Universal Technical Institute

Universal Technical Institute, Inc. engages in the provision of transportation and technical training programs. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, welders, and CNC machining technicians. The Other segment provides manufacturer-specific training which is managed separately from campus operations. The company was founded by Robert I. Sweet in 1965 and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

UTI reports solid Q1 earnings, eyes growth opportunities ahead

UTI's Q1 2023 performance met expectations, showcasing financial stability and growth potential.
The company's strategic strengths include successful acquisitions, strong lead generation, and proactive investments in key channels.
Challenges such as inflation impact on adult students and weak military channel performance require targeted solutions for sustained growth.
Opportunities in building relationships, leveraging acquisitions, and enhancing recruitment strategies position UTI for future growth and success.

UTI reports robust Q2 earnings, eyes growth amid regulatory challenges

UTI shows strong financial performance in Q2 2023, exceeding revenue expectations and maintaining solid adjusted EBITDA.
Challenges persist with regulatory approvals and negative cash flow, but opportunities exist in workforce solutions and financial support.
The company remains focused on growth, with confidence in future revenue and EBITDA projections for fiscal 2024.
UTI's strategic initiatives position it well to navigate challenges and capitalize on growth opportunities in the education sector.

Universal Technical Institute (UTI) exceeds Q3 revenue expectations, boosts guidance

Universal Technical Institute (UTI) demonstrated robust performance in Q3 2023, surpassing revenue targets and strengthening its financial outlook. While facing challenges in meeting tightened revenue guidance, UTI remains well-positioned to leverage opportunities for growth and capitalize on its recent successes.

Universal Technical Institute exceeds targets, eyes growth and collaborations

UTI's strong performance in 2023 sets the stage for continued growth in 2024. With revenue and new student starts expected to rise, UTI is optimistic about sustained profitability and expansion.

UTI reports solid Q1 results, eyes growth through partnerships

UTI's Q1 2024 performance met expectations, with revenue and EBITDA in line and a focus on student outcomes and operational efficiency.
The company showcased strengths in growth progress, industry partnerships, and leadership team enhancements, positioning itself for strategic advancement.
Challenges include regulatory compliance, cash allocation decisions, and maintaining performance metrics, while opportunities lie in expansion, M&A, and operational optimization.

UTI reports robust Q2 earnings, eyes growth through partnerships

UTI's Q2 2024 performance reflects strong operational and financial results, driven by growth in student starts, revenue, and adjusted EBITDA.
The company's strategic focus on partnerships, program innovation, and student success underscores its commitment to sustainable growth and industry relevance.
While facing challenges in student retention and program expansion, UTI is well-positioned to capitalize on opportunities for growth, diversification, and market demand.
Management's emphasis on transparency, stakeholder engagement, and continuous improvement signals a proactive approach to navigating industry dynamics and driving long-term success.

UTI reports robust Q3 earnings, outlines growth strategies for future

UTI's Q3 performance reflects a mix of successes and challenges across its divisions, with a strong financial showing overall.
Strategic initiatives like the North Star Strategy and partnerships with industry players position UTI well for future growth and diversification.
Addressing enrollment shifts, optimizing marketing strategies, and managing operational changes will be key focus areas for UTI's sustained success.

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Universal Technical Institute, Inc. engages in the provision of transportation and technical training programs. It operates through the following segments: Universal Technical Institute, Concorde Career Colleges, and Corporate. The Universal Technical Institute segment focuses on the provision of training programs, which include student-paid electives, and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. The Concorde Career Colleges segment is involved in offering degree, non-degree, and continuing education programs in the allied health, dental, nursing, patient care, and diagnostic fields. The Corporate segment refers to the related expenses that are not allocated to the Universal Technical Institute or Concorde Career Colleges reportable segments. The company was founded by Robert I. Sweet in 1965 and is headquartered in Phoenix, AZ.

Addition is part of Russell indexes' annual reconstitution and reflects strong business performance and value creation from the Company's growth and diversification strategy. PHOENIX , June 27, 2022 /PRNewswire/ -- Universal Technical Institute (UTI) (NYSE: UTI) has re-joined the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens today.

Universal Technical Institute Re-Joins Russell 3000® Index

First Place Professionalism Award; Fourth Place Overall (Schools) 16th Place Overall out of 73 Total Teams HOUSTON , June 16, 2022 /PRNewswire/ -- MIAT College of Technology's (MIAT) Aviation Maintenance Program students, the MIAT Mustangs, participated in its first Aerospace Maintenance Competition (AMC) in Dallas, Texas in late April. The team of five students and one alternate, all currently enrolled in the school's Part 147 FAA (Federal Aviation Administration) certification programs, came away with $6,000 in cash awards, tools valued at $1,800 and their arms full of awards: first place United Airlines Competing with Professionalism Award, fourth place overall against 29 other aviation maintenance school teams, 16th place overall out of 73 total teams (combined schools and professional aviation-related companies), and first place in five different events (schools).

