Universal Technical Institute, Inc. (NYSE: UTI) reported revenue increased 5.5% to $79.0 million for the fiscal 2019 third quarter ended June 30 compared to $74.9 million in 2018. According to the training provider, the increase was driven by higher average full-time enrollment. New student starts, excluding the Norwood, Mass. campus that will close in […]
Universal Technical Institute and Employers Partner on Early Employment Initiative in Arizona
Universal Technical Institute (UTI) has launched a first-of-its-kind initiative that engages transportation industry employers in developing their talent pipelines and gives students an inside track on rewarding long-term careers. UTI’s Early Employment initiative marries proven post-secondary skills education with on-the-job, apprenticeship-type training. Under the program, students learn about and can apply for local jobs with […]
Universal Technical Institute Reports Revenue Up 1.3%
New student starts were up 11.2 percent for the fiscal second quarter and 12.7 percent year to date. Universal Technical Institute, Inc. (NYSE: UTI) reported revenues increased 1.3 percent to $81.7 million, driven by higher average full-time enrollment in its fiscal 2019 second quarter ended March 31. The increase occurred despite one less earning day […]
UTI Hosting Career Expos and Open Houses to Promote Transportation Careers
As employer demand soars for skilled transportation technicians, Universal Technical Institute (UTI) invites students from across the country to take an exclusive, first-hand look at the extensive opportunities available in this high-tech industry. UTI is hosting a nationwide Technicians and Technology Career Expo & Open House today for students interested in exploring careers as transportation, […]
UTI Opens Registration for Free Ignite Summer Program for High School Juniors
Free summer program offers hands-on introduction and training for high-tech, high-demand careers in the transportation industry. As part of its continued effort to address growing workforce demand for skilled technicians, Universal Technical Institute (NYSE: UTI) is bringing back Ignite – a free, summer program designed to give high school juniors an exclusive firsthand look at […]
Universal Technical Institute Reports Fiscal Q1 2019 Revenue Up 2.3%
New student starts up 14.8 percent. Universal Technical Institute, Inc. (NYSE: UTI), reported financial results for the fiscal 2019 first quarter ended December 31, 2018. Revenues increased 2.3 percent to $83.1 million, compared to $81.2 million for the prior year period. An additional earning day and higher average tuition with virtually flat average students led […]
Universal Technical Institute Reports Revenue Down 1.8% in Third Quarter 2018
Universal Technical Institute, Inc. (NYSE: UTI), the provider of transportation technician training, reported financial results for the fiscal 2018 third quarter ended June 30,. Revenues for the quarter were $74.9 million, down 1.8 percent compared to $76.3 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 5.1 percent decrease […]
Scott Yessner Named Interim Chief Financial Officer at UTI
Universal Technical Institute, Inc. (NYSE:UTI), announced that, effective May 14, Scott Yessner assumed the role of interim chief financial officer of the company and will report to UTI’s President and CEO Kim McWaters. Yessner succeeds Bryce Peterson, who has left the company by mutual agreement to pursue other interests. Peterson’s departure was not the result […]
Universal Technical Institute Reports Revenue Down 4.4% in Fiscal Second Quarter
Universal Technical Institute, Inc. (NYSE: UTI) reported financial results for the fiscal 2018 second quarter ended March 31, 2018. Revenues for the quarter were $80.7 million, compared to $82.5 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 4.4 percent decrease in UTI’s average student population. Operating expenses for […]
Universal Technical Institute Announces Strategic Transformation Plan
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 […]