Universal Technical Institute lowered its fiscal 2026 revenue guidance to between $893 million and $900 million, citing weaker-than-expected fourth-quarter high school starts in its UTI division and a faster mix shift toward shorter skilled trades programs. CEO Jerome Grant said the company is adding about 20% more admissions staff dedicated to the high school channel and has largely completed that hiring, positioning it for fiscal 2027. The company now expects baseline adjusted EBITDA to exceed $135 million, while reported adjusted EBITDA will be between $100 million and $103 million due to roughly $35 million in growth investments. Net income is forecast at $32 million to $36 million, with diluted earnings per share of $0.57 to $0.64, and new student starts are projected between 31,900 and 32,300. The prior outlook had called for revenue of $905 million to $915 million, baseline adjusted EBITDA above $150 million, and reported adjusted EBITDA of $114 million to $119 million.
Universal Technical Institute IncCompany lowered fiscal 2026 revenue and EBITDA guidance due to weaker high school starts and mix shift.
