Universal Technical Institute Reports Fiscal Year 2019 Fourth Quarter and Year-End Results
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Universal Technical Institute (UTI) Reports Q4 EPS of $0.09, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus
December 2, 2019 4:09 PM ESTUniversal Technical Institute (NYSE: UTI) reported Q4 EPS of $0.09, versus ($0.49) reported last year. Revenue for the quarter came in at $87.7 million versus the consensus estimate of $78.3 million.
Fourth quarter revenue increased 9.2% versus the prior year quarter to $87.7 million, driving fiscal 2019 revenue to $331.5 million, up 4.6% versus the prior year.New student starts, excluding the Norwood, MA campus, were up 10.4% for the fourth quarter and 11.5% for fiscal 2019 as compared to the respective prior year periods.Fourth quarter operating income of $5.4 million improved $16.5 million from the prior year quarter loss, while the full... More