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Article: Universal Technical Institute, Inc. Reports 15% Net Revenue Growth and 15% Operating Income Margin for the Second Quarter of Fiscal 2006, Excluding Equity Based Compensation Expense.
- Article from:
- PR Newswire
- Article date:
- May 9, 2006
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PHOENIX, May 9 /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. , a provider of technical education training, today announced financial results for the second quarter of fiscal 2006, ended March 31, 2006.
Fiscal 2006 Second Quarter Operating Performance
Net revenues for the second quarter of fiscal 2006 were $88.7 million, a 14.5% increase from $77.5 million for the same quarter last year. The significant growth drivers during the second fiscal quarter were higher average student enrollment, an additional earning day in the current year quarter and tuition increases.
Income from operations for the second quarter of fiscal 2006 was ...