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.

UTI campuses to benefit from industry expertise PHOENIX , April 21, 2023 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades, and energy education programs, is joining forces with 3t Energy Group, a global training powerhouse, to enhance and expand the UTI family of school's Wind Power Technician training program, currently offered at its MIAT campuses in Canton, Mich , and Houston, Texas . The new agreement means 3t Energy Group will review UTI's training facilities, help design the curriculum and train its instructors in the development of Global Wind Organisation (GWO)-accredited safety and skills training.

Universal Technical Institute and 3t Energy Group Team Up to Help Meet High Demand for Wind Turbine Technicians

Lorenz brings more than 20 years of growth-oriented higher education executive leadership to the organization PHOENIX , April 6, 2023 /PRNewswire/ -- Universal Technical Institute Inc. (NYSE: UTI) ("the Company"), a leading workforce solutions provider of transportation, skilled trades, energy, and healthcare education programs announced today the appointment of Tracy Lorenz as President of the Universal Technical Institute ("UTI") division, which is comprised of the Company's transportation, skilled trades, and energy offerings. "Tracy is a proven leader who is growth-oriented and has more than 20 years of experience in higher education," said Grant.

Universal Technical Institute Hires Tracy Lorenz to Lead the Company's Transportation, Skilled Trades, and Energy Division

Diesel students at six UTI campuses eligible to apply PHOENIX , March 28, 2023 /PRNewswire/ -- Universal Technical Institute (UTI) , a division of Universal Technical Institute, Inc. (NYSE: UTI) and a leading workforce solutions provider of skilled trades education programs, is announcing another Early Employment Program partner, RDO Equipment Co. (RDO), a diesel equipment dealer with more than 75 stores across the U.S. RDO also offers parts, service, and full support, which is where UTI diesel students are needed. Students enrolled in the diesel program at six UTI campuses, including Avondale, Ariz.

Universal Technical Institute Welcomes New Early Employment Partner RDO Equipment Co., Offering Students Real-World Experience and Tuition Reimbursement Opportunity

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Follows successfully completing the consolidation of UTI-Orlando and MMI-Orlando into a single site in 2022 Purchase price of $26 million to be funded from cash on hand Expected to generate approximately $2 million of annual adjusted EBITDA benefit and approximately $500 thousand of annual after tax cash savings PHOENIX , March 22, 2023 /PRNewswire/ -- Universal Technical Institute (UTI), a division of Universal Technical Institute, Inc. (NYSE: UTI), and a leading workforce solutions provider of transportation, skilled trades, and energy education programs, announced today the purchase of the three buildings it fully occupies at its Orlando, Fla. campus, which offers technician training programs in automotive, diesel, motorcycle and marine.

Universal Technical Institute Announces Purchase of Primary Buildings at Orlando, Florida Campus

UTI campuses earn Military Friendly School distinction for 2022-2023 PHOENIX , March 14, 2023 /PRNewswire/ -- Universal Technical Institute (UTI), a division of Universal Technical Institute, Inc (NYSE: UTI), and a leading workforce solutions provider of transportation, skilled trades and energy education programs, is announcing it has once again earned the Military Friendly® School designation, which accounts for student retention and graduation and job placement rates, among other criteria. UTI's campuses in Avondale, Ariz.

Universal Technical Institute Recognized for Efforts to Train America's Veterans for In-Demand Careers

The consensus price target hints at a 43.4% upside potential for Universal Technical (UTI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Universal Technical (UTI)? Wall Street Analysts Think 43.44%

The Company continues to expand its offerings in education, training, and workforce solutions and adds an industry expert to help guide Healthcare education and training expansion PHOENIX , March 2, 2023 /PRNewswire/ -- Universal Technical Institute Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, today announced that Michael A. Slubowski will join its Board as an independent director, effective March 1, 2023.

Universal Technical Institute Appoints Michael Slubowski to Board of Directors

Universal Technical (UTI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Universal Technical (UTI) Run Higher on Rising Earnings Estimates?

The consensus price target hints at a 40% upside potential for Universal Technical (UTI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can Universal Technical (UTI) Climb 40.03% to Reach the Level Wall Street Analysts Expect?

Universal Technical Institute, Inc. (NYSE:UTI ) Q1 2023 Earnings Conference Call February 8, 2023 4:30 PM ET Company Participants Matt Kempton – Vice President, Corporate Finance Jerome Grant – Chief Executive Officer Troy Anderson – Chief Financial Officer Conference Call Participants Eric Martinuzzi – Lake Street Steve Frankel – Rosenblatt Raj Sharma – B. Riley Operator Good afternoon, and welcome to the Universal Technical Institute First Quarter Fiscal 2023 Earnings Conference Call.

