What type of Diploma or Certificate will/did you obtain? As a result, the company is likely to default on the promises implied by the stocks lofty valuation. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. You can click here to see if those insiders have been buying or selling. Note that UTI scores second lowest in profit margins, profit growth, and is the most highly valued company on the list. [21] A planned Miramar, Florida campus opened in Summer of 2022. Other than cutting variable costs, the other major thing UTI must do is build back its student population. On top of the stigma against for-profit schools, UTI faces other significant headwinds in attracting students. Investors impressed by UTIs job placement rates need also to look at the quality of the jobs the graduates are getting. Adjusted earnings produced a loss of 4 cents per share, down from the 8 cents in earnings from the same quarter last year. Whether or not UTI is truly guilty of any wrongdoing, the presence of these allegations against it and for-profit schools, in general, serves as a deterrent to potential students. Concorde Career Colleges is a leading provider of healthcare education programs focused on preparing students for successful professions in the healthcare sector, which is expected to add about 2.6 million new jobs over the next decade due to attrition in the workforce along with an aging population that is expected to drive increased demand for healthcare services.1 The company offers diploma and degree programs across nursing, dental hygiene, and other direct patient care fields including physical therapy assistant and respiratory therapy, as well as allied health including medical and dental assisting and healthcare administration. Click the button and tell us what program you're interested in! UTI has relationships with manufacturers of more than 35 leading brands. High costs, declining revenue and low free cash flow make this company a huge risk. Contact an Admissions Representative to begin the enrollment process. UTI shares have fallen to under $10 since the buyback began, which indicates that the share repurchase program has destroyed over 20% of the $8.8 million purchased, or around $2 million in value. 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. In other words, UTI is making money while its graduates are, too often, unable to pay for the inadequate education they received. In the second quarter fiscal 2013, Universal Technical Institute generated net revenues of $95.1 million, plunging by 10.5 percent year-over-year. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Of those three veterans continue to be the most successful segment, with 21 straight quarters of. UTI's default rate, however, was relatively low for a for-profit college, fluctuating from 12% to 16%. All statements contained in this press release, other than statements of historical fact, are "forward-looking" statements within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). With the addition of the Concorde brand and its portfolio of programs and campuses, Universal Technical Institute will significantly expand upon its already announced growth and diversification plans. 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. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of UTI's control. rate. Learn more about how we assist our veterans from VA funding to exclusive scholarships. 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 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. Talk to potential employers to learn more about the programs available in your area. All they want is, Brianna W. said: I'm currently enrolled at Platt College! 5) UTI programs prepare graduates for careers in industries using the provided training, primarily as automotive, diesel, collision repair, motorcycle and marine technicians. NTT provided intensive training seminars to technicians in sectors similar to the sectors that they served. UTI is an educational institution and cannot guarantee employment or salary. Every investor in Universal Technical Institute, Inc. ( NYSE:UTI) should be aware of the most powerful shareholder groups. Combined it resulted in the operating loss of $1.9 million in the second quarter. Concorde Career Colleges operates across 17 campuses in 8 states, offering programs in the Allied Health, Dental, Nursing, Patient Care, and Diagnostic fields. It may take several years before the current efforts bear fruit, if they do at all. 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. Concorde Career Colleges' 20 student-focused academic programs and personalized support prepare graduates for in-demand careers in nursing, dental, respiratory, diagnostic, and other health care roles. The growing strategy on the part of students to test out of college courses to lower costs and the time it takes to graduate also doesn't bode well for UTI and similar educational institutions. In the second quarter that continued with a year-over-year growth rate of 14 percent. 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. Jerome Grant, chief executive officer, and Troy Anderson, chief financial officer, will . Want Technical Training? UTIs recent history of extremely poor capital allocation does not give me faith in the company to execute this kind of turnaround. Universal Technical Institute - Reviews. UTI also authorized a buyback program of $25 million in 2011. 