Universal Technical Institute Inc. (UTI)
VCA Stocks: Misc Sectors -> Education -> Technical Training
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12.50
$308,125,000
$248,965,000
$378,860,000
0.81
N/A

Universal Technical Institute, Inc. (UTI) is the provider of postsecondary education for students seeking careers as professional automotive, diesels, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates.

The Company offers undergraduate degree and diploma programs at 11 campuses across the United States under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (UTI/NASCAR Tech). The Company also offers manufacturer specific advanced training programs, including student paid electives, at its campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers.

Universal Technical Institute (UTI)

UTI offers automotive, diesel and industrial, and collision repair and refinishing programs that are accredited by the National Automotive Technicians Education Foundation (NATEF), a division of the Institute for Automotive Service Excellence (ASE). In order to apply for NATEF accreditation, a school must meet the NATEF curriculum requirements and also must have graduated its first class.

The Company offers programs under the UTI brand. The Automotive Technology program is designed to teach students how to diagnose, service and repair automobiles. The program ranges from 51 to 75 weeks in duration. The Diesel & Industrial Technology program is designed to teach students how to diagnose, service and repair diesel systems and industrial equipment. The program is 45 to 60 weeks in duration. The Automotive/Diesel Technology program is designed to teach students how to diagnose, service and repair automobiles and diesel systems. The program ranges from 75 to 90 weeks in duration. the Automotive/Diesel & Industrial Technology program is designed to teach students how to diagnose, service and repair automobiles, diesel systems and industrial equipment. The program ranges from 75 to 99 weeks in duration. Collision Repair and Refinishing Technology (CRRT) program is designed to teach students how to repair non-structural and structural automobile damage as well as how to prepare cost estimates on all phases of repair and refinishing. The program is 51 weeks in duration.

Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI)

The MMI motorcycle program is designed to teach students how to diagnose, service and repair motorcycles and all-terrain vehicles. The program ranges from 48 to 102 weeks in duration. MMI is supported by six motorcycle manufacturers. MMI marine program is designed to teach students how to diagnose, service and repair boats. The program is 51 weeks in duration.

NASCAR Technical Institute (UTI/NASCAR Tech)

UTI/NASCAR Tech offers the same type of automotive training as other UTI locations, along with additional NASCAR-specific elective courses. In the NASCAR-specific elective courses, students have the opportunity to learn first-hand with NASCAR engines and equipment and to acquire specific skills required for entry-level positions in automotive and racing-related career opportunities. The programs range from 48 to 78 weeks in duration.

Manufacturer Specific Advanced Training (MSAT) Programs

The Company offers advanced training programs in the form of student-paid MSAT courses which may be added to a student's core Automotive, Diesel or Motorcycle undergraduate program, and in the form of manufacturer-paid post-graduate MSAT programs.

Student-Paid MSATs

The Company provides the Honda PACT Program at its Lisle, Illinois campus. The Company provides BMW's FastTrack Program at the BMW training center in Ontario, California, and at its Avondale, Arizona and Orlando, Florida campuses. The Company provides the Cummins Qualified Technician Program at its Avondale, Arizona; Exton, Pennsylvania and Houston, Texas campuses. The Company provides the Cummins Qualified Technician Program at its Avondale, Arizona; Exton, Pennsylvania and Houston, Texas campuses. The Company provides the Daimler Trucks Finish First Program at its Avondale, Arizona campus. The Company provides the Ford Accelerated Credential Training Program at all UTI campuses except its Dallas/Ft. Worth, Texas campus.

The Company provides the Mercedes-Benz ELITE START Program at its Houston, Texas; Norwood, Massachusetts and Rancho Cucamonga, California campuses. The Company provides the International Technician Education Program at its Lisle, Illinois campus. The Company provides the Nissan Automotive Technician Training Program at its Houston, Texas; Mooresville, North Carolina; Sacramento, California; Orlando, Florida and Norwood, Massachusetts campuses. The Company provides the Toyota Professional Automotive Technician Program at its Lisle, Illinois; Exton, Pennsylvania and Sacramento, California campuses.

Manufacturer-Paid MSATs

The Company's manufacturer-paid MSATs are intended to offer instruction on specific manufacturers' products, qualifying a graduate for employment with a dealer seeking specialized, entry-level technicians with brand-specific skills. Students who are ranked graduates of an automotive or diesel program may apply to be selected for these programs. The programs range from 11 to 24 weeks in duration. The Company provides BMW 's Service Technician Education Program (STEP) and Mini Service Technical Education Program (MINI steps). Both programs are provided at the Company's Orlando, Florida campus and at the BMW training centers in Ontario, California, and Woodcliff Lake, New Jersey. The Company provides the International Truck Education Program at its Lisle, Illinois, Exton, Pennsylvania, and Sacramento, California campuses.

The Company provides the Peterbilt Technician Institute program at its Dallas/Ft. Worth, Texas campus. The Company provides the Porsche Technician Apprenticeship Program at the Porsche training centers in Atlanta, Georgia and Easton, Pennsylvania. The Company provides Volvo's Service Automotive Factory Education program training at its Avondale, Arizona campus.

Dealer/Industry Training

Technicians in all of the industries the Company serves are in regular need of training or certification on new technologies. Manufacturers outsource a portion of this training to education providers such as UTI. The Company provides dealer technician training to manufacturers such as: American Honda Motor Co., Inc.; BMW of North America, LLC; Ford Motor Co.; Harley-Davidson Motor Co. and Mercury Marine, a division of Brunswick Corporation.

The Company competes with Lincoln Educational Services Corporation and Corinthian Colleges, Inc.

More Information for Universal Technical Institute, Inc. (UTI):

Company Website - http://www.uticorp.com
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