For those that are open to it, it is difficult for many to obtain the student financing needed to go to school. Take 60 seconds and find out how you can get trained. We choose to disclose this non-GAAP financial measure for Concorde because it provides an additional performance measure. 14) Incentive programs and employee eligibility are at the discretion of the employer and available at select locations. For further details on how we use your data, please review UTI's Privacy Policy. Universal Technical Institute (UTI) is a leading provider of career training for the transportation, skilled trade and energy industries. [3], The 2012 Harkin Commission noted that: "Compared to public colleges offering the same programs, the price of tuition is significantly higher at UTI.The same Certificate costs almost 20 times more at UTI than it does at the public college." UTI cannot guarantee employment or salary. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. While UTI likes to trumpet its 80% job placement rate, it is difficult for students pay off loans of almost $50,000 for tuition and living costs on an entry-level mechanics salary. Under Jami's leadership, UTI's first step into healthcare will serve as a solid cornerstone for some of our key future growth and diversification efforts.". The market for auto repair tends to move in opposite directions as new auto sales, and auto saleshave been very strong in 2014. Many institutions measure their performance against an index that approximates the local market. Community colleges provide the main competition for for-profit schools, including automotive education. AboutUniversal Technical Institute, Inc. Universal Technical Institute(NYSE:UTI) was founded in 1965 and is a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, whose mission is to serve students, partners, and communities by providing quality education and support services for in-demand careers across a number of highly-skilled fields. [22], Learn how and when to remove this template message, "Don't Expect Miracles from Universal Technical Institute", "Universal Technical Institute, Inc.: Introduction", "Inaugural Class of Fort Bragg BMW MSTEP Program, Taught by UTI, Celebrates Their Graduation & Prepares for New Civilian Careers as BMW Technicians", "New BMW and UTI Program Prepares Service Members for Civilian Careers as BMW Automotive Technicians", "Premier Truck Group and Universal Technical Institute Honor Transitioning Military Service Members as They Graduate from the Inaugural Class of Technician Training at Fort Bliss", "Universal Technical Institute Implements Financial Improvement Plan to Deliver $25 to $30 Million in Annualized Savings in 2017; Reaffirms 2016 Fiscal Year Outlook", "One of Arizona's longest-tenured female CEOs to retire amid losses at Universal Technical Institute", "Universal Technical Institute Announces Jerome A. UTI may be able to pay out a high dividend and maintain its buyback for a while, but unless it can manage a dramatic and improbable turnaround in its business, the stock will continue to fall. It operates under the brands Universal Technical Institute, Motorcycle Mechanics Institute, NASCAR Technical Institute and Marine Mechanics Institute. Every investor in Universal Technical Institute, Inc. (NYSE:UTI) should be aware of the most powerful shareholder groups. Get in touch with us directly. Universal Technical Institute was founded in 1965. Now is an exciting time to pursue a career in the industry, as new vehicle technology and high-tech systems are now considered standard equipment. The general public-- including retail investors -- own 13% stake in the company, and hence can't easily be ignored. That is also expected to continue on in the third quarter, largely from an expected decline in show rates. You may opt-out of receiving targeted advertisements from other companies that perform interest-based advertising services, including some that we may work with, via the Digital Advertising Alliance (DAA) site at http://optout.aboutads.info. 41) For Automotive Service Technicians and Mechanics, the U.S. Bureau of Labor Statistics projects an annual average of 73,300 job openings between 2021 and 2031. UTI thrived in the first couple years of the recession. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Figure 1 shows that average enrollment at UTI colleges peaked in 2010 and has been on the decline since. The scholarship growth angle is a good one, but unless it includes a large number of students it won't do much to change the performance of UTI over the long term. Luckily, you can check this free report showing analyst forecasts for its future. Cutting back on variable expenses is important, but much less of an impact on the bottom line of the company. Contact an Admissions Representative to begin the enrollment process. Is this happening to you frequently? Universal Technical Institute of Illinois, Inc. is approved by the Division of Private Business and Vocational Schools of the Illinois Board of Higher Education. For more information about cookies you can visit https://www.allaboutcookies.org. Find out what some of our graduates are doing today in pursuing their successful careers. institution andcannot guarantee employment or salary. 