UTI Reports Q1 Revenue Growth of 9.6%, Aims to Exceed $1.2 Billion in Revenue by 2029

Universal Technical (UTI) reported Q1 2026 earnings with revenue of $220.8 million, up 9.6%, driven by growth at Concord and UTI divisions. Baseline adjusted EBITDA was $34.7 million, while reported adjusted EBITDA was $27.1 million. Net income was $12.8 million, with 55 million shares outstanding. Average full-time active students grew 7.2% to 26,858, and new student starts rose 2.6% to 5,449. Guidance was reaffirmed for full-year revenue of $905 million to $915 million, baseline adjusted EBITDA of $156 million, and reported adjusted EBITDA of $114 million to $119 million.