Universal Technical reports Q1 EPS 23c, consensus 14c

Reports Q1 revenue $220.8M, consensus $216.65M. Average full-time active students increased 7.2%, with total new student starts of 5,449 compared to 5,313 a year ago. “We entered the year on strong operational and financial footing, and the first quarter tracked in line with our plans and exceeded our expectations for disciplined execution on our North Star strategy,” said Jerome Grant, CEO. “Through new and optimized campuses as well as program expansions we are scaling a durable, repeatable operating model. The performance of Austin and Miramar, the rapid demand at Fort Myers, and the strong early momentum in San Antonio and Atlanta validate our site selection, program mix, and execution playbook, while maintaining the student and employer outcomes that define our brand. At the same time, we are already building the foundation for future growth. Through deeper engagement with policymakers, employer partnerships, and collaborations such as our Heartland Dental co-branded campus, we are creating new, innovative pathways to help address the skilled labor gap and strengthen our position as America’s leading workforce solutions provider.”