Universal Technical Institute Unveils Next Phase Of Its North Star Strategy; Strategy Expected To Deliver Approximately 10% Revenue CAGR
Portfolio Pulse from Benzinga Newsdesk
Universal Technical Institute (UTI) has unveiled the second phase of its North Star Strategy, which is expected to deliver approximately 10% revenue CAGR and expand its Adjusted EBITDA margin to nearly 20% through fiscal 2029. The company has shown significant growth in revenue and adjusted EBITDA from fiscal year 2019 to fiscal year 2024.
August 05, 2024 | 8:30 pm
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Universal Technical Institute (UTI) has announced the second phase of its North Star Strategy, targeting a 10% revenue CAGR and nearly 20% Adjusted EBITDA margin through fiscal 2029. The company has demonstrated strong growth in revenue and adjusted EBITDA from fiscal year 2019 to fiscal year 2024.
The announcement of the second phase of the North Star Strategy with ambitious revenue and EBITDA targets is likely to positively impact UTI's stock price in the short term. The company's historical growth in revenue and EBITDA further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100