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Universal Technical Institute, Inc. - UTI STOCK NEWS

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), 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.

News

Universal Technical Institute Reports Fiscal Year 2024 First Quarter Results

Rhea-AI Summary
Universal Technical Institute, Inc. (NYSE: UTI) reported financial results for Q1 2024, with revenue of $174.7 million, net income of $10.4 million, and adjusted EBITDA of $24.5 million. The company raised full year guidance for revenue, net income, diluted EPS, and adjusted EBITDA. New student starts increased by 17.2% for UTI and 8,244 average undergraduate full-time active students for Concorde.
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Jefferson Dental & Orthodontics donates cutting-edge iTero intraoral 3D scanners to Concorde Career Colleges' Dallas and San Antonio campuses

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Concorde Career Colleges and Jefferson Dental & Orthodontics have announced a partnership, with Jefferson donating two iTero intraoral 3D scanners to Concorde's Dallas and San Antonio campuses. The scanners, valued at $60,000 MSRP, aim to enrich the pool of dental hygiene professionals in Texas and provide students with access to innovative technology. The partnership also includes a surprise visit by executives to deliver the scanners, marking the latest phase of the collaboration. The scanners capture thousands of images of a patient's mouth in seconds, allowing dental professionals to detect cavities, misalignments, and plaque buildup. The scanners also facilitate information sharing among dental professionals, laboratories, and specialists. Concorde students can complete their dental hygiene degree in as little as 17 months, with the option to pursue a bachelor's degree through an online completion program.
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Universal Technical Institute to Hold Fiscal First Quarter 2024 Conference Call on Wednesday, February 7, 2024 at 4:30 p.m. ET

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Universal Technical Institute, Inc. (UTI) will hold a conference call on February 7, 2024, to discuss its financial and operational results for the fiscal first quarter ended December 31, 2023. The call will be hosted by CEO Jerome Grant and CFO Troy Anderson. The company is a leading workforce solutions provider of transportation, skilled trades, and healthcare education programs.
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Universal Technical Institute, Inc. announces Carolyn Frank as chief human resources officer

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Universal Technical Institute, Inc. (UTI) has appointed Carolyn Frank as chief human resource officer. Frank will lead the company's human capital strategy, recruitment, retention, performance management, employee engagement, culture transformation, diversity and inclusion, and organizational design. Frank brings over 20 years of experience in building and managing human resource organizations across industries.
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Universal Technical Institute to Present at the 26th Annual Needham Growth Conference

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Universal Technical Institute, Inc. (NYSE: UTI) is set to present at the 26th Annual Needham Growth Conference from January 16-19, 2024. The company will hold one-on-one investor meetings and present on January 19th at 3:00 p.m. Eastern time. For additional information or to schedule a meeting, contact UTI's investor relations team at UTI@gateway-grp.com.
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Concorde Career Colleges accelerates efforts to address growing demand for healthcare workers

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Concorde Career Colleges (UTI) adds dental hygiene and sonography programs in Florida and California
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Universal Technical Institute, Inc. Announces Conversion of All Series A Preferred Stock into Common Stock

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Universal Technical Institute, Inc. (NYSE: UTI) achieved the conversion of all Series A Preferred Stock into Common Stock, increasing outstanding Common Stock by 19.3 million shares. The company also appointed Chris Shackelton, Co-founder and Managing Partner of Coliseum Capital Management, LLC, to the board as a Class III director. UTI's CEO, Jerome Grant, and Chris Shackelton expressed gratitude for the partnership and highlighted the company's progress and potential for building shareholder value.
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Universal Technical Institute, Inc. announces Kevin Prehn as president of Concorde Career Colleges

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Universal Technical Institute, Inc. (NYSE: UTI) appoints Kevin Prehn as president of Concorde Career Colleges, effective immediately. Prehn's impact as interim president has been significant, impressing the leadership team and the Board with his strong management and business acumen. With 17 campuses across eight states, Concorde Career Colleges prepares students for careers in nursing, dental, respiratory, diagnostic, and other allied healthcare roles.
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Universal Technical Institute to Consolidate Houston Operations to Better Serve Students

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Universal Technical Institute (UTI) will consolidate its Houston operations, with the MIAT-Houston campus operating under the UTI brand starting in May 2024. The transition aims to align curriculum and support services for students seeking careers in in-demand fields. Both facilities will remain in use post-consolidation, providing students with expanded support services and a more streamlined educational delivery model. The transition is expected to position UTI as the top provider of career technical training solutions in the Houston market.
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Universal Technical Institute to Present at the Sidoti Small Cap Conference

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Universal Technical Institute, Inc. (NYSE: UTI) is set to present at the Sidoti Small Cap Conference from December 6-7, 2023. The Company's CFO and VP of Corporate Finance will present on December 6th at 10:45 a.m. Eastern time. The presentation will be webcast live and available for replay. For additional information or to schedule a meeting, contact UTI@Gateway-grp.com.
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FAQ

What is the current stock price of Universal Technical Institute (UTI)?

The current stock price of Universal Technical Institute (UTI) is $19.61 as of November 15, 2024.

What is the market cap of Universal Technical Institute (UTI)?

The market cap of Universal Technical Institute (UTI) is approximately 1.1B.

What does Universal Technical Institute, Inc. specialize in?

UTI specializes in post-secondary education for careers in automotive, diesel, collision repair, motorcycle, and marine technologies.

Where is Universal Technical Institute headquartered?

UTI is headquartered in Scottsdale, Arizona.

How many graduates has UTI produced?

UTI has produced over 180,000 graduates in its 49-year history.

What recent programs has UTI launched?

UTI recently launched 14 new programs nationally, including an FAA-approved Airframe and Powerplant Technician program at its Miramar, Florida campus.

What partnerships has UTI formed recently?

UTI partnered with the USO to support military service members and with MileOne Autogroup to enhance their early employment program.

What financial achievements has UTI reported recently?

UTI reported double-digit growth in new student starts, revenue, and profitability, raising their fiscal year 2024 guidance.

What brands operate under Universal Technical Institute?

Brands under UTI include Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, and NASCAR Technical Institute.

What is UTI's latest partnership in the automotive industry?

UTI renewed its five-year alliance with Interstate Batteries, providing state-of-the-art technology and products to students.

Where can I find more information about UTI's programs?

More information about UTI's programs can be found on their official website at https://www.uti.edu/.

How does UTI support military service members?

UTI offers specialized training programs and resources for military service members transitioning to civilian life, in partnership with the USO.

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Universal Technical Institute, Inc.

NYSE:UTI

UTI Rankings

#2499 Ranked by Market Cap
N/A Ranked by Dividends

UTI Stock Data

1.05B
53.81M
2.58%
84.41%
3.6%
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