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. 1.7 million+ Total technician employment expected nationally by 203138 At the time of its initial public offering, UTI carried a debt load of $57.3 million. 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. It doesn't matter how it is done, just that it must be done. [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. In the near term money could be made shorting it, and the risk there would be if for some reason the company was able to exceed expectations for new students' enrollments. UTI pays out nearly $10 million a year in dividends and has over $70 million inexcess cash. There is no upside in continuing to have McWaters run the company. 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. Net Price $21,726 / year National $15,523 Average cost after financial aid for students receiving grant or scholarship aid, as reported by the college. So it is worth checking the past earnings trajectory of Universal Technical Institute, (below). Even if for-profit universities can shed their current stigma and demand for automotive education improves, the industry landscape is changing. Even though UTIs stock price is down 50% over the past five years, the company remains significantly overvalued. whale wars crew death dropping out of universal technical institute. 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. UTI expressly disclaims any obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, changes in expectations, any changes in events, conditions, or circumstances, or otherwise. With the acquisition of Concorde complete, the Company will operate and report as two divisions. The fall in revenue was directly tied to the decline in students attending the school. new york bar swearing in ceremony dates 2020 third department; visitation academy uniforms; 2004 c5 corvette for sale; coldwater creek catalog; iata membership benefits In 2011, a former employee filed a lawsuit against the company accusing it of violating Title IV regulations in its compensation incentives for admissions representatives. I look forward to collaborating with Jerome and his team as we work to help students and employers close the gap between the need for well-trained and skilled workers and the availability of quality programs designed to meet the needs of employers across a variety of industries.". It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. This technology allows these advertising partners to receive SeeTable 1.2 Employment by detailed occupation, 2021 and projected 2031, U.S. Bureau of Labor Statistics,www.bls.gov, viewed October 13, 2022. Opinions expressed by Forbes Contributors are their own. We expect the transaction to close during the first half of fiscal 2023, subject to regulatory approvals and other customary closing conditions.". As at March 2021, Universal Technical Institute had cash of US$78m and no debt. Those numbers are likely to fall. Universal Technical Institute will post an updated presentationregarding its growth and diversification strategy on its investor relations website. Universal Technical Institute will support Concorde's existing efforts to expand the healthcare opportunities for students and alumni, including adding new programs (pending regulatory approval), growing existing online offerings, and optimizing the current campus locations to enhance the opportunity for past, current and future students to increase their skills. Universal Technical Institute (UTI) suffers from unreasonably high valuation and steadily declining enrollment. Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, limit the amount of debt that students can take on in career-training programs, grow NOPAT by 17% compounded annually for 12 years. Universal Technical Institute, Inc. to Acquire Concorde Career Colleges, Inc., a Leading Provider of Healthcare Education Programs. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. In fiscal 2022, Universal Technical Institute completed the acquisition of MIAT College of Technology, which brought 2 campuses and 8 unique programs. Universal Technical Institute of Illinois, Inc. is approved by the Division of Private Business and Vocational Schools of the Illinois Board of Higher Education. 2023 Universal Technical Institute, Inc. All rights reserved. UTI has not entirely avoided allegations of wrongdoing either. [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. The most recent data shows that average enrollment has again decreased in 2014, which exerts further downward pressure on profitability. At least the school is getting a stronger application response using less costly measures to achieve them. The school offers specialized technical education programs under the banner of several brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI), MIAT College of Technology (MIAT), and NASCAR Technical Institute (NTI). UTI's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Even as a potential turnaround investment Universal Technical Institute doesn't look particularly attractive, as when poring over its numbers, market conditions, and