Q2 2025 Universal Technical Institute Inc Earnings Call Transcript
Key Points
- Revenue for the second quarter increased nearly 13% year-over-year to $207.4 million.
- Average full-time active students grew over 10% year-over-year to 24,604 students.
- Net income increased 47% to $11.4 million with diluted earnings per share of $0.21.
- Adjusted EBITDA grew approximately 28% year-over-year to $28.9 million.
- Strong demand for skilled labor, particularly in trades and healthcare, continues to provide tailwinds for UTI's business.
- Potential challenges in maintaining high double-digit growth in Concorde division due to capacity limits in clinical courses.
- Increased strategic investments in fiscal years 2026 and 2027 may temporarily moderate margin growth.
- The number of for-sale signs in the market for strategic acquisitions is smaller than expected.
- High school student recruitment is largely complete for the year, which may impact future enrollment growth rates.
- The company is facing tougher comparable periods for new student starts in the upcoming quarters.
Good day, and welcome to the Universal Technical Institute's second quarter 2025 earnings call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Matt Kempton, Vice President, Corporate Finance and Investor Relations. Please go ahead.
Hello, and welcome to Universal Technical Institute's Fiscal Second Quarter 2025 Earnings Call. Joining me today are our CEO, Jerome Grant; and CFO, Bruce Schuman. Following our prepared remarks, we will open the call for your questions. A replay of this call is transcript and our investor presentation will be archived on the Investor Relations section of our website at investor.uti.edu, along with our earnings release issued earlier today and furnished to the SEC. During this call, we may make comments that contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which by their nature, address matters that are in
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