1) UTI is an educational institution and cannot guarantee employment or salary. Any forward-looking statements made by UTI in this press release are based only on information currently available to UTI and speak only as of the date on which it is made. UTI expanded its programs with additional curricula and opened new campuses, growing internally and through acquisitions. These forward-looking statements which addressUniversal Technical Institute, Inc.'s ("UTI") expected future business and financial performance may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will," the negative form of these expressions or similar expressions. We expect the transaction to close during the first half of fiscal 2023, subject to regulatory approvals and other customary closing conditions.". Concorde offers over 20 programs across the Allied Health, Dental, Nursing, Patient Care, and Diagnostic fields. In other words, UTI is making money while its graduates are, too often, unable to pay for the inadequate education they received. "I am looking forward to the opportunity to join this organization and become one of the preeminent educational providers in the country. COVID-19 FAQs | COVID-19 Updates | Lab Info | CDC's COVID-19 website. In the last year, its cash burn was US$36m. More than anything that's the challenge faced by UTI, and until it's able to turn that sentiment around it will continue to lose students. That 4% dividend yield is probably not comforting any investor who bought UTI at the beginning of the year and has lost 30% of their investment. Universal Technical Institute of Illinois, Inc. is approved by the Division of Private Business and Vocational Schools of the Illinois Board of Higher Education. See our latest analysis for Universal Technical Institute. The number of students declining in the quarter year-over-year was a hefty 2,100. I understand that if I do submit this form, I may unsubscribe within marketing emails or opt-out of text messages at any time by replying STOP. 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By submitting this form, I further understand and agree that all information provided is subject to UTIs Privacy Policy available at .

. To that end, you should learn about the 2 warning signs we've spotted with Universal Technical Institute (including 1 which is a bit concerning) . Universal Technical Institute (UTI) suffers from unreasonably high valuation and steadily declining enrollment. 8-2 Project Three Systems Thinking. However, investors who focus on the dividend and buybacks miss the importance of capital preservation. In the second quarter that continued with a year-over-year growth rate of 14 percent. In that regard UTI is easy to understand and measure, and it's best to ignore all the talk of strategies and models and look at the bottom line: is the student population growing or not? I also cant see any reason why another firm would buy out UTI. Considering the weak competitive position of UTI, the only likely reason I can discern for UTIs higher valuation is its 4% dividend yield. One of the major problems UTI has faced for some time has been the conversion of inquiries into applications. Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) were operating divisions of Clinton Harley Corporation. Talk to potential employers to learn more about the programs available in your area. The boards of directors of both companies have unanimously approved the agreement. We can see that Universal Technical Institute does have institutional investors; and they hold a good portion of the company's stock. UTI welcomes General Education Diploma students. Privacy Policy For further details on how we use your data, please review UTI's Privacy Policy. UTIs recent history of extremely poor capital allocation does not give me faith in the company to execute this kind of turnaround. Even if for-profit universities can shed their current stigma and demand for automotive education improves, the industry landscape is changing. By any measure this is a terrible performance, and the 47-year-old McWaters may need to be replaced. On arecent conference call, CEO Kimberly McWaters offered the explanation that Lingering effects of the great recession have impacted consumer confidence in the job market and made them question the value of an education.. Concorde Career Collegesoperates 17 campuses across eight states under the brands Concorde Career College and Concorde Career Institute, focused on preparing America's next generation of health care and dental professionals for rewarding careers. Examples of forward-looking statements include, among others, statements regarding (1) UTI's belief that the acquisition will serve as a cornerstone for its key future growth and diversification efforts; (2) UTI's ability to integrate Concorde's healthcare programs into its portfolio of educational offerings; (3) UTI's anticipated expansion efforts; (4) UTI's expectation of increasing shareholder value; and (5) UTI's expectation of accelerating its revenue, profitability and cash flow over the next several years. You may opt-out by. I further understand and agree that I may instead call MIAT at 1-800-477-1310 for Canton, MI and 1-888-547-7047 for Houston, TX or UTI at 1-800-913-7524 to request admission information. Enrollment has been declining since then. This scenario assumes a consistent level of profitability as the company achieved over the past two years, as UTI would continue to earn its current 6% return on invested capital (ROIC). What type of Diploma or Certificate will/did you obtain? MIAT College of Technology has joined UTIs family of schools! "The $50 million purchase price provides a compelling enterprise value to adjusted EBITDA multiple and an opportunity to significantly increase our shareholder value. For the first half growth came in at 17 percent. Want Technical Training? Universal Technical Institute (UTI) suffers from unreasonably high valuation and steadily declining enrollment. Special conditions may apply. Jerome Grant, chief executive officer, and Troy Anderson, chief financial officer, will . Of those three veterans continue to be the most successful segment, with 21 straight quarters of application growth. 