Special conditions may apply. Except as required by law, the company expressly disclaims any obligation to publicly update any forward-looking statements whether as a result of new information, future events, changes in expectations, any changes in events, conditions or circumstances, or otherwise. They offer automotive, collision repair, diesel, marine and other technical programs. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Collision Repair and Refinish Technology program (CRRT), https://www.linkedin.com/school/universal-technical-institute/. Therefore, investors should monitor the company's website and its social media accounts in addition to following the company's press releases, SEC filings, public conference calls, and webcasts. The combination of these actions will reduce annual occupancy costs and improve EBITDA by approximately $3 million beginning in January of 2022. Building on its existing program locations at Rancho Cucamonga, Calif., Avondale, Ariz., and Dallas, Texas, the company opened Welding Technology in Houston, Texas on May 18, 2020 and in Long Beach, Calif. on August 10, 2020. We expect welding to continue to be a high enrollment and employment growth area for UTI.". "UTI-Avondale will be the second UTI campus to offer the Welding Technology program, and more will follow," said Michael Romano, UTI-Avondale campus president. The Company is headquartered in Phoenix, Arizona. Also, as scheduled, the company will launch welding at UTI-Lisle in the second quarter of fiscal 2021. All statements contained herein, other than statements of historical fact, are "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. The school has heavily invested in their facilities and programs to ensure students receive up-to-date training and gain experience in a … With more than 200,000 graduates in its 53-year history, Universal Technical Institute, Inc. (NYSE: UTI) is the nation's leading provider of technical training for automotive, diesel, collision repair, motorcycle and marine technicians, and offers welding technology and computer numerical control (CNC) machining programs. 20) VA benefits may not be available at all campus locations. We have a team of specialists who work with national dealerships, distributors and other employers of all sizes to identify potential jobs for graduates. All current CRRT students will be able to complete their program, and the company will continue to offer its successful CRRT program in Houston and Long Beach. UTI’s welding technology program begins every six weeks and is offered at these campus locations: Avondale, AZ, Long Beach, CA, Rancho Cucamonga, CA, Dallas/Fort Worth, TX and Houston, TX. With more than 220,000 graduates in its 55-year history, Universal Technical Institute, Inc. (UTI, or the Company) is the nation's leading provider of technical training for automotive, diesel, collision repair, motorcycle and marine technicians, and offers welding technology and computer numerical control (CNC) machining programs. You can apply at any time, since programs start every 3 to 6 weeks depending on the campus. Campus footprint optimizationAs part of its larger footprint optimization strategy, UTI will eliminate underutilized square footage by downsizing its Sacramento, Calif. campus over 50 percent, or 128,000 square feet, and decreasing the cost per square foot. Grant, Chief Executive Officer. Such forward-looking statements include the following: the company's belief that it is taking steps to address cost and working capital management; the company's ability to complete curriculum with in-person labs; and the company's focus on offering online curriculum to provide its students training for job skills that are in high demand. The company also announced its welding program is scheduled to launch at UTI-Lisle outside Chicago in early 2021. SOURCE Universal Technical Institute, Inc. Download our catalogs and learn about programs, courses, tuition, fees, admissions and much more. Investor Relations Contact: Robert Winters or Brooks HamiltonAlpha IR Group(312) 445-2870[email protected], Media Contact:Jody KentVP, Communications and Public AffairsUniversal Technical Institute(623) 445-0872[email protected]. Use the search application to find mechanic training near you. The company also expects robust student demand for the UTI-Lisle welding program and employer demand for its graduates in the metropolitan and suburban Chicago area, which is the nation's fifth highest metropolitan area for welding employment. In addition, it has negotiated favorable terms and is in the process of finalizing a new lease, which goes into effect on January 1, 2022. Universal Technical Institute is a trade school with campus locations in across the US. The U.S. Bureau of Labor Statistics projects that there will be more than 488,000 job openings for welders by the year 2028. The forward-looking statements speak only as of the date of this press release. 5) UTI programs prepare graduates for careers in industries using the provided training, primarily as automotive, diesel, collision repair, motorcycle and marine technicians. These three campuses join UTI campuses in Rancho Cucamonga, Calif., Avondale, Ariz., and Dallas, Texas in offering the program, which was developed in partnership with global welding industry leader, Lincoln Electric (Nasdaq: LECO). Universal Technical Institute welcomes General Education Diploma students. © 2018 Universal Technical Institute, Inc. All rights reserved. See some of the exciting things our graduates are doing today. "As more Americans turn to technical careers, and as we continue to see increasing interest in UTI's education, we remain focused on delivering growth through innovative initiatives to attract and serve more students, meet the nation's urgent need for skilled workers, and optimize our cost structure," said Jerome A. Student and employer interest in the program is high in anticipation of classes scheduled to begin in January 2018, says the organization. The company is headquartered in Phoenix, Arizona. Building on its existing program locations at Rancho Cucamonga, Calif., Avondale, Ariz., and Dallas, Texas, the company opened Welding Technology in Houston, Texas on May 18, 2020 and in Long Beach, Calif. on August 10, 2020. "At a time when the country has such a strong and growing need for skilled professionals, the program can … Welding programs