Reports Q3 revenue $153.3M, consensus $148.3M. “We continued to execute on our growth and diversification initiatives in the third quarter, performing above our expectations for both revenue and profitability,” said Jerome Grant, CEO of Universal Technical Institute. “We drove strong Concorde student start performance through the quarter and into July. Within the UTI division, we achieved our first quarter of same-store start growth since the third quarter of 2022, a milestone that reflects improving start trends among both local and relocating students. UTI has also launched the first tranche of new programs out of the fourteen planned launches during the fiscal year.”
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