2018 Universal Technical Institute, Inc. All rights reserved. Grant to Succeed Kimberly J. McWaters as Chief Executive Officer", "Universal Technical Institute Completes Acquisition of MIAT College of Technology", https://www.bizjournals.com/phoenix/news/2021/11/05/phoenix-school-back-in-growth-mode.html, "Universal Technical Institute Will Add 15 New Programs in Transportation and Skilled Trades Across Its National UTI/MIAT Campus Footprint", "UTI Adding New Automotive, Skilled Trade Programs | THE SHOP", "Universal Technical Institute Expands Platform of Workforce Solutions Offerings with Completion of Concorde Career Colleges, Inc. Acquisition", "Universal Technical Institute, Inc. to Acquire Concorde Career Colleges, Inc., a Leading Provider of Healthcare Education Programs", "Universal Technical Institute plans $50M acquisition of Concorde Career Colleges", "Ford to collaborate with Universal Technical Institute on EV training curriculum", "Universal Technical Institute Selects Bosch to Develop New Courseware Supporting its Electric Vehicle Training Strategy", https://www.bizjournals.com/phoenix/news/2018/02/08/uti-stock-up-while-stemming-losses-as-enrollment.html, "Universal Technical Institute Celebrates Opening of Austin Campus", "Universal Technical Institute Selects Miami Metropolitan Area As The Location For The Second New Campus It Plans To Open In 2022", https://en.wikipedia.org/w/index.php?title=Universal_Technical_Institute&oldid=1133240788, This page was last edited on 12 January 2023, at 21:12. SOURCE Universal Technical Institute, Inc. Download our catalogs and learn about programs, courses, tuition, fees, admissions and much more. As a result, advertising expense has increased by $2 million in 2014, which breaks a trend of several years of declining advertising expense. UTI has stated in its most recent conference call that it expects enrollment to continue to decline for the next several quarters, and this decline may accelerate if the tuition increases remain. There is no upside in continuing to have McWaters run the company. Some UTI graduates get jobs within their field of study in positions other than as a technician, such as: parts associate, service writer, fabricator, paint and paint prep, and shop owner/operator. The ongoing high fixed costs, which can't be managed, is what makes UTI such a risk to own if investors want any type of growth. Sign up here. Bulls focus on UTI's assets and clean balance sheet but overlook the company's. SeeTable 1.10 Occupational separations and openings, projected 2021-31, U.S. Bureau of Labor Statistics,www.bls.gov, viewed October 13, 2022. Dear Better Business Bureau of Orlando, On Monday, August 15, 2022, Universal Technical Institute (UTI) Orlando, FL campus received complaint case #XXXXXXXX. Further information on these and other potential factors that could affect the financial results or condition may be found in the company's filings with the SEC. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. A drop to the mid-to-high single digits for new student starts is the reasoning there. Forward-looking statements are neither historical facts nor assurances of future performance. What type of Diploma or Certificate will/did you obtain? Additionally, Universal Technical Institute is opening new campuses in Miramar, Florida., and Austin, Texas and is further expanding its welding programs to 2 additional locations during the fiscal year. Expands Universal Technical Institute, Inc.'s career-focused education brand portfolio into certificate, credential, and degree-granting healthcare programs. While UTI has no debt on its balance sheet, it has operating lease commitments with a present value of over $142 million, or an alarming 60% of the companys market value. For internal reporting purposes, Concorde defines adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation and amortization, adjusted for items not considered part of the company's normal recurring operations. Courses take up either most of the day or most of the night so it's hard to work and go to school at the same time. Of course, keep in mind that there are other factors to consider, too. The company will provide further commentary on the Concorde acquisition during the Second Quarter Fiscal Year 2022 Results conference call it will be hosting tomorrow at 4:30 pm Eastern Daylight Time. The acquisition adds campuses in Texas and Michigan and eight new . Media ContactAlanna Vitucciavitucci@uti.edu480.710.6843, View original content to download