Universal Technical Institute, Inc. (UTI)

Universal Technical Institute reported third-quarter revenue of $218.9 million for the quarter ended June 30, 2026, up 7.2 percent 1. Net income was $2.3 million, down from $10.7 million a year earlier, which the company ties to strategic growth expenses such as new campuses and program launches 1.

New student starts, the students who begin a program in the period, rose 10.9 percent to 6,342 1. The company lowered its fiscal 2026 revenue guidance to a range of $893 million to $900 million from $905 million to $915 million, citing a more measured fourth-quarter expectation 1.

The open question is fourth-quarter enrollment from high schools in the automotive and diesel programs, which the company says is tracking below plan 1.

Universal Technical Institute was founded in 1965 and trains students for transportation, skilled trades, energy and healthcare careers 3. A campus in Avondale, Arizona dates from that year 3.

In November 2021 it bought MIAT College of Technology, which brought a campus in Canton, Michigan and added aviation, energy, wind and heating and cooling programs 3.

In December 2022 it bought Concorde Career Colleges, which moved the company into healthcare education 3. Concorde teaches allied health, dental, nursing, patient care and diagnostic fields 3.

In fiscal 2025, which ended September 30, 2025, revenue rose 14.0 percent to $835.6 million from $732.7 million 3. Average full-time active students rose 10.5 percent to 24,618, which the company puts down to higher student demand in both segments 3.

The company launched 19 new programs in fiscal 2025, nine of them full-length, and raised tuition by about 1.9 percent at UTI and 2.5 percent at Concorde 3.

Universal Technical Institute division

UTI is the transportation and skilled trades arm, with programs in automotive, diesel, aviation maintenance, welding, heating and cooling, and robotics 3. As of June 30, 2026 it ran 16 campuses in nine states, and a campus in Atlanta opened in July 2026, bringing the total to 17 locations in 10 states 2. Its fiscal 2025 revenue was $541.8 million 3.

For the nine months ended June 30, 2026, UTI revenue was $423.6 million, up 6.6 percent, helped by a 5.0 percent rise in average full-time active students 2.

Concorde Career Colleges

Concorde teaches allied health, dental, nursing, patient care and diagnostic programs, with hands-on clinical placements 3. Its fiscal 2025 revenue was $293.8 million 3.

For the nine months ended June 30, 2026, Concorde revenue was $237.6 million, up 10.0 percent, with average full-time active students up 9.4 percent 2.

Campuses, people and changes

The company had 34 operating campuses as of June 30, 2026, and leases 32 of them 2. All its campuses are eligible for federal student financial aid under Title IV programs 3.

Jerome Grant is chief executive and Bruce Schuman is chief financial officer 1. In May 2026 management approved the first phase of a multi-phase restructuring plan across all segments 1. That phase cut jobs, with charges of $1.1 million 2.

The umbrella, in words

The parent company owns two reportable segments, Universal Technical Institute and Concorde Career Colleges, and it acquired Concorde on December 1, 2022 3. Its list of subsidiaries names UTI Holdings, Inc. and state entities such as Universal Technical Institute of California, Inc. 4.

The company lists as a risk that its principal stockholder owns a significant percentage of its capital stock and can influence certain corporate matters 1.

The company expects fiscal 2026 revenue of $893 million to $900 million, net income of $32 million to $36 million and new student starts of 31,900 to 32,300 1.

Pending regulatory approval, the company expects to launch at least six programs a year at existing campuses and open at least two new campuses each year between fiscal years 2026 and 2029 3.

It announced four new campuses: a UTI campus in Salt Lake City, Utah and Concorde campuses in Houston, Texas, Glendale, Arizona and Atlanta, Georgia, all expected to open in 2027 pending regulatory approvals 2.

No clue on file points to a new direction yet.