTI, Inc. Students in the 18-month Airframe and Powerplant program at Miramar will learn to diagnose, repair and maintain aircraft and power plant components. Graduates will be prepared to pursue entry-level careers in the aviation field. They also will be eligible to apply and test for an FAA-issued mechanic certificate. UTI-Miramar is the fifth campus to offer an aircraft mechanic program, joining UTI-Avondale in Ariz., UTI-Long Beach in Calif., MIAT-Canton in Mich., and MIAT-Houston in Texas. Total aviation technician employment is expected to exceed 146,000 by 2032, according to the Bureau of Labor Statistics (BLS). Demand for aviation technicians is being driven, in part, by a rebound in post-pandemic air travel, as well as a wave of retirements among industry workers. In October, Mayor Messam highlighted that aviation is a growing field in Miramar in his 2023 State of the City Address. In addition to the aviation program, UTI-Miramar offers 45-week Diesel Technology, 36-week Welding Technology and 51-week Automotive Technology Training programs. Graduates of the Automotive Technology program can enroll in BMW FastTrack, a 12-week Manufacturer Specific Advanced Training program where graduates earn seven BMW factory credentials. The first Miramar class of FastTrack graduated on Nov. 17, with 66 percent of its graduates having received employment offers from local BMW dealerships. Reported Earnings • Feb 08
First quarter 2024 earnings released: EPS: US$0.18 (vs US$0.025 in 1Q 2023) First quarter 2024 results: EPS: US$0.18 (up from US$0.025 in 1Q 2023). Revenue: US$174.7m (up 46% from 1Q 2023). Net income: US$6.44m (up US$5.58m from 1Q 2023). Profit margin: 3.7% (up from 0.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 24
Universal Technical Institute, Inc., Annual General Meeting, Mar 07, 2024 Universal Technical Institute, Inc., Annual General Meeting, Mar 07, 2024, at 08:30 US Eastern Standard Time. Agenda: To elect three (3) Class II directors to our Board of Directors to serve for a term of three (3) years or until their respective successors are duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2024; to approve, on an advisory basis, the compensation of the Company's Named Executive Officers ( NEOs"); to approve an amendment and restatement of our 2021 Equity card or voting instruction form and you may vote by proxy by calling the toll-free Incentive Plan (the 2021 Plan"); and to consider and approve other matters (if any). New Risk • Dec 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (0.7% net profit margin). Aankondiging • Dec 20
Universal Technical Institute, Inc. Appoints Christopher Shackelton as Class III Director Since June 2016, Christopher Shackelton, a Managing Partner at Coliseum Capital Management, LLC (Coliseum), has served as a designee (Series A Designee) to the board of directors (Board) of Universal Technical Institute, Inc. (Company), at the election of the holders of Series A Preferred Stock, par value $0.0001 per share (Series A Preferred Stock). In connection with the Repurchase and Conversion as further disclosed in Item 8.01 of this Current Report on Form 8-K, the designation right of the holders of Series A Preferred Stock terminated. In light of Mr. Shackelton’s many contributions to the Board during his tenure as the Series A Designee, and in connection with the Repurchase, the Board appointed Mr. Shackelton as a Class III director of the Board, with an appointment to serve until the company’s 2025 annual meeting of stockholders. Aankondiging • Dec 07
Universal Technical Institute, Inc. Appoints Christine Kline to the Position of Chief Accounting Officer, Effective December 4, 2023 Universal Technical Institute, Inc. has appointed Christine Kline to the position of Chief Accounting Officer, effective December 4, 2023, to serve until her successor is appointed or until her earlier resignation or removal. Ms. Kline will serve as the Company’s principal accounting officer. Ms. Kline, age 45, has served as the company’s Vice President, Corporate Controller since joining the Company in February 2020. In this role Ms. Kline led the Company’s corporate accounting team in all aspects of the monthly close and financial accounting and the audit and Sarbanes-Oxley (SOX) compliance processes and has worked closely with executive management and department leaders. Prior to joining the Company, Ms. Kline served as the Director of Financial Reporting at Nuverra Environmental Solutions from July 2015 to February 2020 and was named the Principal Accounting Officer from November 2019 through February 2020, and as the Director of Accounting and Reporting at PetSmart, Inc. from October 2007 to July 2015. Ms. Kline started her career with Deloitte & Touche LLP. Ms. Kline is a Certified Public Accountant. Ms. Kline earned a Bachelor of Science degree in Accounting and Finance from the University of Arizona. Aankondiging • Nov 17
