Universal Technical Institute, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 174.7 million compared to USD 120 million a year ago. Net income was USD 10.39 million compared to USD 2.65 million a year ago.

Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.02 a year ago.