Universal Technical Institute Stock Price, News & Analysis

Concorde Career College-Portland's respiratory therapy program has been honored with the 'Distinguished Registered Respiratory Therapist (RRT) Credentialing Success' award by the Commission on Accreditation for Respiratory Care (CoARC) for the third consecutive year. This recognition highlights the program's outstanding student outcomes and commitment to excellence.

The award is based on objective criteria including RRT credentialing success of 90% or above, accreditation without progress reports, and meeting high standards for TMC exam scores and student retention. Nationwide, respiratory therapist employment is projected to grow 13% from 2022 to 2032, with the Portland Tri-County region expecting even higher growth at 23%.

Universal Technical Institute (UTI) has announced plans to consolidate the branding of its MIAT-Canton, Motorcycle Mechanics Institute, Marine Mechanics Institute, and NASCAR Technical Institute campuses under the Universal Technical Institute name.

The rebranded campuses will be known as UTI-Canton, UTI-Phoenix, and UTI-Mooresville. This move follows a similar rebranding of MIAT-Houston and UTI-Houston to UTI-Houston, which was positively received.

UTI currently serves 15,000 students across 16 campuses nationwide. The rebranding aims to leverage UTI's greater brand awareness, with the implementation starting in October and continuing through mid-2025.

Universal Technical Institute (NYSE: UTI) announced its investor marketing schedule for June 2024. The company will participate in several events to discuss its growth, diversification, and optimization strategies, focusing on its financial performance and business outlook. Key events include the Roth Capital Partners Non-Deal Roadshow on June 12 in Boston, the 14th Annual East Coast IDEAS Conference on June 13 in New York City, and the Northland Capital Markets Growth Conference on June 25, which will be virtual. Key executives attending include CFO Troy Anderson, VP of Corporate Finance Matt Kempton, and CEO Jerome Grant. The company aims to showcase its achievements and engage with the investment community to drive long-term shareholder value.

Universal Technical Institute (UTI) announced its 2024 'Summer Ignite' program, offering three-week introductory automotive and motorcycle repair courses for high school juniors. Set to tackle the national skilled technician shortage, the program is free and provides credits toward future UTI enrollment. Launched in 2018, Summer Ignite has seen nearly 50% of participants in 2023 pursue related careers. In partnership with NAPA, students receive free uniforms, and sessions begin in June across multiple UTI campuses. The U.S. Bureau of Labor Statistics projects 67,700 job openings annually for technicians through 2032, highlighting the program's importance. Applications are open, with more details available on UTI's website.

Heartland Dental and Concorde Career Colleges have announced the recipients of the 2024 Heartland Dental Hygiene Scholarships. A total of $45,000 in scholarships has been awarded to 18 students, each receiving $2,500. This initiative forms part of a broader workforce solutions partnership between the two organizations aimed at addressing the demand for dental hygienists. Heartland Dental has been supporting Concorde students since 2021, with this latest round bringing total scholarship awards to $125,000. The collaboration extends to sponsoring dental hygiene labs, graduate pinning ceremonies, and community events offering free services. To date, Heartland Dental has hired 144 Concorde dental hygiene graduates. Employment prospects for dental hygienists are promising, with national growth projected at 7% from 2022 to 2032 and significantly higher in states like Florida and Texas.

Universal Technical Institute (UTI) has announced that Rush Enterprises has joined its early employment program. The program allows selected diesel students at 10 UTI campuses across six states to gain 20-30 hours of paid work experience while in school. This opportunity can lead to full-time employment and includes education-related expense reimbursements after graduation. Rush Enterprises, which operates over 200 locations in North America, aims to build a talent pipeline through this partnership. The program also offers benefits like OEM training, wage increases for ASE-certified technicians, tool assistance loans, referral bonuses, and participation in Rush's annual Tech Skills Rodeo.

Universal Technical Institute, Inc. (NYSE: UTI), a workforce education provider, will participate in investor conferences in May 2024. The company raised its fiscal year guidance for student starts, revenue, and profitability.

Universal Technical Institute, Inc. reported strong financial results for the fiscal 2024 second quarter, with revenue of $184.2 million, a 12.4% increase year-over-year. The company raised its fiscal 2024 guidance for new student starts, revenue, net income, diluted earnings per share, and adjusted EBITDA. Initial projections for fiscal 2025 indicate revenue of nearly $800 million and adjusted EBITDA margin of approximately 15%, reflecting positive growth and performance.