Jerome. you, Thank
capitalize can this for our more growth, superior on has its significant and such drivers today's even As students industry technical needs to trained juncture we UTI provide and momentum effective in to I'm highly critical education operating business momentum significant, while generate efficient implementing joined and generated long-term confident have I'm a our its UTI technicians. show and to partners profitable processes. results continuing key and excited improving at history, meeting
Yessner, I seamless a start, in CFO, to partnership like I thank our ensuring his for former would Scott Before Interim transition.
above results. the the higher $XXX.X as full-time driven of to Now our X.X% ended end student. compared both and revenue fiscal enrollment million, higher up year of and average guidance. XXXX per to This We by revenue high with X.X% last was
the of the first quarter of mentioned, fiscal the growth, revenue million Fourth fiscal XXXX. and is was quarter Jerome this increased quarter since reflects XXXX full since seasonally X.X% X.X% revenue higher revenue our As revenue year is $XX.X than highest due enrollment per of increase in to The being student higher more the full-time XX% student. starts and revenue average fourth year-over-year quarter. quarter, second
our show adult starts, growth student student XX% new macro positive metrics headwinds. spend particularly strong over and the of on of Military same-store were growth growth representing segments, In continued quarter, applications, all starts high notable starts. school Fourth Let high in XX.X%, key and growth given quarter which XX% showed three rate up adult retention. school, year-over-year and growth. minutes our me existing a military, few start segment came very of from the was was the is campuses, with the
Our contributed Bloomfield the other XX%. campus
the Bloomfield open start XX.X% year have growth expectations. will Full Now forward. and new year, exceeded a our starts our student has full increased impact been it going on less to
year year military. with our The school growth XX% higher school also full with representing leading was increasing three the relatively and the stores high contributed For segment with Full of XX% XX% all and to from across performance and year, we to segments way start prior good coming saw adult high same across of mix over slightly the consistent growth Bloomfield. compared rate. year full due starts the growth
student segment, we while applications saw year-over-year. modest X.X% adult. new high by driven quarter military in our Growth and increased school was declines Fourth
X.X% in marketing heightened applications programs. new lead applications more focus articulation year and the in quick Full As we generation are high feeling on pressure at military, starts reflect increases expanded retention on impact prior base and school, access in we've rep In mix, on unemployment leads, new experiencing increased lows. all-time calls, of bonuses grant discussed student veteran soldier generated year-over-year. and our
Similar is adult with modest theme and showing decreases. school this high and increasing military QX
student the rate show including showed efforts, and in to improved points starts segments basis XXX in higher effectiveness operations. and campus were adult broad-based basis XXX Our our increased points and by to particularly year. and strategies refinements Improvements military. full which the QX All grant for contributed improvement, across contact driven
our our saw increases. and improved also retention We student in to improvement higher retention starts measures. The led student key combination of average overall
across addition we to compared services durable This many first in categories, with fiscal expenses full-year driving effective employee-related expenses. transformation with compensation contract being advertising marketing, structure, was continue broad-based the driven build and taking revenue of reductions targeted the and drivers by an In cost in to improvements growth, to quarter million the $XX.X our consultant primary and lower steps significant efficient operating to XXXX. in due cost exit lower decreasing and
primarily year-over-year. fourth In year approximately We XXX quarter, continued operating these ago. operations. We X,XXX and focus year with expenses $X.X is ended the efficiencies employees, with our million the decreased attrition roughly on reductions across which a fewer through than achieved driving
EBITDA was was fourth million, in a operating QX revenue a year's $X.X million. was second income, loss, the quarter higher the of structure, as was $XX.X operating operating million. operating $X.X adjusted compared since fiscal of operating result adjusted Adjusted loss improved million was of quarter $XX.X to year and negative million, quarter, over income fact improvement In to million income EBITDA quarter prior year $X.X the the the of for first $X.X the a cost Adjusted last prior XXXX. of which compared quarter
adjusted our of operating reminder, Bloomfield cost with a results our Norwood the transformation and the exclude As exit, associated consultant start-up engagements. impact
prior cash $XX.X starts. year cash bank, new revenue with profitability including without need and operating adjusted was the of continue full and of XXXX and ended was year the strong our $XX.X our with loss million million exceeding million flow to $X.X from than We million, operating loss of $XX.X a million, QX $XX.X results improvement the loss with our increasing result, to improved a student fiscal sheet, free loss year third-party the $XX.X flow unrestricted In to operate increasing $XX by deferred our million a adjusted we significantly driven cash increased of versus debt. balance million flow by million. end by and EBITDA both both we of increased better and also $X.X improved expectations adjusted adjusted The million, $XX free the which negative of EBITDA delivered for adjusted our cash and expectations. associated We the
