Universal Technical Institute Stock Price, News & Analysis

Universal Technical Institute (UTI) and NAPA AUTO PARTS have established a partnership to enhance training for careers in the transportation and aftermarket auto repair sectors. NAPA will be the preferred supplier of auto parts for UTI's hands-on labs, providing essential components like brake kits and rotors. This collaboration aims to address the high demand for skilled technicians, with an estimated 110,000 new openings annually in the U.S. through 2030. UTI, founded in 1965, serves students across 14 campuses and focuses on quality education in various technical fields.

Universal Technical Institute (UTI) has partnered with Ignite Worldwide to offer $100,000 in tuition grants aimed at female and female-identifying students pursuing technical education and STEM careers. Applications are open until April 29, 2022, with winners announced on May 18, 2022. The scholarship initiative seeks to address the underrepresentation of women in STEM fields and responds to employer demand for skilled technicians. Grants range from $2,000 to $25,000 and are available for programs at UTI's campuses across multiple states.

Universal Technical Institute (NYSE: UTI) reported strong fiscal 2021 results with a 27.7% increase in Q4 revenue to $97.5 million and a full-year revenue of $335.1 million, up 11.4%. New student starts grew 6.8% in Q4 and 15.5% for the year. Q4 net income soared 86.7% to $12 million, with full-year net income reaching $14.6 million. The company expects fiscal 2022 revenue between $405 million and $420 million, with adjusted EBITDA of $50 million to $55 million. UTI's acquisition of MIAT College of Technology supports its growth strategy.

Universal Technical Institute (NYSE: UTI) has updated its curriculum to include Hybrid and Electric Vehicle technician training at its California campuses, aiming to address the rising demand for electric vehicle (EV) technicians. CEO Jerome Grant forecasts significant future demand due to increasing sales of zero-emissions vehicles. The initiative includes new coursework and partnerships with major manufacturers like Ford and Volvo. UTI is also planning to expand EV training programs to enhance its overall EV ecosystem in response to a projected 65% of new car sales being electric by 2030.

Universal Technical Institute (UTI) has successfully completed its $26 million acquisition of MIAT College of Technology, enhancing its educational offerings and expanding its reach into Texas and Michigan. The acquisition introduces eight new programs and strengthens UTI's growth strategy, aiming for double-digit annual revenue growth. MIAT reported $29 million in revenue and $3.9 million in adjusted EBITDA for the year ending September 30, 2021. UTI expects significant synergies and increased student enrollment through this strategic move.

Universal Technical Institute (NYSE: UTI) announced it will report its fourth quarter and full-year fiscal results for 2021 on November 17, 2021, after market close. CEO Jerome Grant and CFO Troy Anderson will discuss the results and operational performance in a conference call at 4:30 p.m. ET. Investors can listen live or access a replay through the company’s investor relations website. UTI is the leading provider of transportation technician training, with over 225,000 graduates and 12 campuses nationwide.

Universal Technical Institute (NYSE: UTI) has announced that Dr. Steven Coyle, their National Director of Counselor and Academic Relationships, has been appointed to the Texas Industrial Vocational Association's Board of Directors. With over 40 years of educational experience, Dr. Coyle aims to enhance career and technical education in Texas. UTI, with campuses in Houston, Dallas-Fort Worth, and an upcoming location in Austin, partners with industry leaders to provide training in automotive and technical fields, contributing to the workforce's demand for skilled technicians.

Universal Technical Institute (UTI) and IGNITE Worldwide have launched a partnership aimed at increasing the participation of women in skilled trades. The collaboration includes $100,000 in education grants for the 2021/2022 academic year and interactive STEM events at UTI campuses across the U.S. Research indicates that gender-diverse companies are more productive, yet women comprise only 25% of STEM workers. The initiative provides multiple grants, including a $25,000 grant, for eligible female high school seniors attending IGNITE events. The first event takes place on September 24 in Phoenix.

Universal Technical Institute (NYSE: UTI) announced the launch of the BMW FastTrack program, set to begin in January 2022, at its campuses in Avondale, Arizona, and Orlando, Florida, followed by Long Beach, California in May 2022. This program replaces the BMW STEP program and aims to train more students, featuring 12-week intensive sessions on current BMW models. Upon completion, participants can achieve BMW's Associate Level status, qualifying them for entry-level positions at BMW dealerships across the U.S.