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Universal Technical Institute, Inc. reports developments across workforce education programs in transportation, skilled trades, electrical, energy and healthcare. The company operates through its UTI division and Concorde Career Colleges, with news commonly covering quarterly results, enrollment and growth initiatives, campus expansion plans, and financial outlook updates.
Company announcements also describe employer and supplier partnerships tied to training programs, including Work and Learn arrangements, collision repair and aviation program support, and broader career and technical education themes for skilled-collar and healthcare occupations.
Universal Technical Institute (NYSE: UTI) entered into a new senior secured revolving credit agreement with a bank syndicate led by Fifth Third Bank, with JPMorgan Chase, Truist, Citi and PNC as lenders. The facility replaces the prior Fifth Third credit facility and increases total revolving capacity to $200 million from $125 million, including a $15 million swingline sublimit and a $75 million letter of credit sublimit, up from $20 million.
The agreement also allows up to $75 million in uncommitted incremental facilities and carries a five-year term expiring in August 2031. According to Universal Technical Institute, the revolver is expected to support working capital, internal initiatives, acquisitions and other activities tied to its North Star Strategy.
Universal Technical Institute (NYSE: UTI) has celebrated the expansion of its UTI-Dallas campus in Coppell, Texas, with a ribbon-cutting event attended by public officials, community leaders and employer partners. The expanded location adds 125,000 square feet of training space, including 15 classrooms, 6 labs and 16 combined classroom/lab environments.
According to Universal Technical Institute, the added capacity enables UTI-Dallas to serve nearly 1,000 more students in aviation, HVACR, electrical and energy-related fields, alongside existing automotive, diesel and welding programs. UTI-Dallas, opened in 2010, has produced 10,475 graduates to date and is part of a broader Texas campus network in transportation, skilled trades and healthcare education.
Universal Technical Institute (NYSE: UTI) reported fiscal 2026 Q3 revenue of $218.9 million, up 7.2% year over year, with net income of $2.3 million and Adjusted EBITDA of $18.2 million, both lower due to about $9.0 million of strategic growth expenses.
Average full-time active students rose 5.8% to 25,131 and total new student starts increased 10.9% to 6,342. The new UTI-Atlanta campus opened in July with initial starts roughly 30% above company expectations, supporting the North Star growth and diversification strategy and a planned multi-year transition to a unified operating model.
For the nine months ended June 30, 2026, revenue grew 7.8% to $661.2 million, while net income declined to $15.5 million. At quarter-end, UTI reported total liquidity of $180.5 million and total debt of $160.0 million.
The company revised its fiscal 2026 outlook: revenue to $893–$900 million (from $905–$915 million), net income to $32–$36 million, Adjusted EBITDA to $100–$103 million, and Adjusted free cash flow to $(20)–$0 million, while tightening new student starts guidance to 31,900–32,300.
Universal Technical Institute (NYSE: UTI) has opened UTI-Atlanta, its first comprehensive Georgia campus and second new campus of 2026, advancing its multi-phase North Star growth strategy. Located in Smyrna, the 117,000-square-foot facility is designed to serve up to 1,500 students at scale.
The campus offers hands-on programs in automotive, diesel, aviation, electrical, robotics and automation, HVACR and welding, supported by specialized labs. According to Universal Technical Institute, North Star Phase II includes plans to open multiple campuses annually from 2026–2029 and launch 10–20 new programs per year at existing locations.
Universal Technical Institute (NYSE: UTI) announced that Chief Human Resources Officer Carolyn Frank has been named a 2026 Phoenix Titan 100, a program honoring 100 leading CEOs and C-suite executives in the Phoenix area for leadership, vision, passion and influence.
According to Universal Technical Institute, over the past three years Frank has led the shift from a decentralized to a centralized, enterprise-wide HR function, establishing Centers of Excellence, restructuring talent acquisition, centralizing learning and development, implementing enterprise HR systems, and adding organizational change management practices. The 2026 Phoenix Titan 100 Awards celebration is scheduled for September 24 in Phoenix.
Universal Technical Institute (NYSE: UTI) will hold a conference call on Wednesday, August 5, 2026, at 4:30 p.m. Eastern time to review fiscal third quarter 2026 results for the period ended June 30, 2026. CEO Jerome Grant and CFO Bruce Schuman will host, with a Q&A session and both live webcast and telephonic replay available through August 19, 2026.
Universal Technical Institute (NYSE:UTI) appointed Monica Jeffs as Campus President of Concorde Career Colleges' new Houston campus. Jeffs has over 25 years of higher education leadership experience. The 45,000-square-foot Westchase Commons facility is planned to open in 2027, serving up to 700 healthcare-focused students, pending regulatory approvals.
The campus supports UTI's multi-year North Star strategy, which includes opening multiple new campuses annually between 2026 and 2029 and expanding healthcare and skilled trades training in Texas.
Universal Technical Institute (NYSE:UTI) announced that Mark Garland has been named Campus President of the new Concorde-Glendale campus in Greater Phoenix, Arizona. Garland brings over 25 years of higher education leadership experience.
The 53,000-square-foot Glendale facility, Concorde's first in Arizona and sixth in the southwest, is planned to open in 2027, pending regulatory approvals, and is expected to serve more than 620 students annually across multiple healthcare training programs. The campus supports UTI's multi-year North Star growth and diversification strategy for healthcare and skilled-collar education.
Universal Technical Institute (NYSE:UTI) is expanding its HVACR diploma program to the UTI-Lisle campus in Illinois. The nine-month program, focused on hands-on training for entry-level residential and commercial HVACR roles, is now offered across eight states, with Atlanta to follow in Summer 2026.
This expansion is described as part of UTI's strategy to address growing national demand for HVACR technicians and supports the company’s multi-year North Star Strategy to help tackle U.S. labor shortages.
Universal Technical Institute (UTI) announced that Concorde Career Colleges has launched 12 additional healthcare training programs across campuses in California, Florida, Missouri and Texas. New offerings span dental assistant, diagnostic medical sonography, pharmacy technician, radiologic technology and surgical technology, supporting its multi-year North Star growth and diversification strategy.
The expansion targets fields with projected job growth between 5% and 24% through 2034, based on U.S. labor data.