Universal Technical Institute, Inc. (NYSE:UTI) Q4 2019 Earnings Conference Call - Final Transcript

Dec 02, 2019 • 04:30 pm ET


Universal Technical Institute, Inc. (NYSE:UTI) Q4 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript

Jerome A. Grant

to our Investor Relations firm, LHA, if you'd like to be -- if you'd be interested in meeting with us.

I'd like to take a moment to thank the entire team here at UTI for their continued hard work and success in attracting more students, achieving increased efficiency and improving outcomes for our students. This combination is rarely seen, much less achieved. Our customers service has also improved, as we remain focused on supporting our students on each step of their path towards successful careers. We have made significant progress in many elements of our growth strategy. And in 2020, we'll work to further refine our efforts.

We're focused on managing our own destiny with eyes on elements that are under our control, such as maintaining strong regulatory compliance, deepening our relationship with manufacturers and employers and providing industry-leading technical education that continues to place our graduates in such high demand. In 2020, we will begin to fully realize the benefits of our work. To optimize our business model, we will further refine the durable cost structure reductions executed in 2019, and we expect steady growth on student metrics, which will drive measurable improvement to cash flow and operating results.

In our current operating model and with the continued refinements we expect to make, we believe we can grow revenue, profitability and cash flow consistently going forward. Longer term, any change in the macroeconomic environment would further improve our expectations as we have the financial resources and infrastructure to further benefit from any tailwinds that would likely result.

Thank you again for your time today. We hope you all have a great week and a wonderful holiday season.


[Operator Closing Remarks]