MIAT College of Technology's Aviation Maintenance Students Earn Top 5 Placement at Their First Aerospace Maintenance Competition in Dallas, Texas

Execution of the MIAT College of Technology program expansion drives growth and diversification, gives students additional training opportunities for in-demand careers PHOENIX , June 9, 2022 /PRNewswire/ --  Universal Technical Institute (UTI) is executing on the next phase of its growth and diversification strategy by adding 15 new programs across its campus footprint, including Aviation, HVACR, Robotics, Industrial Maintenance and Wind Energy Technician training to UTI and NASCAR Technical Institute (NTI) branded campuses, and initiating efforts to add Auto and Diesel Essentials to the MIAT Canton, Michigan campus.   With the recent acquisition of the MIAT College of Technology, and the subsequent integration largely completed, the company is implementing its plan to introduce MIAT programs to its UTI and NTI institutions.

Universal Technical Institute Will Add 15 New Programs in Transportation and Skilled Trades Across Its National UTI/MIAT Campus Footprint

Free, three-week summer "Ignite" program lets students test drive a technical education PHOENIX , May 18, 2022 /PRNewswire/ -- As part of its ongoing effort to address workforce need for skilled transportation technicians, Universal Technical Institute  is bringing its three-week Ignite program back to full capacity at its UTI campuses nationwide this summer. The program, which is free to high school juniors, offers students an introduction to the training they'll need to prepare to enter the workforce as a technician in the transportation industry.

Universal Technical Institute Opening Its Campuses to High School Juniors Interested in Automotive Technician Training

Taps Company Veteran, Julie Mueller, as Campus President AUSTIN, Texas , May 17, 2022 /PRNewswire/ -- Yesterday, Universal Technical Institute 's (UTI) Austin Campus opened its doors to students. As the third UTI school in Texas, the opening of UTI-Austin is part of UTI's ongoing growth and diversification strategy to broaden the reach of its skilled trade programs to high demand geographies.

Universal Technical Institute Celebrates Opening of Austin Campus

Universal Technical Institute, Inc. (NYSE:UTI ) Q2 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Matthew Kempton - VP of Corporate Finance Jerome Grant - CEO Troy Anderson - CFO Conference Call Participants Rajiv Sharma - B. Riley FBR Mark Hagan - Lake Street Capital Markets Operator Good day, and welcome to the Universal Technical Institute's Second Quarter Fiscal Year 2022 Earnings Conference Call.

Universal Technical Institute, Inc. (UTI) CEO Jerome Grant on Q2 2022 Results - Earnings Call Transcript

PHOENIX, May 4, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, reported financial results for the fiscal 2022 second quarter ended March 31, 2022. Revenue increased 31.4% to $102.1 million in the second quarter compared to the prior year quarter.

Universal Technical Institute Reports Fiscal Year 2022 Second Quarter Results

Expands Universal Technical Institute, Inc.'s career-focused education brand portfolio into certificate, credential, and degree-granting healthcare programs.  Concorde offers over 20 programs across the Allied Health, Dental, Nursing, Patient Care, and Diagnostic fields.

Universal Technical Institute, Inc. to Acquire Concorde Career Colleges, Inc., a Leading Provider of Healthcare Education Programs

Campuses celebrate Skilled Trades Day by welcoming prospective students, graduates and employers PHOENIX , April 22, 2022 /PRNewswire/ -- Universal Technical Institute  (UTI) and its network of UTI and MIAT campuses nationwide1 will be celebrating Skilled Trades Day on Wednesday, May 4, by opening its doors to the community, and showing prospective students the career opportunities available to graduates who've trained in the skilled trades.   The "Open Doors" event will simultaneously be held on most of UTI's campuses and online, making it accessible to anyone interested in learning more about UTI's training programs, including automotive, diesel, motorcycle and marine technician training, welding, and CNC machining.

Universal Technical Institute & MIAT Open Doors to New, In-Demand Careers During National Open House Event

United Airlines to Sponsor MIAT Mustangs HOUSTON , April 21, 2022 /PRNewswire/ -- MIAT College of Technology's (MIAT) Aviation Maintenance Program students will participate in their first Aerospace Maintenance Competition (AMC) in Dallas, Texas from April 25-28. The MIAT Mustangs will field a team of six students and one alternate all currently enrolled in the school's Part 147 FAA (Federal Aviation Administration) certification programs.

UTI's MIAT College of Technology's Aviation Maintenance Students to Compete in Annual Aerospace Maintenance Competition in Dallas, Texas April 25-28

PHOENIX , April 20, 2022 /PRNewswire/ --  Universal Technical Institute , Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, today announced that it plans to report results for the second quarter of fiscal year 2022 on Wednesday, May 4, 2022, after market close. Jerome Grant, chief executive officer, and Troy Anderson, chief financial officer, will host a conference call at 4:30 p.m.

