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.

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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.

UTI reports robust Q4 earnings, eyes growth through program expansion

UTI's Q4 2024 performance reflects strong revenue growth and financial metrics, driven by successful strategies in marketing, program expansions, and operational efficiency.
Despite challenges related to regulatory compliance and cost optimization, UTI's strengths in divisional growth, campus recognition, and strategic planning position it well for future success.
With opportunities in revenue growth, program diversification, and operational optimization, UTI is poised to leverage its current momentum and strategic initiatives for sustained growth and competitiveness.

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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.

12,000 scholarships worth more than $17M awarded to UTI students since 2002 PHOENIX , Nov. 1, 2022 /PRNewswire/ -- Universal Technical Institute (UTI) joined forces with the Imagine America Foundation (IAF) more than 20 years ago and together has reached a milestone of 12,000 scholarships awarded to UTI students between 2009 and 2022. This fall, additional $1,000 IAF scholarships were distributed to a diverse group of candidates, including military personnel, service veterans, career-transitioning adults, and recent high school graduates all attending UTI.

Universal Technical Institute & Imagine America Foundation Celebrate Scholarship Program's 20th Anniversary

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12-week Volvo TEKNIKER Apprentice Program only offered at two UTI locations PHOENIX, Ariz. , Oct. 4, 2022 /PRNewswire/ -- Universal Technical Institute (UTI) and Volvo Car USA (Volvo) are offering a new opportunity for UTI students on the East Coast who are interested in becoming certified Volvo technicians.

Universal Technical Institute and Volvo Car USA Expand Manufacturer-Paid Advanced Training Program

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Organization recognized for encouraging high school girls to pursue STEM education and careers PHOENIX , Sept. 22, 2022 /PRNewswire/ -- Universal Technical Institute (UTI) has been recognized for inspiring high school girls to consider technical training and a skilled trades career by its accrediting body.

Universal Technical Institute Earns "Excellence in Community Service" Award from Accrediting Commission of Career Schools and Colleges

Technical training school honored for academic achievement and commitment to industry-aligned education CANTON, Mich. , Sept. 14, 2022 /PRNewswire/ -- MIAT College of Technology-Canton, which is part of the Universal Technical Institute (UTI) family of schools, has been awarded one of the most prestigious institutional achievements given by the Accrediting Commission of Career Schools and Colleges (ACCSC), the "School of Distinction" award for 2021-2022.

MIAT College of Technology Canton Earns "School of Distinction" Recognition from Accrediting Commission of Career Schools and Colleges

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Top three winners earn a combined $50,000 in awards. PHOENIX , Aug. 17, 2022 /PRNewswire/ --  Universal Technical Institute (UTI) has awarded tuition grants to three female students planning to pursue a STEM education and career after they graduate high school.

Universal Technical Institute and IGNITE Worldwide Award Tuition Grants To Female Students Pursuing STEM Education This Fall

New Miramar campus part of company's strategic growth and expansion initiatives MIRAMAR, Fla. , Aug. 9, 2022 /PRNewswire/ --  Universal Technical Institute  (NYSE: UTI) is pleased to announce the opening of its new Miramar, Fla.

Universal Technical Institute Opens 2nd New Campus in 2022, Bringing Industry-Aligned Automotive, Diesel and Welding Technology Training to South Florida

Universal Technical Institute, Inc. (NYSE:UTI ) Q3 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Matt Kempton - VP of Corporate Finance Jerome Grant - CEO Troy Anderson - CFO Conference Call Participants Eric Martinuzzi - Lake Street Steven Frankel - Rosenblatt Securities Operator Good day, and welcome to the Universal Technical Institute's Third Quarter Fiscal 2022 Earnings Conference Call. All participants will be in listen-only mode.

Universal Technical Institute, Inc. (UTI) CEO Jerome Grant on Q3 2022 Results - Earnings Call Transcript

PHOENIX , Aug. 3, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, reported financial results for the fiscal 2022 third quarter ended June 30, 2022. New student starts increased 25.0% from the prior year quarter and average undergraduate full-time active students increased 11.4%.

Universal Technical Institute Reports Fiscal Year 2022 Third Quarter Results

Universal Technical (UTI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Universal Technical Institute (UTI) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Universal Technical Institute (UTI) a Great Value Stock Right Now?

PHOENIX , July 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 third quarter of fiscal year 2022 on Wednesday, August 3, 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 Third Quarter Fiscal Year 2022 Results on August 3, 2022

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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.

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