Universal Technical Institute (NYSE: UTI) is evolving its learning model and will blend UTI’s hands-on training with instructor-facilitated online instruction. The learning model will not only increase access for students but will also better prepare them to be life-long learners. Students will continue to receive the industry-aligned hands-on lab training UTI is known for and […]
Universal Technical Institute to Discontinue Collision Repair Training at Sacramento Campus
Universal Technical Institute (NYSE: UTI) announced the expansion of its Welding Technology program to a seventh campus and significant cost savings from lease restructuring and rightsizing at its Sacramento campus. As part of the rightsizing, the Collision Repair and Refinish Technology program (CRRT) will be phased out at the Sacramento campus. All current CRRT students […]
Universal Technical Institute Campuses Recognized by Accrediting Commission of Career Schools and Colleges
Four Universal Technical Institute (NYSE: UTI) campuses have been named 2019-2020 “Schools of Excellence” by the Accrediting Commission of Career Schools and Colleges (ACCSC). The designation, which is the Commission’s most prestigious institutional achievement award, recognizes commitment to quality education and preparing students for success. UTI-Avondale (Ariz.), UTI/MMI-Orlando (Fla.), MMI-Phoenix (Ariz.) and UTI-Rancho Cucamonga (Calif.) […]
Universal Technical Institute Reports Fiscal Third Quarter of Revenue Down 31%
Universal Technical Institute, Inc. (NYSE: UTI), the provider of transportation technician training, reported revenue of $54.5 million for its fiscal third quarter ended June 30, down 31% from the prior year quarter reflecting timing of students returning from leave of absence (LOA) and overall student progression through make-up labs. The company reported new student starts […]
Universal Technical Institute Reopens Hands-On Labs at All Campuses
Universal Technical Institute (NYSE: UTI) announced it reopened hands-on training labs at ten of its thirteen campuses. Labs at three remaining campuses are scheduled to open by June 15. Modified in alignment with Centers for Disease Control and Prevention (CDC) and local health department guidelines, the labs allow students participating in online courses to continue […]
Universal Technical Institute Students Receive Higher Education Emergency Relief Fund CARES Act Grants
Funding will help more than 10,000 students impacted by the COVID-19 crisis. Universal Technical Institute (NYSE:UTI) announced it started distributing $17.6 million in Higher Education Emergency Relief Fund (HEERF) CARES Act stimulus grants to more than 10,000 students training for careers as technicians, welders and computer numerical control (CNC) machinists. The cash grants help students […]
Universal Technical Institute Partners with Pennsylvania Automotive Businesses to Launch Early Employment Initiative
Working with local transportation industry employers, Universal Technical Institute (UTI) in Exton, Pa., has launched its Early Employment initiative that blends post-secondary skills education with on-the-job, apprenticeship-type training. The Exton, Pa. campus provides both automotive and diesel training programs. The Exton campus is only the second of 12 campuses to offer the program. UTI started […]
Universal Technical Institute Announces Senior Leadership Team Changes
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 […]