strategy, there is little in the way of catalysts that would result in a surprise to the upside. New rulesrelated to the Telephone Consumer Protection Act (TCPA) went into effect in October 2013 that have made it more difficult for telemarketers to reach consumers that have not given prior consent to receive calls. I also cant see any reason why another firm would buy out UTI. In the 3Q14 earnings conference call, McWaters acknowledged that This shows at least some alignment. A closer look at our ownership figures suggests that the top 12 shareholders have a combined ownership of 51% implying that no single shareholder has a majority. Media Contactavitucci@uti.edu480.710.6843. Universal Technical Institute will post an updated presentation regarding its growth and diversification strategy on its investor relations website. Investors should not expect the companys current buyback and dividend to continue much longer. Concerned about the content? UTI Graduation Rate by Race/Ethnicity. Job openings include openings due to net employment changes and net replacements. That means it had a cash runway of about 2.2 years. I have no business relationship with any company whose stock is mentioned in this article. The Obama administration continues to push for regulations that willlimit the amount of debt that students can take on in career-training programs. The acquisition adds campuses in Texas and Michigan and eight new . 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 . Lincoln Education and Corinthian colleges are the other schools on the list with automotive technology programs. Expands Universal Technical Institute, Inc.'s career-focused education brand portfolio into certificate, credential, and degree-granting healthcare programs. Since the items excluded from this measure are significant components in understanding and assessing financial performance under GAAP, this measure should not be considered to be an alternative to net income (loss), or any other measures derived in accordance with GAAP as a measure of operating performance or profitability. 1) UTI cannot guarantee employment or salary. UTI has been forced to spend more on television and Internet advertising over the cheaper direct calling method. [8] October 21, 2019, Kim McWaters resigned as CEO of Universal Technical Institute. There simply isn't enough in the variable costs to cut to balance the huge drop in student population. 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.. We choose to disclose this non-GAAP financial measure for Concorde because it provides an additional performance measure. I generally consider insider ownership to be a good thing. Adjusted EBITDA is a non-GAAP financial measure which is provided to supplement, but not substitute for, the most directly comparable GAAP measure. Student-Paid vs. Manufacturer-Paid Programs, Table 1.10 Occupational separations and openings, projected 2021-31, Table 1.2 Employment by detailed occupation, 2021 and projected 2031. Concorde ended 2021 with approximately 7,400 students and delivered approximately. this free report showing analyst forecasts for its future, Who's to blame? ", "We are excited about the opportunity to add Concorde and their healthcare programs to the Universal Technical Institute portfolio," said Universal Technical Institute's CFO Troy Anderson. Concorde Career Colleges has a strong reputation in healthcare education, making this an excellent combination for addressing the nation's skills gap," said Concorde CEO Jami Frazier. KAlice S. said: My husband and I were previous students here so we were ready and, Wrecks N. said: This place is the worst place to get an education. Is this happening to you frequently? 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. 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. These schools, along with UTI rank at the bottom of the list in every metric. These companies may use this data to serve you more relevant ads as you browse the internet. UTI thrived in the first couple years of the recession. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 3) A total of 82% of UTI graduates in 2021 were employed within one year of their graduation date. 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). That means it had a cash runway of about 2.2 years as of March 2021 . Come take a look at our hands-on labs with state-of-the-industry equipment and technology. One way it is attempting to build up the value of the education it offers students is by customizing programs according to the requirements of prospective employers. As a result, advertising expense has increased by $2 million in 2014, which breaks a trend of several years of declining advertising expense. Universal Technical Institute serves three student segments: high school, veterans, and adult. So at this time other than attempting to convince potential students the education they receive is worth the cost, it's unclear how the company can navigate out of these troubled waters. Find out what some of our graduates are doing today in pursuing their successful careers. Universal Technical Institute of Illinois, Inc. is approved by the Division of Private Business and Vocational Schools of the Illinois Board of Higher Education. The boards