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You are here: Home / Archives for Universal Technical Institute

Universal Technical Institute Reopens Hands-On Labs at All Campuses

June 3, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Coronavirus, Universal Technical Institute

Universal Technical Institute Students Receive Higher Education Emergency Relief Fund CARES Act Grants

May 28, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Coronavirus, Universal Technical Institute

Universal Technical Institute Partners with Pennsylvania Automotive Businesses to Launch Early Employment Initiative

January 22, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Pennsylvania, Universal Technical Institute, Workforce Development

Universal Technical Institute Announces Senior Leadership Team Changes

January 10, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: People, Universal Technical Institute

AASP/NJ Partners with UTI on Employment Initiative

December 16, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: AASP/NJ, New Jersey, Universal Technical Institute, Workforce Development

Universal Technical Institute Reports Fiscal 2019 Revenue Up 4.6%

December 3, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Universal Technical Institute

Jerome Grant Named CEO at Universal Technical Institute

October 21, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: People, Universal Technical Institute

Universal Technical Institute Reports Revenue Up 5.9% in Fiscal Third Quarter

August 12, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Universal Technical Institute

Universal Technical Institute and Employers Partner on Early Employment Initiative in Arizona

July 9, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Arizona, Universal Technical Institute, Workforce Development

Universal Technical Institute Reports Revenue Up 1.3%

May 13, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Universal Technical Institute

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