Universal Technical Institute, Inc. (NYSE:UTI) announced several changes to its senior leadership team. Todd Hitchcock joined the company as its Chief Strategy and Transformation Officer and Lori Smith was promoted to Chief Information Officer. Also, a national search is underway for Chief Commercial Officer. Hitchcock, who has been consulting for UTI for two years, has […]
AASP/NJ Partners with UTI on Employment Initiative
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) has partnered with Universal Technical Institute (UTI) to help graduating students find employment with member shops. AASP/NJ Executive Director Charles Bryant and Mechanical Chairman Keith Krehel, from Krehel Automotive Repair in Clifton, N.J. recently were given a tour of the UTI Bloomfield campus which gave […]
Universal Technical Institute Reports Fiscal 2019 Revenue Up 4.6%
Universal Technical Institute, Inc. (NYSE:UTI) reported financial results for the fiscal 2019 fourth quarter and full year ended September 30, 2019. Fourth quarter revenue increased 9.2% versus the prior year quarter to $87.7 million, driving fiscal 2019 revenue for the full year to $331.5 million, up 4.6% versus the prior year. New student starts, excluding […]
Jerome Grant Named CEO at Universal Technical Institute
Succeeds Kimberly McWaters who will retire October 31. Universal Technical Institute, Inc. (NYSE: UTI) announced that Kimberly J. McWaters has advised the Board that she will retire as Chief Executive Officer effective October 31. McWaters will continue to serve on the Board of Directors as a non-executive director. Jerome A. Grant, the company’s Executive Vice […]
Universal Technical Institute Reports Revenue Up 5.9% in Fiscal Third Quarter
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 […]