Universal Technical Institute, Inc. Provides Earnings Guidance for the Year 2024 Universal Technical Institute, Inc. provided earnings guidance for the year 2024. For the year, the company expects revenue of revenue of $24,500 million to $25,500 million. Net income of $705 million to $715 million. Diluted EPS of $0.53 to $0.58. Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: US$0.13 (vs US$0.39 in FY 2022) Full year 2023 results: EPS: US$0.13 (down from US$0.39 in FY 2022). Revenue: US$607.4m (up 45% from FY 2022). Net income: US$4.54m (down 65% from FY 2022). Profit margin: 0.7% (down from 3.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 05
Independent Director recently sold €61k worth of stock On the 28th of September, Loretta Sanchez sold around 8k shares on-market at roughly €8.06 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Aug 10
Universal Technical Institute, Inc. Provides Revenue Guidance for the Fiscal Year 2023 Universal Technical Institute, Inc. provides revenue guidance for the fiscal year 2023. The company expects revenue of $602.0 million - $605.0 million. Reported Earnings • Aug 09
Third quarter 2023 earnings released: US$0.052 loss per share (vs US$0.014 loss in 3Q 2022) Third quarter 2023 results: US$0.052 loss per share (further deteriorated from US$0.014 loss in 3Q 2022). Revenue: US$153.3m (up 52% from 3Q 2022). Net loss: US$1.77m (loss widened 291% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
Second quarter 2023 earnings released: EPS: US$0.041 (vs US$0.11 in 2Q 2022) Second quarter 2023 results: EPS: US$0.041 (down from US$0.11 in 2Q 2022). Revenue: US$163.8m (up 61% from 2Q 2022). Net income: US$1.40m (down 62% from 2Q 2022). Profit margin: 0.9% (down from 3.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • May 10
Universal Technical Institute, Inc. Reiterates Earnings Guidance for the Year 2023 Universal Technical Institute, Inc. reiterated earnings guidance for the year 2023. The Company reiterates its full year, fiscal 2023 guidance across all key metrics. however, the anticipated phasing of revenue and profitability throughout the year has shifted favorably relative to initial expectations as a result of strong first half results. Additionally, while expect overall new student starts will be within previous guidance range, now see UTI starts at the lower end of their previously expected range, or approximately 8% year over year growth, and Concorde starts at the higher of their previously expected range. Reported Earnings • Feb 09
First quarter 2023 earnings released: EPS: US$0.041 (vs US$0.25 in 1Q 2022) First quarter 2023 results: EPS: US$0.041 (down from US$0.25 in 1Q 2022). Revenue: US$120.0m (up 14% from 1Q 2022). Net income: US$1.37m (down 83% from 1Q 2022). Profit margin: 1.1% (down from 7.8% in 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Feb 09
Universal Technical Institute, Inc. Reiterates Earnings Guidance for the Full Year 2023 Universal Technical Institute, Inc. reiterated earnings guidance for the full year 2023. For the year, the company expects revenue of $595 million to $610 million. Aankondiging • Jan 19
Universal Technical Institute, Inc. to Report Q1, 2023 Results on Feb 08, 2023 Universal Technical Institute, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 08, 2023 Aankondiging • Jan 18
Universal Technical Institute, Inc., Annual General Meeting, Mar 02, 2023 Universal Technical Institute, Inc., Annual General Meeting, Mar 02, 2023, at 08:30 US Eastern Standard Time. Agenda: To consider elect four Class I directors to Board of Directors to serve for a term of three years or until their respective successors are duly elected and qualified; to consider ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending September 30, 2023; to consider approve, on an advisory basis, the compensation of the Company’s Named Executive Officers; and to consider approve, on an advisory basis, the frequency of future advisory votes on the compensation of the Company’s Named Executive Officers. Aankondiging • Dec 13
Universal Technical Institute, Inc. Provides Revenue Guidance for the Full Year 2023 Universal Technical Institute, Inc. provided revenue guidance for the full year 2023. for the year, the company expects Revenue of $595.0 million to $610 million. Reported Earnings • Dec 12
Full year 2022 earnings released: EPS: US$0.58 (vs US$0.17 in FY 2021) Full year 2022 results: EPS: US$0.58 (up from US$0.17 in FY 2021). Revenue: US$418.8m (up 25% from FY 2021). Net income: US$14.3m (up 152% from FY 2021). Profit margin: 3.4% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €6.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Consumer Services industry in Europe. Total returns to shareholders of 74% over the past three years. Aankondiging • Aug 10