Universal Technical Institute, Inc. (UTI) Q1 2023 Earnings Call Transcript

PHOENIX , Feb. 8, 2023 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, whose mission is to serve students, partners, and communities by providing quality education and support services for in-demand careers across a number of highly-skilled fields, reported financial results for the fiscal 2023 first quarter ended December 31, 2022. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company", "we," "us" or "our.

Universal Technical Institute Reports Fiscal Year 2023 First Quarter Results

PHOENIX , Jan. 18, 2023 /PRNewswire/ -- Universal Technical Institute , Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, today announced that it plans to report results for the first quarter of fiscal year 2023 on Wednesday, February 8, 2023, 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 First Quarter Fiscal Year 2023 Results on February 8, 2023

Universal Technical Institute posted solid FY22 results. Their revenues rose by 25% annually.

Universal Technical Institute: Solid Annual Results

Universal Technical's (UTI) fourth-quarter fiscal 2022 results are impressive, but fiscal 2023 earnings views pose a risk.

Universal Technical (UTI) Q4 Earnings Beat, Stock Declines

Universal Technical Institute, Inc. (NYSE:UTI ) Q4 2022 Earnings Conference Call December 12, 2022 8:30 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 Raj Sharma - B. Riley Operator Good day, and welcome to the Universal Technical Institute's Fourth Quarter Fiscal 2022 Earnings Conference Call.

Universal Technical Institute, Inc. (UTI) Q4 2022 Earnings Call Transcript

PHOENIX , Dec. 12, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, reported financial results for the fiscal 2022 full year and fourth quarter ended September 30, 2022.  Full year revenue of $418.8 million in 2022, an increase of 25.0% compared to the prior year, and $110.6 million in the fourth quarter, up 13.5% compared to the prior year quarter.

Universal Technical Institute Reports Fiscal Year 2022 Fourth Quarter and Year-End Results

Positions Universal Technical Institute to Seize Opportunity in High-Growth, High-Demand Healthcare Education Market Significantly Accelerates Ongoing Growth and Diversification Efforts in Conjunction with Existing Initiatives to Meet Increasing Demand from Employers and Students Universal Technical Institute and Concorde Career Colleges Together Now Serve 20,000+ Students Across 14 States and 33 Locations with Significant Opportunities to Expand to Meet Varied Workforce-Training Needs Concorde CEO Jami Frazier Joins the Universal Technical Institute Senior Leadership Team as President of the Healthcare Division PHOENIX , Dec. 1, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation and skilled trades education programs, today announced the close of its acquisition of Concorde Career Colleges, Inc. ("Concorde"),  which offers more than 20 programs across the Allied Health , Dental , Nursing , Patient Care , and Diagnostic  fields. The acquisition expands Universal Technical Institute's portfolio of offerings into the higher-growth healthcare arena and creates the opportunity to bring workforce educational solutions to a broader array of students and employers.

Universal Technical Institute Expands Platform of Workforce Solutions Offerings with Completion of Concorde Career Colleges, Inc. Acquisition

Company to Hold Earnings Call on Monday, December 12 to Discuss Fiscal 2022 Results PHOENIX , Nov. 21, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, today announced select preliminary, unaudited financial results for the full fiscal year ended September 30, 2022. Highlights Final full-year results expected to be in line with guidance Established new $100 million revolver agreement to further strengthen capital position Continued progress towards closing of Concorde Career Colleges acquisition Select Preliminary, Unaudited Financial Results for Full Fiscal Year 2022 Revenue of approximately $418.8 million Currently anticipate adjusted EBITDA of not less than $55.0 million (see non-GAAP information below) New student starts of approximately 13,374, or growth of approximately 2.7% year-over-year Update on Concorde Career Colleges Acquisition The Company continues to work towards closing the acquisition of Concorde Career Colleges, Inc., originally announced on May 3, 2022.

Universal Technical Institute Reports Preliminary, Unaudited Financial Results for Full Fiscal Year 2022; Provides Updates on Concorde Acquisition and New Financing Agreement

On-Base training programs offer path to gainful employment as automotive and diesel technicians PHOENIX , Nov. 10, 2022 /PRNewswire/ -- Universal Technical Institute (UTI), BMW of North America and Premier Truck Group are celebrating the success of their on-base technician training programs this Veterans Day, which has resulted in transitioning military members taking jobs at BMW and Premier Truck Group dealerships across the country. The effort first launched in 2018 at Camp Pendleton, Calif.

Universal Technical Institute, BMW of North America and Premier Truck Group Help Military Service Members Transition to Civilian Life

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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.

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