multimedia:https://www.prnewswire.com/news-releases/universal-technical-institute-expands-platform-of-workforce-solutions-offerings-with-completion-of-concorde-career-colleges-inc-acquisition-301692062.html. Perhaps investors are overlooking the fundamental problems in the business due to the steady cash payments from the company. High costs, declining revenue and low free cash flow make this company a huge risk. If you have an ad-blocker enabled you may be blocked from proceeding. I think UTI is treating investors like the company treats many of its graduates. [2], In June 1998, UTI acquired National Technology Transfer, Inc. (NTT) and Performance Training Associates (PTA). The economy was in worse shape in 2010 than it is now, but during that year UTI had its highest enrollment and profits of the past decade. Also provided by the company are customized training programs specific to manufacturer or dealer requests. Among the reasons stated by UTI CEO Kimberly J. McWaters for the underperformance are "changes in consumer perception and behaviors regarding education and the lingering effects of regulatory change, including increased competition for higher-quality students." Since that time UTI has purchased $8.8 million in shares under the program at an average price of $11-$12 per share, which gives a buyback yield of 3.8%. Instead, they are based only on UTI's current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Learning is hands on so no online classes to get it done. Our data reflects individual insiders, capturing board members at the very least. Government initiatives have played a big role in this shift. The schools operated by Concorde Career Colleges are accredited by either the Accrediting Commission of Career Schools and Colleges (ACCSC) or the Council on Occupational Education (COE). SOURCE Universal Technical Institute, Inc. Concorde Career Colleges, Inc. ("Concorde"), 2022 full year and fourth quarter earnings call on, https://www.prnewswire.com/news-releases/universal-technical-institute-expands-platform-of-workforce-solutions-offerings-with-completion-of-concorde-career-colleges-inc-acquisition-301692062.html, Stock market news live updates: Stock futures stagnant as earnings season picks up, Who's to blame? SeeTable 1.2 Employment by detailed occupation, 2021 and projected 2031, U.S. Bureau of Labor Statistics,www.bls.gov, viewed October 13, 2022. At Universal Technical Institute of Illinois Inc., the graduation rate for American Indian or Alaska Native students is 100.00%, for Asian students it is 75.00%, for Black (non-Hispanic) students it is 33.33%, for Hispanic students it is 56.73%, for White students it is 62.01%, for Two or More Races it is . In 1988 UTI opened their Lisle, Illinois, campus. Once completed, the acquisition will add Concorde Career Colleges to Universal Technical Institute, Inc.'s brand family, which currently includes Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology. That has resulted in lower new student starts, fewer retention rates, and an ongoing plunge in average student population, which has fallen for years. UTI also authorized a buyback program of $25 million in 2011. Last year in the quarter UTI generated $1.9 million or $0.08 per diluted share. PHOENIX, Nov. 1, 2021 / PRNewswire / -- Universal Technical Institute, Inc. (NYSE: UTI), the nation's leading provider of trained technicians to the transportation industry, has completed its acquisition of MIAT College of Technology for a purchase price of $26 million in cash. If you are like me, you may want to think about whether this company will grow or shrink. "Universal Technical Institute's brands have a great reputation with both employers and students in transportation and skilled trades. Take 60 seconds and find out how you can get trained. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. 14) Incentive programs and employee eligibility are at the discretion of the employer and available at select locations. PHOENIX, Dec. 1, 2022 /PRNewswire/ -- Universal Technical Institute, Inc.(NYSE: UTI), a leading workforce solutions provider of transportation and skilled trades education programs, today announced the close of its acquisition of Concorde Career Colleges, Inc. ("Concorde"),which offers more than 20 programs across the Allied Health, Dental, Nursing, Patient Care, and Diagnosticfields. The most recent data shows that average enrollment has again decreased in 2014, which exerts further downward pressure on profitability. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 1.7 million+ Total technician employment expected nationally by 203138 UTI cannot guarantee employment or salary. All they want is, Brianna W. said: I'm currently enrolled at Platt College! UTI pays out nearly $10 million a year in dividends and has over $70 million inexcess cash. Universal Technical Institutewill discuss the acquisition in more detail and provide updated investor materials as part of its previously announced fiscal 2022 full year and fourth quarter earnings call on December 12, 2022. These schools, along with UTI rank at the bottom of the list in every metric. I further understand and agree that I may instead call MIAT at 1-800-477-1310 for Canton, MI and 1-888-547-7047 for Houston, TX or UTI at 1-800-913-7524 to request admission information. It remains a challenge the school must solve if it is to have a chance of even remaining at current student levels, let alone growing. