Universal Technical Institute, Inc. (NYSE:UTI) announced a multi-year transformation plan designed to generate approximately $30 million of incremental operating income in fiscal 2020. Developed to drive new student starts, completions and enhance student success, the Plan is expected to be implemented over 12 to 18 months, with significant benefits to UTI’s financial performance starting in fiscal 2019.
Kim McWaters, UTI’s President and Chief Executive Officer, said, “In November 2017, following the successful completion of our Financial Improvement Plan that reduced costs by $40 million, we launched a comprehensive evaluation of our business, with a focus on growing new student starts
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