Universal Technical Misses Q3, Slashes FY Guidance; Shares Drop 10%
UTI sits 78% above its 52-week low of $21.29.
Summary
Universal Technical Institute reported a slight Q3 revenue miss and cut full-year guidance across the board. Revenue of $218.91M came in just below the $219.89M consensus, while adjusted EPS fell to $0.04. Management lowered FY2026 revenue guidance to $893M-$900M from $905M-$915M, net income to $32M-$36M from $40M-$45M, and adjusted EBITDA to $100M-$103M from $114M-$119M. The cuts reflect higher growth expenses from new campus launches, even as student demand shifts toward skilled trades. Shares fell about 10% after hours. This follows a pattern of insider selling in recent months, including a $3.9M sale by the CEO in July. The magnitude of the guidance reduction—especially the ~15% EBITDA cut—signals that expansion costs are running well ahead of plan, pressuring near-term profitability.
At the time of this announcement, UTI was trading at $37.96 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $21.29 to $51.34. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.