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.