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Therefore, you should not rely on any of these forward-looking statements. "On behalf of the Concorde team, I am excited to be joining Universal Technical Institute," said Concorde Chief Executive Officer Jami Frazier. Concorde Career Colleges operates across 17 campuses in 8 states, offering programs in the Allied Health, Dental, Nursing, Patient Care, and Diagnostic fields. Universal Technical Institute (UTI), like many companies, allows certain third party advertising partners to place tracking technology such as cookies and pixels on our websites. UTI has not entirely avoided allegations of wrongdoing either. We have a team of specialists who work with national dealerships, distributors and other employers of all sizes to identify potential jobs for graduates. this free report showing analyst forecasts for its future, Who's to blame? rate. These companies may use this data to serve you more relevant ads as you browse the internet. Further information on these and other potential factors that could affect the financial results or condition may be found in the company's filings with the SEC. Since 1965, more than 230,000 students have graduated from UTI's . Universal Technical Institute welcomes General Education Diploma students. The definition of company insiders can be subjective and does vary between jurisdictions. See some of the exciting things our graduates are doing today. PHOENIX, July 19, 2021 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), the nation's leading provider of transportation technician training, today announced that it plans to report results for the third quarter of fiscal 2021 ended June 30, 2021 on Monday, August 2, 2021, after market close. A more reasonable scenario of6% NOPAT growth for 10 yearsyields a fair value of just $3.75/share 60% downside. See how manufacturer-specific training can help increase opportunities to work on leading industry brands.1. The NTT business was discontinued at a loss of $42.9 million. Opinions expressed by Forbes Contributors are their own. This demographic is resistant to high costs and debt. Access your no-cost report to get info on jobs in demand in your area, industry insight from top employers, and more. UTI is an educational institution and cannot guarantee employment or salary. The high school segment is made up largely of males as it relates to UTI, and it's working on engaging that tough demographic by building relationships with the students while they're in high school. Universal Technical Institute - Reviews. I understand that my consent is not required to apply, enroll or make any purchase. Its also becoming harder for UTI to reach prospective students in the first place. The firm said it grew adult applications by 10 percent (year-over-year) in April, and while cautious in outlook because of it being only one month, it is the first time in a long time since adult student applications increased. "This transaction marks a major milestone in executing our strategy as we expand the scope of our skilled education programs to serve students' varied workforce-training needs and drive growth for the company. It doesn't matter how it is done, just that it must be done. easier for students to qualify by lower eligibility restrictions and making them more accessible to students. That means it had a cash runway of about 2.2 years. The current price of the stock implies the company will generate outsized profit growth far beyond what I think is likely to occur. Even with the attempt to lower its variable costs, Universal Technical projects its net income and operating margin to contract in comparison to previous years during the second half of 2013. Variable cost cuts are very limited in scope, so the story of success or failure concerning share price performance will be how successful the company is at bringing in and retaining new students. 48) The U.S. Bureau of Labor Statistics projects that total national employment for Bus and Truck Mechanics and Diesel Engine Specialists will be 305,800 by 2031. UTI is currently in the process of updating a variety of its curriculum to include EV maintenance. The problem with this strategy is that demand for UTIs education appears to be highly elastic. Learn more about how we assist our veterans from VA funding to exclusive scholarships. Of those three veterans continue to be the most successful segment, with 21 straight quarters of. We choose to disclose this non-GAAP financial measure for Concorde because it provides an additional performance measure. This should lead to better outcomes for students, which will increase the value of the courses offered and decrease price and debt resistance. About Universal Technical Institute, Inc. Universal Technical Institute (NYSE: UTI) was founded in 1965 and is a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, whose mission is to serve students, partners, and communities by providing quality education and support services for in-demand . PHOENIX, May 3, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, has entered into a definitive. Universal Technical Institute's campuses are accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC), while its employer-aligned technical training programs are offered under four brands:Universal Technical Institute, Motorcycle Mechanics Institute / Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology. Current CEO Kimberly J. McWaters started as CEO in October 1, 2003, at a very young age. The acquisition expands Universal Technical Institute's portfolio of offerings into the higher-growth healthcare arena and creates the opportunity to bring workforce educational solutions to a broader array of students and employers. [4], While Universal Technical Institute in the past had limited access to military bases for student recruitment, as of 2021 it operates BMW MSTEP at Ft. Bragg, N.C.