Universal Technical Institute to Release Second Quarter Fiscal Year 2022 Results on May 4, 2022

Panel of successful women encourages students to broaden their education, apply for  tuition grants PHOENIX and MOUNTLAKE TERRACE, Wash. , April 5, 2022 /PRNewswire/ -- Universal Technical Institute  (UTI) and IGNITE Worldwide recently brought together high schools in nine states from across the country together for a virtual panel featuring a group of incredible women working in the automotive and motorsports industries.

Universal Technical Institute and IGNITE Worldwide Host Virtual Conference to Inspire Girls to Pursue STEM Careers

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Here's Why Momentum in Universal Technical (UTI) Should Keep going

Timothy Dauber named as UTI-Orlando campus president; Campus footprint now optimized with UTI and MMI programs taught at the same location ORLANDO, Fla. , March 29, 2022 /PRNewswire/ --  Universal Technical Institute (UTI) is pleased to welcome Timothy Dauber as the new Campus President at UTI-Orlando, just as the campus completes its optimization project by merging its motorcycle and marine (MMI) technician training programs with UTI's automotive and diesel technician training on site.

Universal Technical Institute-Orlando Names New Campus President and Completes Campus Consolidation

Win-win collaboration benefits UTI students who receive frontline experience, competitive wages and student loan reimbursements; LRS builds a valuable pipeline of well-qualified future mechanics LISLE, Ill. , March 24, 2022 /PRNewswire/ -- Universal Technical Institute (UTI) is expanding its Early Employment Program at its Lisle, Ill.

Universal Technical Institute-Lisle Offers Students Enhanced Training and Skills Through Expansion of Early Employment Program with Waste Diversion Leader LRS

Courseware will address demand for technicians with electric vehicle battery knowledge & skills PHOENIX , March 15, 2022 /PRNewswire/ -- Universal Technical Institute  (UTI) has selected Bosch to support the development of new courseware that helps meet the needs of the growing electric vehicle (EV) market, which continues to see record sales and a demand for skilled technicians. The new courseware is another step in UTI's overall EV strategy, which also includes enhancing and offering new EV certifications in some of its manufacturer-specific advanced training (MSAT) programs and developing new training models and partnership opportunities to expand UTI's overall EV ecosystem.

Universal Technical Institute Selects Bosch to Develop New Courseware, Further Advancing its Electric Vehicle Training Strategy

PHOENIX , March 10, 2022 /PRNewswire/ --  Universal Technical Institute (UTI) a leading provider of transportation and skilled trade education and training is pleased to welcome Shannon Okinaka, Executive Vice President and Chief Financial Officer for Hawaiian Airlines, to the UTI Board of Directors effective March 9, 2022. Ms. Okinaka will also serve as a member of the Audit Committee.

Universal Technical Institute welcomes Shannon Okinaka to its board of directors and announces the retirement of Kim McWaters from her director role

ORLANDO, Fla., Feb. 28, 2022 /PRNewswire/ --  Universal Technical Institute  (UTI) has launched the first session of its new BMW FastTrack technician training programs at the Orlando, Fla.

Universal Technical Institute-Orlando Launches BMW FastTrack Technician Training Program to Help Meet Demand for Automotive Technicians

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Recent Price Trend in Universal Technical (UTI) is Your Friend, Here's Why

PHOENIX, Feb. 22, 2022 /PRNewswire/ -- Universal Technical Institute  (UTI) is rolling out new curriculum in its Ford FACT (Ford Accelerated Credential Training) program to prepare its students to keep the next generation of vehicles on the road. Automotive technicians are in demand, and as the electric vehicle (EV) market continues to grow, those with knowledge of high voltage batteries and electric vehicles have become essential to automakers like Ford.

Universal Technical Institute and Ford Team Up to Prepare Nation's Future Technicians for Electric Vehicle Repair and Maintenance

PHOENIX, Feb. 16, 2022 /PRNewswire/ -- Universal Technical Institute (UTI) (the Company) announced today the completion of a series of transactions resulting in the 100% ownership of its Lisle, Ill. campus through a wholly owned subsidiary, 2611 Corporate West Drive Ventures, LLC (2611 CWD).

UTI Announces Purchase of Lisle, Ill Campus from Joint Venture Partner

What Makes Universal Technical (UTI) a Good Fit for "Trend Investing"

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Universal Technical Institute, Inc. (UTI) CEO Jerome Grant on Q1 2022 Results - Earnings Call Transcript

Universal Technical (UTI) delivered earnings and revenue surprises of 2,600% and 8.89%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Universal Technical Institute Stock (UTI)