Welcome to our dedicated page for Universal Technical Institute news (Ticker: UTI), a resource for investors and traders seeking the latest updates and insights on Universal Technical Institute stock.
Universal Technical Institute, Inc. (NYSE: UTI) generates a steady flow of news related to workforce education in transportation, skilled trades, electrical and energy fields, and healthcare. As a workforce solutions provider with two divisions—UTI and Concorde Career Colleges—the company regularly issues updates on financial performance, campus expansion, program launches and partnerships that shape its role in the educational services sector.
Investors and observers following UTI news will see announcements about quarterly and annual earnings, conference calls and financial outlooks, as reflected in recent press releases tied to fiscal year results and guidance. These items provide insight into enrollment trends, strategic investments and the progress of the company’s multi-year North Star strategy of growth, diversification and optimization.
News from the UTI division often covers new or expanded training offerings and campus developments. Examples include the planned expansion of the UTI-Dallas campus to add aviation, HVACR and electrical-related programs, and the announcement of new campuses in markets such as San Antonio, Atlanta and Salt Lake City, pending regulatory approvals. The division also highlights collaborations with manufacturers, such as Hyundai Motor America’s donation of electric vehicles for use in UTI’s Battery Electric Vehicle Technology course.
Concorde Career Colleges news focuses on healthcare education initiatives, including expanded respiratory therapy programs, partnerships with hospital systems and recognition of graduates and campuses by industry associations. Company communications also feature testimony before policymakers and efforts to support veterans and military-affiliated students.
This news page allows readers to follow these developments in one place, from financial disclosures and strategic updates to program-level stories and employer partnerships across UTI and Concorde.
Universal Technical Institute (NYSE: UTI) reported a strong turnaround in fiscal 2020, achieving net income of $8.0 million, compared to a loss of $7.9 million in the previous year. The fourth quarter net income rose by 17.8% to $6.5 million, supported by a 1.1% increase in new student starts to 5,772. Despite a 12.9% revenue decline to $76.3 million, liquidity improved to $114.9 million. UTI expects double-digit growth in student starts and revenue for fiscal 2021.
Universal Technical Institute (NYSE: UTI) and Premier Truck Group have launched a unique technician training program at Fort Bliss for service members transitioning to civilian careers. This 12-week, tuition-free program offers hands-on training in diesel-commercial vehicle technology, leading to employment opportunities and a Systems Certified Daimler Truck North America credential. Annually, 36-48 veterans are expected to graduate from this initiative. The program exemplifies UTI's commitment to addressing workforce shortages while supporting military personnel.
Universal Technical Institute (UTI) is scheduled to report its fiscal 2020 results on November 18, 2020, after market close.
CEO Jerome Grant and CFO Troy Anderson will discuss the results during a conference call at 4:30 p.m. Eastern Time on the same day.
UTI, a leading provider of transportation technician training with over 220,000 graduates in 55 years, operates 12 campuses across the U.S. For more details, investors can visit UTI's investor relations website.
The Porsche Technology Apprenticeship Program (PTAP), in partnership with Universal Technical Institute (UTI), reports a 100% job placement for its recent graduates at Porsche dealerships across multiple states, including Texas and Florida. This program, which covers tuition and housing costs, equips students with hands-on training on the latest Porsche vehicles. UTI emphasizes aligning education with employer needs, as highlighted by the success of its graduates during economic uncertainties. The recent graduating class transitioned to a blended learning model amid the pandemic, achieving immediate employment opportunities.
Universal Technical Institute (UTI) reports positive outcomes from its blended training model amidst the pandemic, aiding graduates in securing jobs. CEO Jerome Grant emphasizes the urgent demand for skilled technicians, supported by the U.S. Department of Labor's projections of over 110,000 annual job openings in related fields through 2028. UTI's transition to a blended learning format has enhanced training quality, leading to strong employment rates for graduates, including those who gained manufacturer-specific skills. This response positions UTI favorably in the evolving job market.
Universal Technical Institute (NYSE: UTI) is enhancing its educational model to better meet the demand for skilled workers through a hybrid learning initiative. This approach combines hands-on training with online instruction, increasing accessibility and relevance for students. CEO Jerome Grant emphasized the importance of this transformation in response to the COVID-19 pandemic. Dr. Jeff Bergin has been appointed Vice President to lead the initiative, leveraging his extensive experience in developing effective blended learning programs.
Universal Technical Institute (UTI) announced the expansion of its Welding Technology program to a seventh campus and significant cost savings through lease restructuring at its Sacramento campus. The expansion aims to meet the rising demand for skilled workers in essential industries, with over 488,000 job openings projected for welders by 2028. UTI will also reduce its Sacramento campus footprint by over 50%, leading to annual occupancy cost savings of approximately $3 million starting January 2022.
Universal Technical Institute (NYSE: UTI) announced that CEO Jerome A. Grant and CFO Troy R. Anderson will participate in four upcoming virtual investor conferences. These conferences include the Barrington Research Annual Fall Investment Conference on September 9, Colliers Securities Institutional Investor Conference on September 10, Lake Street Capital Markets Best Ideas Growth Conference on September 17, and Sidoti Fall Investor Conference on September 23-24. A webcast of the Sidoti presentation will be available on UTI's investor relations website.
Universal Technical Institute (NYSE: UTI) reports that 95% of graduates from this summer's Volvo Service Automotive Factory Education (SAFE) program have secured jobs in the transportation industry amidst pandemic challenges. Graduates began employment in August at Volvo dealerships nationwide. The program, which offers tuition funding by Volvo, is designed to equip students with brand-specific skills and credentials. UTI emphasizes the growing demand for skilled technicians, with many students being recruited before graduation. The program aims to enhance workforce capabilities in the automotive sector.
Universal Technical Institute (UTI) has announced that four of its campuses have been recognized as 2019-2020 "Schools of Excellence" by the Accrediting Commission of Career Schools and Colleges (ACCSC). This prestigious award highlights UTI's commitment to providing quality education. Additionally, UTI's new campus in Bloomfield, New Jersey, received a "School of Distinction" award. UTI continues to demonstrate its dedication to student success, with four out of five graduates finding work in their fields despite the challenges posed by the pandemic.
FAQ
What is the current stock price of Universal Technical Institute (UTI)?
What is the market cap of Universal Technical Institute (UTI)?
