Universal Technical Institute, Inc. (UTI), the leading provider of automotive technician training, today reported revenues for the fourth quarter ended September 30, 2016 of $86.9 million, a 4.1 percent decrease from $90.7 million for the fourth quarter of the prior year. The Net loss for the fourth quarter ended September 30, 2016 was $8.9 million […]
mikeroweWORKS Foundation and Universal Technical Institute Award Scholarships
Universal Technical Institute (NYSE:UTI) announced that it supplemented its initial contribution of $100,000 to mikeroweWORKS’ 2016 Work Ethic Scholarship Program with an extra $52,250 donation. UTI also directly awarded additional scholarships of $141,500 in the form of tuition reductions to applicants pursuing careers across the transportation segment, including collision repair. The students will study to […]
Universal Technical Institute Raises $70 Million in Private Placement
Universal Technical Institute, Inc. (NYSE:UTI), the provider of technician training for the auto, diesel, motorcycle, marine and collision repair industry, has entered into an agreement to sell 700,000 shares of Series A 7.5% convertible preferred stock to Coliseum Holdings I, LLC, an affiliate of Coliseum Capital Management for $70 million. Each share of preferred stock […]
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