Earnings Call Summary | Universal Technical Institute(UTI.US) Q2 2024 Earnings Conference
Earnings Call Summary | Universal Technical Institute(UTI.US) Q2 2024 Earnings Conference
The following is a summary of the Universal Technical Institute, Inc. (UTI) Q2 2024 Earnings Call Transcript:
以下是环球技术研究所(UTI)2024年第二季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Universal Technical Institute reported Q2 revenue growth of 12.4% to $184.2 million, surpassing expectations.
Net income amounted to $7.8 million, and the diluted earnings per share were $0.14.
Adjusted EBITDA increased by 17.8% to $22.6 million, in line with company's expectations.
The 2024 guidance has been adjusted due to strong performance, and revenue is expected between $720 million and $730 million, with adjusted EBITDA between $102 and $104 million.
环球技术学院报告第二季度收入增长12.4%,达到1.842亿美元,超出预期。
净收益为780万美元,摊薄后的每股收益为0.14美元。
调整后的息税折旧摊销前利润增长了17.8%,至2,260万美元,符合公司的预期。
由于表现强劲,对2024年的预期进行了调整,收入预计在7.2亿美元至7.3亿美元之间,调整后的息税折旧摊销前利润在1.02亿美元至1.04亿美元之间。
Business Progress:
业务进展:
Universal Technical Institute reported an 18.5% increase in new student starts, attributed to company's growth, diversification, and optimization strategy.
New programs were launched and existing ones expanded which contributed to student growth.
The company is innovating to attract more high-quality inquiries and has hired resources to boost corporate partnerships.
Though it cannot open a new Concorde campus until late '26 or '27 due to Department of Education restrictions, UTI expands existing ones with student growth.
UTI is focusing on enhancing packages for graduates and supplementing the connection between education and employment.
Plans to include evening and weekend courses are being explored for greater flexibility and increased course attractiveness.
环球技术学院报告称,新生入学人数增长了18.5%,这要归因于公司的增长、多元化和优化战略。
新课程已启动,现有课程也有所扩大,这促进了学生的成长。
该公司正在进行创新以吸引更多高质量的查询,并已聘用资源来促进企业合作伙伴关系。
尽管由于教育部的限制,UTI要到26年底或27年底才能开放新的协和校区,但随着学生的增长,它会扩大现有校区。
UTI专注于改善毕业生的套餐,补充教育与就业之间的联系。
正在探讨包括晚间和周末课程的计划,以提高灵活性和增加课程吸引力。
More details: Universal Technical Institute IR
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