Universal Technical Institute, Inc. Appoints Robert Burnfield as Its First Campus President Universal Technical Institute, Inc. announced the appointment of higher education veteran Robert Burnfield as its first campus president. Burnfield comes to the Miramar campus with more than 20 years of higher education experience. Reported Earnings • Aug 04
Third quarter 2022 earnings released: US$0.014 loss per share (vs US$0.031 profit in 3Q 2021) Third quarter 2022 results: US$0.014 loss per share (down from US$0.031 profit in 3Q 2021). Revenue: US$101.0m (up 21% from 3Q 2021). Net loss: US$453.0k (down 144% from profit in 3Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 04
Universal Technical Institute, Inc. Updates Earnings Guidance for the Fiscal Year Ending September 30, 2022 Universal Technical Institute, Inc. updated earnings guidance for the fiscal year ending September 30, 2022. The company now expects revenue to be higher end of range of $410.0 million - $420.0 million and net income to be $25,000,000. Aankondiging • Jul 21
Universal Technical Institute, Inc. to Report Q3, 2022 Results on Aug 03, 2022 Universal Technical Institute, Inc. announced that they will report Q3, 2022 results After-Market on Aug 03, 2022 Aankondiging • Jun 10
Universal Technical Institute Adds 15 New Programs in Transportation and Skilled Trades Across Its National UTI/MIAT Campus Footprint Universal Technical Institute (UTI) announced that it is executing on the next phase of its growth and diversification strategy by adding 15 new programs across its campus footprint, including Aviation, HVACR, Robotics, Industrial Maintenance and Wind Energy Technician training to UTI and NASCAR Technical Institute (NTI) branded campuses, and initiating efforts to add Auto and Diesel Essentials to the MIAT Canton, Michigan campus. With the recent acquisition of the MIAT College of Technology, and the subsequent integration largely completed, the company is implementing its plan to introduce MIAT programs to its UTI and NTI institutions. This will increase the size of UTI's addressable market as the organization evolves into becoming a trusted industry-aligned workforce solutions partner with industry and learners. UTI has four pillars to its growth and diversification strategy: new campuses, program expansions, inorganic growth, and business model extension. UTI's new blended learning approach, which includes virtual learning and on-campus lab and classroom instruction, has allowed for further optimization or consolidation of its campus footprints to make room for new programs. Pending all regulatory approvals, the initial planned program additions are projected to begin launching in the second quarter of fiscal 2023, with the final planned programs launching by the end of 2024. At this time, the majority of the programs have received the necessary state and accreditor approvals, with approvals pending from the Department of Education for all programs, and also the Federal Aviation Administration for the aviation programs. Projected program launches include (listed in alphabetical order by campus): UTI-Austin: HVACR; UTI-Avondale: Aviation; UTI-Exton: Robotics and Automation; UTI-Lisle: Wind Power, Industrial Maintenance; UTI-Long Beach: Aviation; UTI-Miramar: Aviation; UTI-Rancho Cucamonga: Wind Power, Industrial Maintenance, and Robotics and Automation; UTI-Sacramento: Wind Power, Industrial Maintenance, and Robotics and Automation; NTI-Mooresville: Robotics and Automation; MIAT-Canton: Auto and Diesel Essentials. Recent Insider Transactions • Jun 03
CEO & Director recently sold €384k worth of stock On the 1st of June, Jerome Grant sold around 45k shares on-market at roughly €8.54 per share. This was the largest sale by an insider in the last 3 months. This was Jerome's only on-market trade for the last 12 months. Reported Earnings • May 06
Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.087 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.18 (up from US$0.087 loss in 2Q 2021). Revenue: US$102.1m (up 31% from 2Q 2021). Net income: US$6.06m (up US$8.92m from 2Q 2021). Profit margin: 5.9% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 21
Universal Technical Institute, Inc. to Report Q2, 2022 Results on May 04, 2022 Universal Technical Institute, Inc. announced that they will report Q2, 2022 results After-Market on May 04, 2022 Aankondiging • Mar 30