takes 36 weeks to complete and are developed with Lincoln Electric including GMAW, SMAW, FCAW & GTAW techniques. "Welding technicians have never been more vital to our nation's economy, and the COVID-19 pandemic has shined a bright light on the essential work these men and women do to support critical infrastructure projects. Train for your ASE certification exams, welding, and NASCAR mechanic certification at UTI. RANCHO CUCAMONGA, Calif., July 20, 2017 / PRNewswire / -- Universal Technical Institute (NYSE: UTI) launched a new Welding Technology program at its Rancho Cucamonga campus. UTI cannot guarantee employment or salary. "We are actively pursuing our growth strategy, including launching new programs and rationalizing our campus footprint, as we continue to evolve our blended learning model and support our students and employees in response to the COVID-19 pandemic.". AVONDALE, Ariz., Aug. 16, 2017 /PRNewswire/ -- Universal Technical Institute (NYSE: UTI) announces the expansion of its new Welding Technology program to the UTI-Avondale campus in the Phoenix area. 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 program is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC) and gives students the skills to work in the transportation, construction, structural, pipe and fabrication industries. The addition of welding at UTI-Dallas-Ft. Worth follows successful UTI welding program launches in Rancho Cucamonga ( Los Angeles, CA) and Avondale ( Phoenix, AZ) in 2017 and 2018. "Houston and Long Beach, rank first and third, respectively, among metro areas with the highest employment levels for welding," said Sherrell Smith, Executive Vice President of Campus Operations. Through its network of 12 campuses nationwide, UTI offers post-secondary programs under the banner of several well-known brands, including Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR Tech). These three campuses join UTI campuses in Rancho Cucamonga, Calif., Avondale, Ariz ., and Dallas, Texas in offering the program, which was developed in partnership with global welding industry leader, Lincoln Electric (Nasdaq: LECO). " "The new Welding Technology program aligns with and complements our core auto/diesel, motorcycle, marine and collision repair programs and utilizes space at our Rancho Cucamonga campus," said Duane Kramer, vice-president of new campus operations and education programs at UTI. Whether it’s automotive, diesel, motorcycle, motorsports, 24 marine, welding, collision repair or CNC machining, our programs teach the foundational skills employers look for when hiring the next generation. On average, once fully ramped, each new welding launch increases UTI's current overall new student starts by approximately 1.5 percent. Like UTI on www.facebook.com/UTI or follow UTI on Twitter @UTITweet, @MMITweet, and @NASCARTechUTI. The program is also scheduled to begin winter 2021 in Lisle, IL. "This is an expansion strategy that supports student enrollment growth, improves the utilization of our facilities and enables us to better meet the needs of employers. 1) UTI cannot guarantee employment or salary. From Automotive and Diesel, Motorcycle and Marine, all the way to Welding and CNC Machining, our 12 campuses across the country deliver the hands-on experience needed to succeed as a technician in the field. The Knight School of Welding is an 8-week program that costs approximately $3,600 for certification. Enrollment in the welding program at UTI's campuses continues to be strong. Job openings include openings due to growth and net replacements. PHOENIX, Sept. 9, 2020 /PRNewswire/ -- Universal Technical Institute (NYSE: UTI), the nation's leading provider of transportation technician training, announced the expansion of its Welding Technology program to a seventh campus and significant cost savings from lease restructuring and rightsizing at its Sacramento campus. RANCHO CUCAMONGA, Calif., July 20, 2017 /PRNewswire/ -- Universal Technical Institute (NYSE: UTI) launched a new Welding Technology program at its Rancho Cucamonga campus. 2) For important information about the educational debt, earnings and completion rates of students who attended this program, and to review the applicable Gainful Employment disclosure, visit our website at www.uti.edu/disclosures. Welders are increasingly sought after in essential industries such as transportation, energy, and manufacturing, and are particularly in demand for major infrastructure projects. The company will make a one-time capital investment of approximately $2 million to consolidate its operations into one of the two buildings it currently occupies, effective December 31, 2021. In addition, the company plans to offer Welding Technology at a minimum … Such information may be deemed material information, and UTI may use these channels to comply with its disclosure obligations under Regulation FD. About Universal Technical Institute, Inc. With more than 220,000 graduates in its 55-year history, Universal Technical Institute, Inc. (UTI, or the Company) is the nation's leading provider of technical training for automotive, diesel, collision repair, motorcycle and marine technicians, and offers welding technology and computer numerical control (CNC) machining programs. Welding Technology Training program expansionUTI plans to expand its successful Welding Technology Training program to a seventh campus during the fourth quarter of fiscal 2021. Factors that could affect the company's actual results include, among other things, the COVID-19 pandemic and its impact on our business and the US and global economies, changes to federal and state educational funding, changes to regulations or agency interpretation of such regulations affecting the for-profit education industry, possible failure or inability to obtain regulatory consents and certifications for new or expanding campuses, potential increased competition, changes in demand for the programs offered by UTI, increased investment in management and capital resources, the effectiveness of the recruiting, advertising and promotional efforts, changes to interest rates and unemployment, general economic conditions of the company, the adoption of new accounting standards including the new lease accounting guidance, and other risks that are described from time to time in the company's public filings. 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