Strong Financial Performance
Revenue for Q3 increased 15% year-over-year to $204.3 million. Net income rose 114% year-over-year to $10.7 million, and adjusted EBITDA grew over 37% year-over-year to $25.3 million.
Student Growth
Average full-time active students grew nearly 13% year-over-year to 23,757, with new student starts increasing approximately 3% year-over-year.
Expansion and Achievements
UTI celebrated its 60th anniversary, launched new HVACR programs at two campuses, and graduated its first aviation maintenance class. The company also won first place at the 2025 Aerospace Maintenance Competition.
Concorde Division Success
Concorde Career Colleges division saw an 18.8% increase in average full-time active students and a 9.1% rise in new student starts. The division is set to expand with new programs and campus openings.
Raised Fiscal 2025 Guidance
The company raised the low end of its fiscal 2025 guidance, anticipating consolidated revenue between $830 million and $835 million, reflecting approximately 14% year-over-year growth.