Universal Technical Institute Maintains Long-Term Goals Despite Enrollment Challenges in 2026
Universal Technical Institute (NYSE:UTI) reaffirmed its long-term financial targets for 2029, aiming for over $1.2 billion in revenue and approximately $220 million in EBITDA despite revising down its 2026 outlook to around $900 million in revenue with an expected EBITDA of $100–$103 million. The company cited a shift toward shorter, lower-cost skilled-trades programs as well as high-school recruiting disruptions at five campuses that led to about 1,000 fewer auto and diesel students. UTI plans for organic growth by adding between 10 and 20 new programs annually and opening two UTI and two Concorde Career Colleges campuses per year. The company expects annual construction spending of $110–$120 million to support this expansion, with a focus on achieving about 10% overall revenue growth over the next five years through same-store enrollment increases, pricing adjustments, and new campus openings.
Tickers: $UTI
Topics: education enrollment trends expansion strategy revenue guidance