Universal Technical Institute(UTI)
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Universal Technical Institute(UTI) - 2024 Q4 - Earnings Call Transcript
2024-11-21 07:56
财务数据和关键指标变化 - 2024财年营收约7.33亿美元,同比增长约21% [9] - 2024财年平均全日制活跃学生同比增长10%,全年新学生入学人数同比增长约19%,净收入增至4200万美元,摊薄后每股收益为0.75美元,调整后EBITDA增长60%至1.03亿美元 [9] - 2024年第四季度总平均全日制活跃学生同比增长11%,新学生入学人数同比增长10.6%,综合收入增长15.3%至1.964亿美元,净利润为1880万美元或摊薄后每股0.34美元,调整后EBITDA为3730万美元 [37][41][43] 各条业务线数据和关键指标变化 Concorde部门 - 2024年在公司旗下的第一个完整财年,所有项目均实现强劲增长,包括临床、核心和新的短期现金支付项目,第四季度平均全日制活跃学生增长13.8%,全年增长10.7%,第四季度新学生入学人数增长13.7%,全年增长39.3%,收入增长38.3%至2.463亿美元 [17][39][42] - 2025财年达拉斯护理项目预计增加60名学生容量,圣地亚哥的口腔卫生项目进展顺利,杰克逊维尔的新护理项目按计划在2025年中期推出,与Heartland Dental合作建设新校区,预计将增加400多万美元的运营收入,并有助于EBITDA利润率的扩大 [18][20][21] UTI部门 - 2024年实现了两位数的收入同比增长,全年平均全日制活跃学生增长9.5%,第四季度增长9.2%,全年新学生入学人数增长6.7%,第四季度增长8.7%,第四季度收入增长13.2%至1.305亿美元,全年增长13.3%至4.864亿美元 [22][40][41][42] - 2025年预计增长势头将继续,HVACR项目在多个校区进展良好,2023年推出的14个项目表现良好,预计2025年将推出9个全长项目扩展和10个现金支付短期课程,2025年中期将进行品牌整合,提升运营效率 [23][24][34] 各个市场数据和关键指标变化 - 宏观环境对UTI和Concorde等学校有积极影响,更多人选择蓝领或技能型工作,行业在华盛顿有更公平的竞争环境 [14][15] 公司战略和发展方向和行业竞争 - 继续执行增长、多元化和优化战略,包括增加现有项目容量、在更多校区增加现有项目、推出新的热门项目,优化劳动力和设施,调整营销和招生投资 [10][11][12][13] - 2025年预计营收在8亿至8.15亿美元之间,反映出10%的同比增长,调整后EBITDA预计在1.2亿至1.24亿美元之间,新学生入学人数预计在2.8万至2.9万之间,计划每年在Concorde和/或UTI校区推出至少六个新项目,从2026年开始每年至少开设两个新校区 [31][32][34] - 继续探索战略收购机会,重点是增强在医疗保健领域的影响力 [61] 管理层对经营环境和未来前景的评论 - 对2024年的业绩感到满意,感谢团队、合作伙伴和学生的努力,对行业和公司在全国媒体上的持续积极认可感到高兴 [13] - 2024年的成果证明了第一阶段战略的有效性,对未来充满信心,将继续专注于扩大业务范围、拓宽项目领域和优化运营 [57][58] 其他重要信息 - 2024年第四季度增加了营销和招生投资,提高了营销和招生效率,未来将继续提高营销和招生效率 [38][98] - 2024年9月将循环信贷额度提高到1.25亿美元,并增加了一个手风琴功能,提高了财务灵活性 [45] - 2025年将开始对新校区项目进行第一波增长投资,预计投资约800万美元,不再将其作为非GAAP调整后EBITDA计算中的一次性调整 [52] 总结问答环节所有的提问和回答 问题:能否将2024年秋季与2023年秋季或2022年秋季相关数据进行对比? - 2022年秋季入学人数下降两位数,2023年秋季开始回升,2024年人们更倾向于技能型工作,证书和短期项目入学人数增加 [69] 问题:营销漏斗有何更新? - 加速了对Concord营销和招生团队的投资,取得了良好效果,并将继续投资 [71] 问题:2025年指导方针提高的原因是什么? - 对提升Concorde业绩更有信心,以及新增项目数量超过预期,两者各占一半原因 [75] 问题:共和党执政对公司基本面有何潜在影响及时间线? - 公司专注于自身业务,希望教育机构的税收地位不再是主要问题,而是成果更重要,如果这种心态转变在未来一年左右实现,将看到有利环境 [76] 问题:特朗普执政是否会改变SG&A费用、游说努力?是否有其他潜在项目增加? - 预计SG&A不会有重大变化,游说重点可能从中央政府转移到州政府,正在研究其他医疗保健领域,但2025年没有计划推出新项目 [81][82] 问题:2026年计划开设几个校区?2025年的自由现金流指导是否仍按原计划用于增加校区和项目? - 2026年将开设三个校区,2025年的资本支出用于将仓库改造成校区 [83][84] 问题:2025年新学生入学人数指导是否保守?原因是什么? - 2025年指导较为保守,因为2023年推出的项目在2025年达到峰值,2024年推出项目较少,2025年大部分新项目要到年中或年末推出 [85][86] 问题:2025年EBITDA利润率增长在UTI和Concorde部门是否均衡? - Concorde部门可能增长更强,因为在该部门新校区投资较少,且已进入第二个完整年,更注重利润率提升 [91] 问题:2025年计划推出多少个新项目? - 九个全长项目(UTI八个,Concorde一个),以及在Concorde校区推广更多短期课程 [93] 问题:营销和招生成本未来是否会保持当前水平? - 预计将继续提高营销和招生效率,降低成本 [98] 问题:UTI学生中军人或退伍军人的比例是多少? - 约15%,在新计算方法下,相关比例为78% [100] 问题:如果相关法规不变,是否有项目面临风险? - Concorde有两个小型按摩治疗项目接近监管红线,但无其他项目面临风险 [103]
Universal Technical Institute (UTI) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2024-11-21 07:16
Universal Technical Institute (UTI) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.33%. A quarter ago, it was expected that this school for auto, motorcycle and marine technicians would post earnings of $0.07 per share when it actually produced earnings of $0.09, delivering a surp ...