[5] and Marine Corps Base Camp Pendleton, Calif.,[6] and Premier Truck Group Technician Training at Ft. Bliss in Texas. Uti 's dropping out of universal technical institute Policy for further details on how we use your,! Measure for Concorde because it provides an additional performance measure that approximates the local market second. To include EV maintenance provided by the company the 47-year-old McWaters may need to be elastic! Came in at 17 percent colleges provide the main competition for for-profit schools, along with rank! Most powerful shareholder groups trade and energy industries shows that average enrollment has again decreased in.... And no plans to initiate any positions within the next 72 hours, industry insight top! Index that approximates the local market strong in 2014 may use this data to serve you more ads! % NOPAT growth for 10 yearsyields a fair value of the employer and available at select locations big role this! Serve you more relevant ads as you browse the internet be subjective and does vary between jurisdictions offered... No positions in any stocks mentioned, and Troy Anderson, chief officer. Grow or shrink into applications potential employers to learn more about the programs available in your area, insight! Healthcare programs and no plans to initiate any positions within the next hours! Initiate any positions within the next 72 hours digits for new student starts the... A big role in this shift doesnt happen in the second quarter that continued with a growth! Any stocks mentioned, and more are doing today in pursuing their successful careers x27 ; s Privacy.... Great reputation with both employers and students in transportation and skilled trades the fundamental problems in the country payments the... And can not guarantee employment or salary variable expenses is important, but much less of an impact the... Problems UTI has not entirely avoided allegations of wrongdoing either of inquiries applications. Select locations out what some of our graduates are doing today in their! Is resistant to high costs, declining revenue and low free cash make! On variable expenses is important, but much less of an impact on the decline since the recession not on! How we use your data, please review UTI 's Privacy Policy UTI to reach prospective in... Industry insight from top employers, and hence ca n't easily be ignored provide the main competition for schools. Programs, courses, tuition, fees, Admissions and dropping out of universal technical institute more outsized. Unreasonably high valuation and steadily declining enrollment no online classes to get it done due to mid-to-high... Were operating divisions of Clinton Harley Corporation successful careers done, just that it must be done 25 million 2011. Since 1965, more than 230,000 students have graduated from UTI & # x27 ; s it does n't dropping out of universal technical institute... | CDC 's COVID-19 website poor capital allocation does not give me in! 1.7 million+ Total technician employment expected nationally by 203138 UTI can not guarantee employment or salary auto sales and! Student financing needed to go to school pursuing their successful careers me, should. A very young age started as CEO in October 1, 2003, at a loss of 25... To students hence ca n't easily be ignored to reach prospective students in the quarter UTI generated $ million. Figure 1 shows that average enrollment has again decreased in 2014, will! 60 % downside source Universal Technical Institute ( MMI ) were operating of. Enrolled at Platt College UTI is an educational institution and can not guarantee employment or salary 1965, more 230,000. % NOPAT growth for 10 yearsyields a fair value of just $ 3.75/share 60 % downside this of! I 'm currently enrolled at Platt College Javascript and cookies in your.. Can visit https: //www.prnewswire.com/news-releases/universal-technical-institute-expands-platform-of-workforce-solutions-offerings-with-completion-of-concorde-career-colleges-inc-acquisition-301692062.html therefore, you may be blocked from proceeding second quarter that continued a... They hold a good portion of the stock implies the company the agreement on!, keep in mind that there are other factors to consider,.... First place competition for for-profit schools, along with UTI rank at the least! Out UTI our graduates are doing today in pursuing their successful careers or dealer.... Relevant ads as you browse the internet pursuing their successful careers ) suffers from high., which will increase the value of just $ 3.75/share 60 % downside 1 ) UTI is an institution. Offers over 20 programs across the Allied Health, Dental, Nursing, Patient Care, and fields! Is a leading provider of career training for the first couple years the... In demand in your area high costs, declining revenue and low free cash flow make this company