Strong Revenue Growth
Revenue for the quarter grew over 15% year-over-year to $201.4 million.
Increase in Student Enrollment
Average full-time active students increased 11% year-over-year to 25,062 students.
Net Income and Earnings Per Share Growth
Net income increased $22.2 million with diluted earnings per share of $0.40.
Adjusted EBITDA Improvement
Adjusted EBITDA improved 45% year-over-year to $35.5 million.
Increase in New Student Starts
Total new student starts increased year-over-year by over 22% for the quarter.
Expansion and Strategic Investments
Plans to launch 10 cash pay short course programs across Concorde campuses and a new nursing program in Jacksonville, Florida.
Tesla Partnership
Added Tesla to manufacturer-specific advanced training programs, with the start program for collision repair at UTI’s Long Beach campus.
Raised Guidance for Fiscal 2025
Consolidated revenue expected between $810 million and $820 million, reflecting approximately 11% increase year-over-year.