|
|
Article: Universal Technical Institute, Inc. Reports 11% Net Revenue Growth and 8% Operating Income Margin for the Third Quarter of Fiscal 2006, Excluding Equity Based Compensation Expense.
- Article from:
- PR Newswire
- Article date:
- August 8, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PHOENIX, Aug. 8 /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. , a provider of technical education training, today announced financial results for the third fiscal quarter, ended June 30, 2006.
Fiscal 2006 Third Quarter Operating Performance
Net revenues for the third quarter of fiscal 2006 were $84.1 million, a 10.6% increase from $76.1 million for the same quarter last year. The growth drivers during the third fiscal quarter were primarily tuition increases and higher average student enrollment.
Income from operations for the third quarter of fiscal 2006 was $6.8 million excluding equity based compensation expense of $1.1 ...