Universal Technical Institute, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 08, 2023 at 04:05 pm EDT
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Universal Technical Institute, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 153.29 million compared to USD 100.97 million a year ago. Net loss was USD 0.509 million compared to net income of USD 0.843 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.01 a year ago.
For the nine months, sales was USD 437.11 million compared to USD 308.13 million a year ago. Net income was USD 5.62 million compared to USD 23.02 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.35 a year ago.
Universal Technical Institute, Inc. is a workforce solutions provider of transportation, skilled trades and healthcare education programs. Its segments include Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde). UTI segment operates 16 campuses located in nine states and offers a range of degree and non-degree transportation and skilled trades technical training programs under brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology. UTI also offers manufacturer specific advanced training programs, including student-paid electives, at its campuses and manufacturer or dealer-sponsored training at certain campuses and dedicated training centers. Concorde segment operates 17 campuses located in eight states and online, offering degree, non-degree, and continuing education programs in the allied health, dental, nursing, patient care and diagnostic fields.
UNIVERSAL TECHNICAL INSTITUTE, INC. 
