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 (UTI) has announced the addition of Tesla's START Collision Repair program to its Manufacturer Specific Advanced Training offerings. The 4-month program will be launched at UTI's Long Beach Campus in Spring 2025. Graduates of UTI's Collision Repair and Refinish Technology program who meet Tesla's criteria and are hired as interns will be eligible to participate.
The program builds on traditional body and paint repair training, incorporating electrical work, panel handling, and recalibration. Successful graduates will have opportunities for full-time employment at Tesla's Internal Collision Repair Centers. UTI is currently the exclusive education institution offering this Tesla program, marking their 27th MSAT program.
Universal Technical Institute (UTI) has announced Atlanta as the location for its next UTI division campus, marking the second of three planned campuses for 2026. The new facility, pending regulatory approvals, will be located at 7100 Highlands Parkway SE in Smyrna, spanning 150,000 square feet. This expansion is part of UTI's North Star strategy, focused on growth, diversification, and optimization to address America's skilled workforce gap.
The UTI-Atlanta campus joins the previously announced Concorde-Heartland Dental co-branded campus in Florida. Upon completion, this addition will bring UTI's nationwide campus total to 16. The Atlanta location was chosen for its dynamic economy and strategic position in the Southeast, aiming to provide local access to STEM-centric career education and address regional workforce shortages.
Concorde Career Colleges is participating in National Children's Dental Health Month this February by offering free dental services to children ages 4-17 at select campuses. The initiative includes X-rays, cleanings, and preventive services performed by dental hygiene students under licensed professional supervision.
Six campuses will host free events: Miramar and Tampa in Florida, San Diego and Garden Grove in California, and San Antonio and Dallas in Texas. The Tampa event specifically includes services for children with disabilities. Additional locations in Kansas City and Aurora are participating in the Give Kids a Smile program.
The initiative is supported by Heartland Dental, PDS Health, and Liberty Dental Plan. Beyond February, Concorde operates Dental Hygiene Clinics at 14 campuses year-round, providing low-cost preventative care to help address unmet dental health needs in communities, particularly for uninsured or underinsured residents.
Imagen Dental Partners and Concorde Career Colleges have announced a workforce solutions partnership to address dental hygienist demand in California. Imagen will provide $10,000 in scholarships to support students at Concorde's Garden Grove, San Bernardino, and San Diego campuses, with plans to increase to $20,000 later this year.
Imagen, a Dental Partnership Organization with over 100 partner practices in 15 states, aims to expand engagement with Concorde's dental hygiene students in Florida and Texas through campus visits and career fairs. The partnership comes as dental hygienist employment is projected to grow 9% nationally from 2023 to 2033, with California specifically expecting 15.2% growth from 2022 to 2032.
Universal Technical Institute (NYSE: UTI), a workforce solutions provider specializing in transportation, skilled trades, and healthcare education programs, has announced its upcoming fiscal first quarter 2025 earnings conference call. The call is scheduled for Wednesday, February 5, 2025, at 4:30 p.m. Eastern time, where CEO Jerome Grant and Interim CFO Christine Kline will discuss financial and operational results for the quarter ended December 31, 2024.
The conference call will be accessible via toll-free and international dial-in numbers, with a replay available until February 19, 2025. Participants are advised to dial in 5-10 minutes before the start time.
Universal Technical Institute (UTI) reported strong fiscal 2024 results, exceeding guidance across key metrics. Full-year revenue increased 20.6% to $732.7 million, with net income rising 240.9% to $42.0 million. The company's adjusted EBITDA grew 60.1% to $102.9 million. Total new student starts reached 26,885, up 18.9% year-over-year. For fiscal 2025, UTI projects revenue of $800-815 million and net income of $52-56 million. The company's UTI division contributed $486.4 million in revenue while Concorde division added $246.3 million, demonstrating successful execution of their growth and diversification strategy.
Universal Technical Institute shares essential winter vehicle maintenance and emergency preparedness tips ahead of the holiday travel season. UTI automotive instructor Bernard Thompson emphasizes the importance of winter preparations to reduce breakdown risks. Key recommendations include: battery testing, considering EV range limitations in cold weather, checking spare tire pressure, using winter tires below 45 degrees, maintaining proper fluid levels, and ensuring good visibility through proper lighting and wipers. UTI also recommends carrying an emergency kit with essential items like flashlights, jumper cables, thermal blankets, and basic tools.
UTI-Canton has received a silver-level award from the Michigan Veterans Affairs Agency, recognizing it as a veteran-friendly institution. The campus, formerly known as MIAT-Canton, is part of Universal Technical Institute's transportation, skilled trades, and energy education division. The recognition comes from the Michigan Veteran-Friendly Schools Program, which acknowledges institutions supporting veterans and military-connected students. The campus provides veteran-centric services and programs, offering training in automotive, diesel, and motorcycle industries to help veterans transition from military service to civilian careers.
Universal Technical Institute (NYSE: UTI) has scheduled its fiscal fourth quarter and full year 2024 earnings conference call for November 20, 2024, at 4:30 p.m. ET. CEO Jerome Grant and Interim CFO Christine Kline will host the call to discuss financial and operational results for the period ended September 30, 2024. The call will include a Q&A session and will be available for replay through December 4, 2024.
Universal Technical Institute, part of Universal Technical Institute, Inc., has expanded its core automotive program to include new Battery Hybrid Electric Vehicle (BHEV) and Electric Vehicle (EV) courses at its Avondale and Orlando campuses. This expansion follows the deployment of similar enhancements at UTI's three California campuses. The new curriculum covers high-voltage vehicle operation, electric vehicle components, diagnosis, and service.
UTI Division President Tracy Lorenz emphasized the growing need for technicians trained in complex electric vehicles as their numbers increase on the roads. The company is evolving its curriculum to meet industry needs and working with OEM partners to update manufacturer-specific advanced training (MSAT) programs. Recent updates include EV curriculum additions to the Ford FACT and BMW FastTrack MSAT programs.
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