Universal Technical Institute, Inc. (NYSE:UTI) reported revenue was $163.8 million with UTI increasing 5.4% versus the prior year period with Concorde Career Colleges, that it acquired last year, contributing $56.3 million for its fiscal 2023 second quarter ended March 31. Net income was $3.5 million, adjusted net income of $6.3 million, and adjusted earnings before […]
Universal Technical Institute Announces Purchase of Primary Buildings for Orlando Campus
Universal Technical Institute (UTI), a division of Universal Technical Institute, Inc. (NYSE:UTI), announced the purchase of the three buildings it fully occupies at its Orlando, Fla. campus, which offers technician training programs in automotive, diesel, motorcycle and marine. In February 2022, UTI completed the consolidation of its UTI-Orlando and MMI-Orlando campuses into the current location, […]
Collision Repair Student Among Females Awarded Universal Technical Institute and IGNITE Worldwide Tuition Grants
Michigan high school collision repair student receives $25,000 grant to pursue further education this fall. Universal Technical Institute (UTI) announced it awarded tuition grants to three female students planning to pursue a STEM education and career after they graduate high school. All three applied through a grant program sponsored by UTI and IGNITE Worldwide, a […]
Universal Technical Institute Selects Bosch to Develop New Courseware Supporting its Electric Vehicle Training Strategy
Universal Technical Institute (UTI) has selected Bosch to support the development of new courseware that helps meet the needs of the growing electric vehicle (EV) market, which continues to see record sales and a demand for skilled technicians. The new courseware is another step in UTI’s overall EV strategy, which also includes enhancing and offering […]
Universal Technical Institute-Orlando Launches BMW FastTrack Technician Training Program
Universal Technical Institute (UTI) has launched the first session of its new BMW FastTrack technician training programs at its Orlando, Fla. campus, the second location to begin offering the 12-week advanced training program. A collaboration between the luxury-class German automaker and UTI, the nation’s leading provider of automotive technician training, BMW FastTrack provides state-of-the-industry training […]
Universal Technical Institute and Ford Roll Out New Electric Vehicle Repair and Maintenance Curriculum
Universal Technical Institute (UTI) is rolling out new curriculum in its Ford FACT (Ford Accelerated Credential Training) program to prepare its students to keep the next generation of vehicles on the road. Automotive technicians are in demand, and as the electric vehicle (EV) market continues to grow, those with knowledge of high voltage batteries and […]
UTI Announces Purchase of Lisle, Illinois Campus from Joint Venture Partner
Universal Technical Institute (UTI) announced the completion of a series of transactions resulting in the 100% ownership of its Lisle, Ill. campus through a wholly owned subsidiary, 2611 Corporate West Drive Ventures, LLC (2611 CWD). This was accomplished by the acquisition of the approximately 72% ownership of 2611 CWD previously held by iStar Net Lease […]
NAPA Auto Parts and Universal Technical Institute Enter Strategic Alliance
Universal Technical Institute, Inc. (UTI) and NAPA AUTO PARTS (NAPA) have joined forces to support the future of those seeking careers in the transportation and aftermarket auto repair industries. NAPA has become the preferred UTI auto parts supplier, which includes its best-in-class NAPA Autotech training program that will be available to faculty. NAPA will supply […]
Service King Partners with UTI on Diversity, Equity & Inclusion Program
Service King Collision is partnering with Universal Technical Institute to implement diversity, equity and inclusion (DE&I) training for its leaders and team members. The collision repair facility operator has created changes within the organization that will leverage external partnerships and resources to build a diverse talent pool and develop an engaging candidate experience. To further […]
UTI Launches Blended Learning Initiative
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 […]
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