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) 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.
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