Universal Technical Institute Appoints Timothy Dauber as Campus President Universal Technical Institute announced the appointment of Timothy Dauber as the new Campus President at UTI-Orlando, just as the campus completes its optimization project by merging its motorcycle and marine technician training programs with UTI's automotive and diesel technician training on site. Dauber comes to UTI with more than 25 years of education and management experience. Dauber comes from Everglades University where he served as the Campus Vice President for four years, with impressive achievements in student growth, retention, and graduate placement rates. His management experience includes several Fortune 500 companies such as Target, Best Buy and Lowe's. He also served in the Navy for four years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 18% share price gain to €7.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Consumer Services industry in Europe. Total returns to shareholders of 157% over the past three years. Aankondiging • Feb 06
Universal Technical Institute, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of Fiscal 2022 Universal Technical Institute, Inc. provided revenue guidance for the fourth quarter and full year of fiscal 2022. The company expects full year revenue for fiscal 2022 to be in the range of $405 million to $420 million for year-over-year growth in the low to mid-20% range.Revenue for the second and third quarters is likely to be in the mid to upper $90 million range, with the fourth quarter still expected above $110 million. Reported Earnings • Feb 05
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: US$0.41 (up from US$0.007 loss in 1Q 2021). Revenue: US$105.1m (up 38% from 1Q 2021). Net income: US$13.5m (up US$13.7m from 1Q 2021). Profit margin: 13% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 17%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 23% share price gain to €7.95, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Consumer Services industry in Europe. Total returns to shareholders of 230% over the past three years. Reported Earnings • Nov 19
Full year 2021 earnings released: EPS US$0.28 (vs US$0.054 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$335.1m (up 11% from FY 2020). Net income: US$9.33m (up 480% from FY 2020). Profit margin: 2.8% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 04
Universal Technical Institute, Inc. Provides Earnings Guidance for the Year 2021 Universal Technical Institute, Inc. provided earnings guidance for the year 2021. For the year, the company reaffirms fiscal year 2021 guidance given strong front-end demand and ongoing operating improvements. Reported Earnings • Aug 03
Third quarter 2021 earnings released: EPS US$0.091 (vs US$0.45 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$83.8m (up 54% from 3Q 2020). Net income: US$3.00m (up US$17.6m from 3Q 2020). Profit margin: 3.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 08
Second quarter 2021 earnings released: US$0.087 loss per share (vs US$0.36 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$77.7m (down 6.1% from 2Q 2020). Net loss: US$2.86m (down 128% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • May 07
Universal Technical Institute, Inc. Provides Earnings Guidance for the Year 2021 Universal Technical Institute, Inc. provided earnings guidance for the year 2021. For the year, the company reaffirms fiscal year 2021 guidance given strong front-end demand and ongoing operating improvements. Aankondiging • Jan 28
Universal Technical Institute to Become the Inaugural American School Counselor Association National Alliance Partner Universal Technical Institute (UTI) and the American School Counselor Association (ASCA) have entered into an agreement for UTI to become the inaugural ASCA Alliance Partner. ASCA and UTI share a strong commitment to helping students realize their passions and find success in fulfilling careers. UTI has direct training partnerships with more than 30 manufacturer bands—such as BMW, Cummins, Ford, Freightliner, GM, Peterbilt, Porsche, Toyota, Volvo and more—and thousands of local employers hire the school's graduates. In addition, many employer locations support UTI students with tuition reimbursement and other incentives, such as signing bonuses, tool allowances and more. Aankondiging • Jan 22
Universal Technical Institute, Inc. to Report Q1, 2021 Results on Feb 05, 2021 Universal Technical Institute, Inc. announced that they will report Q1, 2021 results After-Market on Feb 05, 2021 Aankondiging • Jan 21
Universal Technical Institute, Inc., Annual General Meeting, Feb 24, 2021 Universal Technical Institute, Inc., Annual General Meeting, Feb 24, 2021, at 08:00 US Mountain Standard Time. Agenda: To consider to elect three Class II directors to the company's Board of Directors to serve for a term of three years or until their respective successors are elected and qualified; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending September 30, 2021; to amend and restate the company's restated certificate of incorporation to authorize and empower the company's stockholders to amend our bylaws by a majority vote; and to approve the adoption of the company's 2021 equity incentive plan. Aankondiging • Dec 30
