Universal Technical Institute Stock Price, News & Analysis

Universal Technical Institute (NYSE: UTI) reported a strong fiscal Q3 2021, with revenue of $83.8 million, up 53.8% year-over-year, and a net income of $3.0 million, recovering from a $13.3 million loss. New student starts rose 38.8%, reflecting strong demand post-pandemic. Adjusted EBITDA improved to $7.2 million. Operating expenses were $80.7 million, up 18.2%. Management remains optimistic, reaffirming fiscal year guidance and highlighting a growing liquidity position of $103.1 million.

Universal Technical Institute (NYSE: UTI) has launched the Toyota Professional Automotive Technician (TPAT) program in Rancho Cucamonga, designed to tackle the shortage of skilled auto technicians in Southern California. The first cohort began a 12-week course focusing on Toyota and Lexus certifications, aiming to meet the high demand for technicians in the region. With over 100,000 technician openings annually, this initiative seeks to prepare students for careers in a booming automotive market. Local employers express eagerness to hire UTI graduates, further solidifying the partnership's potential impact.

Universal Technical Institute (NYSE: UTI) has announced plans to report its third quarter results for fiscal 2021, ending June 30, 2021, on August 2, 2021, post-market close. A conference call featuring CEO Jerome Grant and CFO Troy Anderson will take place at 4:30 p.m. ET to discuss the financial outcomes and operating performance. Investors can join via phone or through a live webcast on the company's investor relations website.

Universal Technical Institute (NYSE: UTI) will attend the G.research Microcap Symposium on May 18, 2021. CEO Jerome A. Grant and CFO Troy R. Anderson will present at 1:30 p.m. ET. The event will feature one-on-one investor calls throughout the day. A live and archived webcast of the presentation will be available on UTI's investor relations site. UTI, a leader in technician training, has over 220,000 graduates and offers programs in automotive, diesel, and more across 12 campuses nationwide.

Universal Technical Institute (NYSE: UTI) reported Q2 fiscal 2021 results with revenue of $77.7 million, a 6.1% decline year-over-year. New student starts rose by 14.9%, reflecting strong demand, while average active students increased by 10.8%. The company plans to launch two new campuses and acquire MIAT College of Technology to diversify and expand into high-demand fields. Despite operating losses of $1.7 million, management reaffirmed 2021 guidance, anticipating revenue growth over $500 million by fiscal 2025 with adjusted EBITDA margins exceeding 20%.

On May 4, 2021, Universal Technical Institute (NYSE: UTI), in partnership with Team Penske and Würth, announced recognition for 480 instructors during the NASCAR Cup Series race at Dover on May 16, 2021. This initiative highlights the efforts of educators providing training amid the COVID-19 pandemic. The car of Brad Keselowski will feature their names, celebrating National Teacher Appreciation Week. UTI has graduated over 220,000 students and maintains industry partnerships to meet workforce demands in automotive and related fields.

Universal Technical Institute (NYSE: UTI) announces the appointment of former Congresswoman Loretta L. Sanchez to its Board of Directors. Sanchez served in Congress from 1997 to 2017, focusing on education and technical skills training. Her experience includes roles on various committees related to education and security. Currently, she is CEO of Datamatica LLC and holds positions on the boards of other educational institutions. UTI's CEO, Jerome Grant, expressed confidence that Sanchez's expertise will enhance the organization's focus on career pathways and technical education.

Universal Technical Institute (UTI) announced plans to open a new campus in the Miami metropolitan area in 2022, making it the second campus in Florida and the 14th nationwide. The Miramar facility will cover approximately 100,000 square feet and offer programs in high-demand fields such as Automotive, Diesel, and Welding Technology. The new campus aims to enhance local training opportunities and is part of UTI's growth strategy, which includes acquiring MIAT College of Technology to broaden its program offerings. UTI expects positive financial returns from these expansions.

Universal Technical Institute (NYSE: UTI) will report its second-quarter fiscal 2021 results on May 6, 2021, after market close. The results will cover the period ending March 31, 2021. A conference call will be hosted by CEO Jerome Grant and CFO Troy Anderson at 4:30 p.m. ET to discuss the financial performance. Investors can participate via phone or a live webcast on UTI's investor relations website. UTI is a leading provider of technical training with over 220,000 graduates from its 12 campuses across the U.S.