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-Sacramento has announced plans to offer a Heating, Ventilation, Air Conditioning and Refrigeration (HVACR) program, pending regulatory approvals. This addition comes in response to the growing demand for skilled technicians in the field, with the U.S. Bureau of Labor Statistics projecting a 6% employment growth for HVACR mechanics and installers from 2022 to 2032.
The nine-month program will cover various aspects of HVACR systems, including air handling, hydronics, circuits, sheet metal ductwork, and troubleshooting. Once launched, the campus will offer HVACR alongside existing welding, automotive, and diesel education programs. This expansion aligns with UTI's strategy to meet the increasing demand for skilled technicians in temperature control systems across Northern California and the nation.
Concorde Career College-San Antonio (CCC) has been named 'School of the Year' by Career Colleges and Schools of Texas (CCST) for the second consecutive year. The award recognizes CCC's exemplary graduation and placement rates, community service, and legislative efforts. CCC's San Antonio campus exceeded programmatic outcomes for completion, licensure, and placement, with all programs achieving over 80% placement rates, several exceeding 90%, and the physical therapy assistant program reaching 100% job placement.
Notable achievements include the dental hygiene program's role in passing a state law allowing dental hygienists to administer local infiltration anesthesia, and providing dental care to over 300 children in Kingston through the Jamaica Outreach Program. The campus also received the 2022–2023 ACCSC School of Excellence Award from the Accrediting Commission of Career Schools and Colleges.
Universal Technical Institute (UTI) and Ford Motor Company are celebrating 25 years of partnership in educating students through Ford's Manufacturer Specific Advanced Training (MSAT) program. Over 29,000 students have graduated from this program since its inception. The 15-week Ford FACT program is offered at nine UTI campuses across the United States.
In 2022, UTI updated the Ford FACT curriculum to include electric vehicle coursework, covering high-voltage systems safety, hybrid and battery electric vehicle components, and high-voltage battery service. This update aligns with current technological advancements and industry standards.
According to Ford's TSO Technician Development Manager, FACT program graduates complete up to 70% of the training required for Ford and Lincoln Service Technicians, potentially reducing up to five years of in-dealership coursework. The program has also evolved to include EV and Mobile Service training, offering new career paths for technicians.
Universal Technical Institute, Inc. (UTI) announced a CFO transition as Troy Anderson resigns effective October 11, 2024. Christine Kline, Chief Accounting Officer, will serve as interim CFO during the search for a permanent replacement. CEO Jerome Grant praised Anderson's contributions to the company's North Star Strategy, including acquisitions, campus expansions, and program launches. UTI recently announced the second phase of this strategy, focusing on growth, diversification, and optimization across its two divisions: Universal Technical Institute and Concorde Career Colleges. The company aims for 10% revenue growth and an expanded Adjusted EBITDA margin of nearly 20% through fiscal 2029 while maintaining strong student and employer outcomes.
Universal Technical Institute (UTI) has expanded its BMW FastTrack MSAT program to include additional electric vehicle (EV) curriculum. Starting August 1, 2024, seven UTI campuses will teach the new EV curriculum using BMW i3 vehicles. The comprehensive training, developed by BMW North America, covers essential skills for handling high-voltage BMW Group vehicles, including charging modes, safety assessments, and EV evaluations. This expansion builds on UTI's 28-year relationship with BMW and aims to meet the growing demand for skilled technicians as EV purchases increase nationwide.
The program allows UTI's qualified FastTrack graduates to perform EV evaluations currently to Master-Level technicians. Students who complete the BMW FastTrack curriculum can earn seven BMW factory credentials and a BMW Associate Level Certification, with opportunities for further advanced training through the BMW STEP program.
Marine Mechanics Institute (MMI) announced that MarineMax, the world's largest recreational boat and yacht retailer, has joined its Tuition Reimbursement Program (TRIP). Under this program, MMI graduates hired by MarineMax can receive up to $10,000 in tuition reimbursement. The Marine Technician Specialist program at MMI prepares students for entry-level jobs in the marine industry, teaching them to work with various types of engines.
MarineMax operates over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. The company is actively seeking enthusiastic technicians to support its growth. This partnership aims to provide a launchpad for graduates, enabling them to focus on their careers from day one while addressing the industry's demand for skilled marine technicians.
Marine Mechanics Institute (UTI) announced that MarineMax has joined its Tuition Reimbursement Program (TRIP), enabling hired MMI graduates to receive up to $10,000 in tuition reimbursement.
MarineMax, described as the world's largest lifestyle retailer of recreational boats and yachts, operates over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. The partnership applies to graduates of MMI's Marine Technician Specialist program, which trains students on inboard gas and diesel engines and outboard 2‑ and 4‑stroke motors for entry‑level technician roles.
Universal Technical Institute's UTI-Dallas campus has been named a School of Excellence by the Accrediting Commission of Career Schools and Colleges (ACCSC) for the 2023-2024 accrediting period. This is the highest institutional distinction awarded by ACCSC and marks the second time UTI-Dallas has received this honor, with the previous recognition in 2017.
The award celebrates UTI-Dallas's adherence to rigorous accreditation standards and outstanding record of student accomplishment. The campus, which opened in 2010, offers programs in Automotive Technology, Diesel Technology, and Welding Technology. Out of 575 ACCSC-accredited schools, only 19 earned the School of Excellence award this period, highlighting UTI-Dallas's commitment to providing high-quality education and preparing students for in-demand careers in transportation, skilled trades, and the energy sector.
Universal Technical Institute's UTI-Sacramento campus has been awarded the prestigious School of Excellence distinction by the Accrediting Commission of Career Schools and Colleges (ACCSC) for the 2023-2024 accrediting period. This recognition, the highest institutional honor bestowed by ACCSC, highlights UTI-Sacramento's commitment to educational excellence and student success.
The campus, which opened in October 2005, offers associate degrees and diplomas in automotive, diesel, and welding technologies. It is one of only 19 schools out of 575 ACCSC-accredited institutions to receive this award, underscoring its exceptional performance in meeting rigorous accreditation standards and achieving outstanding student outcomes.
UTI leaders emphasize their focus on providing quality education in high-demand fields such as transportation, skilled trades, and energy, aligning with employer needs and preparing students for successful careers in these sectors.
Universal Technical Institute-Lisle (UTI) announced that Associated has joined their early employment program. Students in automotive, diesel, robotics, industrial maintenance, and welding technician programs are eligible to participate. The program offers 20-30 hours of paid work experience weekly, consideration for full-time employment, and potential education expense reimbursement after graduation.
Associated offers a tuition reimbursement program for full-time employees, helping with educational loans up to $20,000. This partnership expands UTI's ability to meet broader employer needs, providing a talent pipeline for various skilled jobs. The collaboration aims to offer students valuable real-world experience while completing their education.
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