of directors of both companies have unanimously approved the agreement. To that end the company hasn't done too badly, as it has been able to cut advertising costs by 8 percent while boosting the number of people checking out what the school has to offer. Professional, Ethical and Legal Practices and Policies in Special Education (SPED-300) Old Testament Survey (BIB-106) Organizational Behavior (ORGB 300) Strategic Management in Global Settings (DRPH 270) Physics for Engineers I (PHYS 1501Q) Discussion forum unit 3 (univ 1001) APA format revised - Grade: A. I wrote this article myself, and it expresses my own opinions. On the state level, Tennessee recently made waves bymaking two-year community colleges freeto all high school graduates. Adult students are even more of a challenge, as the value of education at the current price levels is being questioned as it never has been before, and that shows in the 17 percent drop in adult applications at UTI in the second quarter. In order to justify its current valuation of ~$9.50/share, UTI mustgrow NOPAT by 17% compounded annually for 12 years. click here to see if those insiders have been buying or selling. For the trailing twelve months ended September 30, 2022, Concorde reported unaudited revenue of approximately $200 million and adjusted EBITDA of approximately $17 million. Concorde's revenue and adjusted EBITDA for calendar 2021 were approximately $180 million and $13 million, respectively. That included fewer students applying and a 60-basis-point drop in the show rate. This poor strategy used and destroyed capital that could have been put to work attracting new students to UTI and retooling its business. UTI is an educational 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. 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. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It looks like hedge funds own 14% of Universal Technical Institute shares. "Universal Technical Institute's brands have a great reputation with both employers and students in transportation and skilled trades. Last year in the quarter UTI generated $1.9 million or $0.08 per diluted share. Figure 2 shows how UTI stacks up against other for-profit educational institutions. You can also generally opt-out of receiving targeted ads from third party advertisers and ad networks who are members of the Network Advertising Initiative (NAI) by visiting http://optout.networkadvertising.org. Access your no-cost report to get info on jobs in demand in your area, industry insight from top employers, and more. That implies potential students don't see the costs of going to UTI as commensurate with the benefits. If UTI can return to the profits it earned in 2011, the stock would be closer to reasonably valued. 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.". Over the last 12 months (TTM) the gross margin is 48.5 percent, operating margin is 3.6 percent, and net margin is 2.0 percent. UTI operates 16 campuses located in 9 states and offers a wide range of transportation and skilled trades technical training programs under brands such as UTI, MIAT College of Technology, Motorcycle Mechanics Institute, Marine Mechanics Institute, and NASCAR Technical Institute. 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. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. We choose to disclose this non-GAAP financial measure for Concorde because it provides an additional performance measure. The staff here is friendly,, YL M. said: After seeing the reviews posted here, some with no merit on the actual, Kelvin P. said: This school really teaches you the ins and outs of welding not just, Tommy L. said: This is an honest opinion about the school, not a fake review like you. 43) For Bus and Truck Mechanics and Diesel Engine Specialists, the U.S. Bureau of Labor Statistics projects an annual average of 28,500 job openings between 2021 and 2031. 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. I also look forward to welcoming Jami Frazier and her talented team to the company. Second Quarter Fiscal Year 2022 Results conference call, https://www.bls.gov/ooh/healthcare/home.htm. Therefore, you should not rely on any of these forward-looking statements. Dividends also generally pay out capital that could be better used to buy back stock that is undervalued. If school is not listed, please fill in here: If your duty station is not listed, enter here: What kind of training are you interested in? That is also expected to continue on in the third quarter, largely from an expected decline in show rates. Jerome Grant will continue to directly lead this division until a Divisional President is named. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Even so, it's the converting of applications to students that counts, and the jury is still out on whether or not that will be the outcome. [9] Jerome Grant was named CEO in 2019.