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Universal Technical Institute, Inc. (NYSE: UTI), headquartered in Scottsdale, Arizona, is a leading provider of post-secondary education for students pursuing careers in automotive, diesel, collision repair, motorcycle, and marine technologies. The institution has a rich history of producing skilled professionals, with over 180,000 graduates in its 49-year legacy.
UTI offers a variety of undergraduate degree and diploma programs at 11 campuses across the United States, and specialized manufacturer-specific training programs at dedicated centers. Their well-known brands include Universal Technical Institute (UTI), Motorcycle Mechanics Institute, Marine Mechanics Institute (MMI), and NASCAR Technical Institute (NASCAR Tech). This extensive network of campuses and specialized programs positions UTI as a pivotal institution in technical education.
Recent Achievements
Recently, UTI announced that the Federal Aviation Administration (FAA) approved the Airframe and Powerplant Technician program at its Miramar, Florida campus. This adds to their existing aviation programs at other campuses, enhancing their portfolio in the aviation industry. Additionally, UTI has rolled out 14 new programs nationally, aiming to provide educational opportunities to over 1,000 students annually in skilled trades and energy fields.
In another significant development, UTI partnered with the United Service Organizations (USO) to support military service members transitioning to civilian life through specialized training programs. They also formed an alliance with MileOne Autogroup to enhance their early employment program, offering students paid work opportunities while completing their education.
Financial Condition
As of the second quarter of fiscal 2024, UTI reported strong market demand across their expanding program offerings, generating double-digit start growth in both of their divisions: Universal Technical Institute and Concorde Career Colleges. UTI raised its fiscal year 2024 new student start, revenue, and profitability guidance, reflecting their strategic execution and growth momentum.
Partnerships and Programs
UTI continues to expand its partnerships with industry leaders like Interstate Batteries, ensuring students have access to state-of-the-art technology and resources. Their educational programs span various fields including HVACR, welding, and automotive technologies. Notably, the HVACR program expansion is underway at multiple campuses, responding to the industry's growing demand.
For more information, visit UTI's official website.
Universal Technical Institute-Orlando announces the launch of a new Heating, Ventilation, Air Conditioning and Refrigeration (HVACR) program starting March 2025. The nine-month program will cover air handling, hydronics, circuits, sheet metal ductwork, and system troubleshooting, adding to the campus's existing automotive, diesel, marine, and motorcycle programs.
According to the U.S. Bureau of Labor Statistics, HVACR technician employment is projected to grow 9% from 2023 to 2033, significantly faster than average. This expansion is part of UTI's corporate 'North Star' strategy, which includes launching eight full-length programs at existing campuses and a new campus in Atlanta.
Universal Technical Institute (NYSE: UTI) reported strong fiscal Q1 2025 results, with revenue increasing 15.3% to $201.4 million. The company demonstrated significant growth with total new student starts up 22.3% and average full-time active students growing 11.1%. Net income surged 113.2% to $22.2 million, while Adjusted EBITDA rose 44.8% to $35.5 million.
Both UTI and Concorde segments showed robust performance. UTI's revenue grew 14% to $131.5 million with 19% increase in new student starts, while Concorde's revenue increased 17.9% to $70 million with 26% growth in new student starts.
Based on strong Q1 performance, the company raised its fiscal 2025 guidance, now expecting revenue of $810-820 million, Adjusted EBITDA of $122-126 million, and new student starts of 28,500-29,500.
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.
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