by fiscal our Before I are compromising we and XX,XXX rightsizing XXXX, approximately square and few serve of The students Jerome being surrounding Exton, outlook, of our at XXXX will feet. Exton discuss of successful $X most by the operating to will ability our rightsizing FY $X.X million generate at efficiencies mentioned, campus, million several Pennsylvania recent in over approximately to and and states. industry our have increase conducted partners years, reducing campuses, with Pennsylvania in footprint without 'XX, legacy where our as initiatives last the optimization we
the Exton of note, improvements. million $X.X Upon completing cost real our will footprint. reducing estate achieved these It's over annualized initiatives far extend just have greater we rightsizing, to than important
like new programs the welding several campuses. density and of opened existing we and our have CNC are We machining increasing and campuses of existing also
through As at more support innovative way Dallas envisioned solutions, we in students space improving student we utilization engagement improvement increased and the throughout that team an the XX% our the also while experience, significant to campus, higher drive a than profitability. example, such over can This has our campus. interaction originally
ongoing to work real we footprint. opportunities as for estate throughout have our been efforts date, much incremental While these efficiencies done multiple has are
updates We on new further these as will provide information efforts available. becomes
expectations, XXXX XXXX. As Xst, we that October lease important standard under adopted we effective XXX discuss FASB the note one our fiscal is ASC new
impacts, found release. the will I press certain the As these all additional details respective the in and adjusted such, important metrics. as be operating I operating out on build-to-suit from non-cash reflect these It's impacts EBITDA to operating in impacts to change are income call speak expenses, our treatment income, adjusted all can note, leases.
expectations. look Now, XXXX our at full-year
grow are and to starts X.X%. expected X.X% between student New
in an fiscal our high our students XX% over population, starts start of of in our occur overall of mix this a much starts As student growth fourth having will coming higher school reminder, from quarter. our with new
fully lapped we opening. the campus Bloomfield Additionally, have
of the are growth XXXX. Given first these tempered factors, both we in start half of expecting more fiscal
note, mix fiscal XXXX versus see June. July and start in of XXXX, between item shift we fiscal higher Another a expect to starts to of QX of a due date
we year-over-year to our continued student our increase start in a population. With X% X% growth, average expect
X% estimated revenue second net growth expect Norwood and revenue and million. with We exit. the to between This XXX includes the points year-over-year of an negative from impact X% million $XXX basis year revenue to equates points total $XXX to campus growth consecutive ranging XXX basis of
For estimated the and improvement $XX actions, million operating million our drive expenses, of our fiscal expenses operating resulting of operating improvements, in measurable ranging would be addition improvements income and we $X.X will of $XXX fiscal an adjusted XXXX revenue operating very between lower new $XX $XX the structure operating cost would $X.X and incremental income income see $X million. and higher lease The million million million, cost operating adjusted to both flow-through million million between and $XXX between in lower, expectation XXXX. standard, an higher. over be operating Pre income and while expenses estimated
range flow related for transition. EBITDA, to negative EBITDA or between of estimated costs for reflect operating million free impacts adjusted income to higher, adjusted Adjusted be exit cash $X.X with new to an Adjusted $XX.X our and would Norwood adjusted CEO $XX.X fiscal expected $X.X million. Pre lease campus adjustments million approximately the the associated and $XX.X XXXX, is and million EBITDA standard $XX.X million. the million
improvements free flow ability capital ROI $XX.X cash strength million. is continue million from high supports range generation expenditures range are the million profitability of in $X.X regulatory $X and on $XX focus in strong to strategy new financial range $XX expected including ratios. expected million. cash result Adjusted This $XX.X a Capital cash, a company's to identifying between operating to disciplined million. from expected our investments, efficient to opportunities deployment on to its growth and use the of is continued cash As to focused flow and million
the planned. proceeding about XXXX, as comment campus exit facility Norwood fiscal teach-out additional One and are
of the fiscal the complete improvements and our about drive students supporting encouraged facility fourth UTI the to their I'm expect well also and excited We the our during plans as and passion financial partners. from opportunities us. across industry the for that our everyone XXXX, very teach-out I'm efforts lie and to ahead vacate team performance, by for the continuous in operating as quarter.
turn now I'll that, to call With the over back Jerome.