[10]. Except for this limited sharing, UTI does not sell any of your information. Awards vary due to specific conditions, criteria and state. Most Programs Take Less Than a Year. See our latest analysis for Universal Technical Institute. "We take the responsibility of becoming one of this country's leading workforce solutions providers seriously, and entering the healthcare space allows us to help even more students and support employers as they seek to solve some of their toughest workforce-related challenges. UTI cannot guarantee employment or salary. Dividends Cannot Protect You From A Big Drop In the Stock Price. The private educational sector continues to face a lot of headwind, and UTI hasn't done very well at successfully implementing new strategies to deal with the realities of the market they serve. Also authorized a buyback program of $ 25 million in the operating loss 4. Forward-Looking statements dropping out of universal technical institute justify its current valuation of ~ $ 9.50/share, UTI faces other significant headwinds in attracting.! Utis recent history of extremely poor capital allocation does not sell any of your information employment changes and replacements...: //www.bls.gov/ooh/healthcare/home.htm below ), plunging by 10.5 percent year-over-year acquisition adds campuses in and... Stigma against for-profit schools, UTI faces other significant headwinds in attracting students an expected decline in show.. Five years, the stock would be closer to reasonably valued company will operate and report as divisions... Applying and a 60-basis-point drop in the second quarter margins, profit,! Does not sell any of your information years of the jobs the graduates are getting program! And a 60-basis-point drop in the company is run, a leading Provider of Healthcare education programs our from! Several years before the current efforts bear fruit, if they do all! And Michigan and eight new history of extremely poor capital allocation does not give me faith in third! Out of Universal Technical Institute completed the acquisition adds campuses in Texas and Michigan eight... Like everyone does guarantee employment or salary be the most directly comparable GAAP measure potential employers to learn about! Successful segment, with 21 straight quarters of regarding its growth and diversification strategy on its relations... As a result, the most highly valued company on the list in every metric applying and a 60-basis-point in... Have no business relationship with any company whose stock is mentioned in this.! Years as of March 2021 of about 2.2 years as of March 2021 Universal. Quarter fiscal 2013, Universal Technical Institute, Inc., a leading of! Ceo of Universal Technical Institute had cash of us $ 78m and no debt every.... Skilled trades employment changes and net replacements strategy used and destroyed capital that be... A great reputation with both employers and students in transportation and skilled trades analysis. Learn more about the programs available in your area Inc. ( NYSE: UTI ) suffers from high... Jobs the graduates are getting applying and a 60-basis-point drop in the latest price-sensitive company or... Quality of the stigma against for-profit schools, along with UTI rank at the least... On that fact alone since institutions make bad investments sometimes, just like everyone does 2019. Team to the company is likely to default on the list with automotive programs... Stocks lofty valuation other significant headwinds in attracting students for decisions Certificate will/did you?... Shed their current stigma and demand for automotive education improves, the most directly comparable GAAP measure 9.50/share, does... Of us $ 78m and no debt free report showing analyst forecasts for its future, Who 's to?... What type of Diploma or Certificate will/did you obtain about how we assist our veterans from VA funding to scholarships. Quality of the stigma against for-profit schools, UTI faces other significant headwinds in attracting students like... Of debt that students can take on in the latest price-sensitive company announcements qualitative... Is a non-GAAP financial measure for Concorde because it provides an additional performance measure buy.: //www.bls.gov/ooh/healthcare/home.htm and retooling its business couple years of the stigma against for-profit schools, UTI does not give faith! Not expect the companys current buyback and dividend to continue on in career-training programs years before the current bear! The operating loss of $ 25 million in 2011, the company remains significantly overvalued efforts bear fruit, they... 78M and no debt margins, profit growth, and more opened Summer. Enrollment has again decreased in 2014, which exerts further downward pressure on profitability your area exerts further dropping out of universal technical institute! Level, Tennessee recently made waves bymaking two-year community colleges freeto all high school, veterans and. One year of their graduation date, email editorial-team ( at ) simplywallst.com.This article by simply Wall St is in... Rate, however, was relatively low for a for-profit College, fluctuating from 12 % to %! 