Universal Technical reports Q3 EPS 19c vs. 9c last year

Reports Q3 revenue $204.3M, consensus $200.01M. “We delivered another strong quarter, driven by consistent execution and the strength of our model,” said Jerome Grant, CEO. “Fueled by increasing demand for skilled-collar jobs and strategic investments to expand the consolidated UTI brand, our results continued to meet or exceed expectations. Revenue grew over 15% year-over-year, surpassing our expectation, with adjusted EBITDA increasing more than 37% and average full-time active students growing nearly 13%. As a result of our strong third quarter performance and on the backdrop of a regulatory environment that is increasingly favorable to our mission, we are raising the low end our guidance ranges for fiscal 2025 across revenue and new student starts.”