Universal Technical Institute Announces the Purchase of its Avondale, Arizona Campus and Optimization Initiatives at Campuses in Arizona and Florida Universal Technical Institute announced the purchase of its Avondale, Arizona campus and plans to consolidate the operations of its Phoenix-based Motorcycle Mechanics Institute into this facility. Separately, the company announced that the company's individual the company and MMI Orlando campus facilities will be consolidated and reconfigured into one site. The company acquired the Avondale campus, which is comprised of a 283,000 square-foot specialty use building on a 23 acre parcel of land, in an all cash transaction for $44.5 million. the company has been the sole occupant of the facility since it was built for the company in 2004. Vacating the Phoenix MMI campus site, currently comprised of approximately 173,000 square feet, and consolidating the MMI operations into the Avondale campus, will be complete by the end of fiscal 2022. Once fully implemented, the Company expects to reduce annual occupancy and related operating expenses by approximately $6.5 million from purchasing the Avondale campus, vacating the Phoenix MMI campus site and consolidating the MMI operations into the Avondale campus. The expense reductions will be phased in over the next two years and are expected to be fully realized by the end of fiscal 2022. In Orlando, the company currently has plans to consolidate its motorcycle and marine training programs into one location with its automotive, diesel and manufacturer advanced training programs, reducing the current aggregate 263,000 square-feet by an estimated 75,000 square feet. The company is evaluating lease and purchase options for the necessary space to facilitate the consolidation. The Company expects to complete the Orlando consolidation and reconfiguration by the end of fiscal 2021. Additional details will be provided once the Orlando transactions are completed. Industry and employer partners continue to report strong demand for the company's graduates, and the combined campuses in Arizona and Florida will offer training for automotive, diesel, and motorcycle technicians, as well as advanced education in the vehicles and technology of leading manufacturer brands like BMW, Ford, Cummins, Harley-Davidson, Mercury Marine and Volvo. The Avondale campus also offers courses in welding and the Orlando campus is the sole location for the MMI Marine program. Is New 90 Day High Low • Dec 30
New 90-day high: €5.50 The company is up 29% from its price of €4.28 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.65 per share. Reported Earnings • Dec 05
Full year 2020 earnings released: EPS US$0.054 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$300.8m (down 9.3% from FY 2019). Net income: US$1.61m (up US$14.7m from FY 2019). Profit margin: 0.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Dec 05
Revenue misses expectations Revenue missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 13%, compared to a 7.6% growth forecast for the Consumer Services industry in Germany. Aankondiging • Nov 25
Universal Technical Institute, Inc. Announces Board Changes On November 20, 2020, Mr. John C. White has informed Universal Technical Institute, Inc. of his voluntary decision to retire from its Board of Directors (the “ Board ”), effective November 30, 2020. On November 20, 2020, Dr. Roderick R. Paige also informed the Company of his voluntary decision to retire from the Board, effective November 30, 2020. At the time of his retirement, Dr. Paige served on the Company’s Nominating and Corporate Governance Committee and the Government Affairs and Public Policy Committee. Reported Earnings • Nov 20
Full year 2020 earnings released: EPS US$0.092 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$300.8m (down 9.3% from FY 2019). Net income: US$2.74m (up US$15.9m from FY 2019). Profit margin: 0.9% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 20
Revenue misses expectations Revenue missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 13%, compared to a 7.4% growth forecast for the Consumer Services industry in Germany. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 18% share price gain to US$4.60, the stock is trading at a trailing P/E ratio of 76.3x, up from the previous P/E ratio of 64.7x. This compares to an average P/E of 16x in the Consumer Services industry in Europe. Total returns to shareholders over the past three years are 54%. Aankondiging • Nov 03
Universal Technical Institute, Inc. to Report Q4, 2020 Results on Nov 18, 2020 Universal Technical Institute, Inc. announced that they will report Q4, 2020 results at 5:00 PM, Eastern Standard Time on Nov 18, 2020 Is New 90 Day High Low • Oct 21
New 90-day low: €4.18 The company is down 34% from its price of €6.30 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.32 per share.