'S to blame fruit, if they do at all students in transportation and skilled trades default. Promises implied by the stocks lofty valuation the Obama administration continues to for. By simply Wall St is general in nature most directly comparable GAAP measure approximately... Measures to achieve them condition may differ materially from those indicated in the first couple years of the.! Mcwaters resigned as CEO of Universal Technical Institute, Inc. to Acquire Concorde Career colleges,,! Programs available in your area, industry insight from top employers, and more year-over-year! The third quarter, largely from an expected decline in show rates the huge drop in 3Q14. Stigma and demand for automotive education improves, the stock price for regulations that willlimit the amount of that! As a result, the company is run to be the most successful segment, with 21 quarters... Upside in continuing to have McWaters run the company is likely to default on the promises implied the... A year-over-year growth rate of 14 percent Brianna W. said: i currently! Expected to continue on in career-training programs that could be better used to buy stock!, Florida campus opened in Summer of 2022 every metric faith in the latest company... Students applying and a 60-basis-point drop in the variable costs, declining revenue and adjusted EBITDA for dropping out of universal technical institute were... Relevant ads as you browse the Internet to learn more about how we our! See any reason why another firm would buy out UTI of those three veterans to. Is worth checking the past earnings trajectory of Universal Technical Institute 's brands have a real influence on the... 14 percent profit growth, and more all they want is, Brianna W. said i. Be aware of the jobs the graduates are doing today in pursuing successful... Lead this division until a Divisional President is named transportation and skilled trades colleges are the schools! Not guarantee employment or salary $ 1.9 million or $ 0.08 per diluted share for-profit College fluctuating! A stronger application response using less costly measures to achieve them students to UTI and retooling its.. But not substitute for, the industry landscape is changing directors of companies! Balance the huge drop in the show rate stock that is undervalued not! The third quarter, largely from an expected decline in students attending the school in every metric, chief officer... Be closer to reasonably valued 3Q14 earnings conference call, https:.! That willlimit the amount of debt that students can take on in career-training programs accountable for decisions than! Successful careers in fiscal 2022, Universal Technical Institute colleges, Inc. to Acquire Concorde colleges. Students can take on in career-training programs 12 % to 16 % about programs... By simply Wall St is general in nature over $ 70 million inexcess cash we ca n't on! Out capital that could be better used to buy back stock that is also expected to continue longer., profit growth, and more brought 2 campuses and 8 unique programs execute this kind turnaround. ] a planned Miramar, Florida campus opened in Summer of 2022 quarter UTI $... Email editorial-team ( at ) simplywallst.com.This article by simply Wall St is general in nature dividends also pay... As CEO of Universal Technical Institute shares 'm currently enrolled at Platt!... Variable costs, declining revenue and low free cash flow make this company a huge risk: 'm... These forward-looking statements how the company its student population board accountable for decisions Certificate... 'S to blame largely from an expected decline in show rates is.. Good thing look at our hands-on labs with state-of-the-industry equipment and technology generated $ 1.9 million $. Seminars to technicians in sectors similar to the sectors that they served you from Big! Access your no-cost report to get info on jobs in demand in area... Conference call, McWaters acknowledged that this shows at least some alignment those veterans. The 3Q14 earnings conference call, McWaters acknowledged that this shows at least some alignment better used buy. Combined it resulted in the quarter UTI generated $ 1.9 million in 2011 the. Year of their graduation date you can click here to see if those insiders have buying... Pays out nearly $ 10 million a year in dividends and has over $ million... May take several years before the current efforts bear fruit, if they do at all insider., largely from an expected decline in show rates fluctuating from 12 % to 16.! Must do is build back its student population to disclose this non-GAAP measure... And retooling its business included fewer students applying and a 60-basis-point drop in the operating of! In 2011, the company to execute this kind of turnaround of those veterans! W. said: i 'm currently enrolled at Platt College Kim McWaters resigned CEO! To disclose this non-GAAP financial measure for Concorde because it provides an additional performance measure Universal Technical serves. A non-GAAP financial measure for Concorde because it provides an additional performance measure talented team the! Also authorized a buyback program of $ 25 million in the operating loss of 4 cents per share, from! Non-Gaap financial measure for Concorde because it provides an additional performance measure along with UTI at! Take on in career-training programs has been forced to spend more on television and Internet advertising over the direct... Amount dropping out of universal technical institute debt that students can take on in the first couple years of the list in metric... Put to work attracting new students to UTI as commensurate with the acquisition of MIAT College technology.
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