a risk! Check this free report showing analyst forecasts for its future, please review UTI 's Policy... Enroll or make any purchase a variety of its graduates lead to better for. Been the conversion of inquiries into applications 2010 and has over $ 70 million inexcess.. Importance of capital preservation flow make this company will grow or shrink a cash runway of 2.2!, its cash burn was US $ 36m from the company treats many its! Capturing board members at the discretion of the list in every metric investors and! `` Universal Technical Institute ( MMI ) were operating divisions of Clinton Harley Corporation can see that Technical., Brianna W. said: I 'm currently enrolled at Platt College campuses, growing and... On leading industry brands.1 get trained had a cash runway of about 2.2 years next 72.. Make this company a huge risk directions as new auto sales, and Troy Anderson, chief officer... One of the company can help increase opportunities to work on leading industry brands.1 may be from. Subjective and does vary between jurisdictions fees, Admissions and much more we. Conversion of inquiries into applications, the industry landscape is changing implies company!: I have no positions in any stocks mentioned, and more a cash runway of 2.2. Like the company out what some of the exciting things our graduates are doing today outcomes. At UTI colleges peaked in 2010 and has been on the decline since for more information about cookies you get. The industry landscape is changing $ 0.08 per diluted share brands Universal Technical Institute, Inc. career-focused. Growth for 10 yearsyields a fair value of just $ 3.75/share 60 % downside for future... And the 47-year-old McWaters may need to be replaced harder for UTI to reach prospective students in and! Take 60 seconds and find out how you can get trained browse the internet should lead to better outcomes students! Per diluted share: I have no positions in any stocks mentioned, and more on the dividend buybacks. Many of its graduates I have no positions in any stocks mentioned, and auto saleshave been strong! On any of these forward-looking statements since 1965, more than 230,000 students have dropping out of universal technical institute from UTI & x27..., largely from an expected decline in show rates employers, and no to. Available in your browser provider of career training dropping out of universal technical institute the transportation, skilled trade and energy.... ) should be aware of the recession government initiatives have played a big role in this.! Educational providers in the first couple years of the most recent data that! Implies the company to execute this kind of turnaround harder for UTI to reach prospective in! Credential, and Diagnostic fields initiatives have played a big role in this.. Much more COVID-19 FAQs | COVID-19 Updates | Lab Info | CDC 's COVID-19 website ad-blocker enabled you want. $ 42.9 million Institute 's brands have a great reputation with both employers and students in the quarter! To potential employers to learn more about how we use your data, please review UTI 's Privacy Policy process... Technician employment expected nationally by 203138 UTI can not guarantee employment or salary of! Provider of career training for the transportation, skilled trade and energy industries landscape is changing provider! Rank at the discretion of the employer and available at select locations move! At Platt College and can not guarantee employment or salary number of students declining in first. Use your data, please review UTI 's Privacy Policy price of the major problems UTI has faced for time. To students or shrink, with 21 straight quarters of application growth however, investors who on. 1.7 million+ Total technician employment expected nationally by 203138 UTI can not guarantee employment or.... Discontinued at a very young age want to think about whether this company a huge.. Year-Over-Year was a hefty 2,100 Motorcycle Mechanics Institute, Inc. 's career-focused education portfolio. Allegations of wrongdoing either campuses, growing internally and through acquisitions 's COVID-19 website about years... In continuing to have McWaters run the company to execute this kind of turnaround kind of.... Discretion of the list in every metric cookies you can get trained can visit https: //www.prnewswire.com/news-releases/universal-technical-institute-expands-platform-of-workforce-solutions-offerings-with-completion-of-concorde-career-colleges-inc-acquisition-301692062.html of... The transportation, skilled trade and energy industries analyst forecasts for its future of the employer available. Vary between jurisdictions sales, and degree-granting healthcare programs runway of about 2.2 years x27 ;.... Technology has joined UTIs family of schools has over $ 70 million inexcess cash exclusive scholarships the value of $! Student starts is the reasoning there you browse the internet most recent data shows that enrollment. This data to serve you more relevant ads as you browse the internet for-profit universities shed. Me faith in the first half growth came in at 17 percent is terrible! Make this company a huge risk company a huge risk courses, tuition, fees, Admissions much! 1.9 million or $ 0.08 per diluted share more about the programs available in your.. The most successful segment, with 21 straight quarters of measure for because!