Universal Technical Institute, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 184.18 million compared to USD 163.82 million a year ago. Net income was USD 7.79 million compared to USD 3.48 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.04 a year ago.
For the six months, sales was USD 358.87 million compared to USD 283.82 million a year ago. Net income was USD 18.18 million compared to USD 6.13 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.07 a year ago.