Universal Technical Institute(UTI) - 2024 Q4 - Annual Results
2024-11-21 05:06
Exhibit 99.1 Universal Technical Institute Reports Fiscal Year 2024 Fourth Quarter and Year-End Results PHOENIX, ARIZ. - November 20, 2024 - Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, reported financial results for the fiscal 2024 fourth quarter and the full year ended September 30, 2024. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) ...
UTI-Canton earns recognition as a Veteran Friendly Institution from the Michigan Veterans Affairs Agency
Prnewswire· 2024-11-13 05:15
CANTON, Mich., Nov. 12, 2024 /PRNewswire/ -- UTI-Canton (formerly MIAT-Canton) today announced it has received the silver-level award from the Michigan Veterans Affairs Agency, designating the campus as a veteran-friendly institution. UTI is Universal Technical Institute, Inc.'s transportation, skilled trades, and energy education division.The Michigan Veteran-Friendly Schools Program recognizes academic institutions committed to supporting the needs of veterans and military-connected students. UTI-Canton p ...
Universal Technical (UTI) Soars 11.2%: Is Further Upside Left in the Stock?
ZACKS· 2024-11-07 23:50
Universal Technical Institute (UTI) shares ended the last trading session 11.2% higher at $19.03. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10% gain over the past four weeks.This leading education stock gained on the expectations that some of the regulatory pressure on the industry will be eased after President-elect Donald Trump begins his term in January 2025.This school for auto, motorcycle and marine tech ...
Patterson-UTI: Prioritizing Free Cash Flow And Shareholder Returns
Seeking Alpha· 2024-10-28 08:48
Patterson-UTI (NASDAQ: PTEN ) reported its Q3 earnings last Thursday . The bad news is the company still isn't seeing a rebound in U.S. oil and gas drilling and completions activity, especially as a couple U.S. LNG export projects that would be Analyst's Disclosure: I/we have a beneficial long position in the shares of PTEN; NBR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...
Patterson-UTI Energy's Q3 Earnings Fall Y/Y, Sales Beat Estimates
ZACKS· 2024-10-24 19:51
Patterson-UTI Energy, Inc. (PTEN) reported third-quarter 2024 breakeven earnings per share, which missed the Zacks Consensus Estimate of a cent. The bottom line declined from the year-ago quarter's level of 20 cents. This year-over-year deterioration was mainly due to poor contribution from the Drilling Services, Completion Services and Other Services segments.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Total revenues of $1357 million beat the Zacks Consensus Estimate of $1289 ...
Patterson-UTI Energy to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2024-10-21 20:26
Patterson-UTI Energy, Inc. (PTEN) is set to report third-quarter earnings on Oct. 23. The Zacks Consensus Estimate for earnings is pegged at 1 cent per share and that for revenues is pinned at $1.29 billion.Let us delve into the factors that are likely to have influenced PTEN’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Highlights of Q2 E ...
Concorde Career College-San Antonio Awarded "School of the Year" by Career Colleges and Schools of Texas
Prnewswire· 2024-10-17 04:15
文章核心观点 - 康科德职业学院-圣安东尼奥校区(CCC)连续第二年被德克萨斯职业学院和学校协会(CCST)评为"年度学校" [1][2][4] - 该校在毕业率、就业率、社区服务和立法工作等方面表现出色,获得了CCST的高度认可 [2][3] - 该校所有项目的就业率都超过了80%,其中多个项目超过90%,物理治疗助理项目达到了100% [2] 根据相关目录分别进行总结 学校概况 - 康科德职业学院是一家专注于医疗健康领域的职业院校,在8个州拥有17个校区 [5] - 该校采用线上课程与实践实验相结合的混合教育模式,提供25个专业,为学生提供个性化支持 [5] - 该校获得了ACCSC和COE的认证 [5] 获奖情况 - 这是康科德职业学院连续第二年获得CCST"年度学校"的殊荣,之前的获奖校区是达拉斯校区 [4] - 该校还获得了2022-2023学年ACCSC"卓越学校"奖,表彰其在教育质量和学生成就方面的出色表现 [4] 社区贡献 - 该校牙科卫生专业的师生在推动一项突破性的州法律中发挥了重要作用,允许牙科卫生师为患者进行局部浸润麻醉 [3] - 该校牙科卫生专业的师生还通过"牙买加外展计划"前往金斯敦,为当地低收入家庭提供了超过300名儿童的口腔护理服务 [3]
Universal Technical Institute (UTI) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2024-10-02 22:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Sty ...