UNIVERSAL TECHNICAL INSTITUTE INC — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 58/100
What the filing says
Universal Technical Institute reported Q3 FY2026 revenue of $218.9M (+7.2% YoY) and 6,342 new student starts (+10.9% YoY), but net income fell to $2.3M from $10.7M due to $9.0M in strategic growth expenses. The company lowered FY2026 revenue guidance to $893–900M (from $905–915M), net income to $32–36M (from $40–45M), and adjusted EBITDA to $100–103M (from $114–119M), citing Q4 enrollment timing. Management announced Phase I of a multi-year restructuring and organizational consolidation to simplify operations and improve student acquisition, with additional phases rolling out over three years. UTI-Atlanta campus opened in July with new student starts 30% ahead of plan. Total debt stands at $160M; available liquidity is $180.5M.
Why this rating
Guidance cuts totaling ~$15–20M in revenue (~2% miss) and $14–16M in adjusted EBITDA (~13% miss) are material relative to company size (~$1.2B market cap, ~$836M FY2025 revenue). Structural reorganization and timing headwinds offset strong operational momentum.
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