Universal Technical Institute(UTI)
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Concorde Career Colleges Announces Planned Relocation of Aurora Campus to Denver, Part of Ongoing Initiative to Optimize Operations and Expand Programs
Prnewswire· 2025-07-28 13:15
Core Insights - Concorde Career Colleges is relocating its Aurora campus to Denver as part of Universal Technical Institute's North Star strategy to address the skilled workforce gap in America [1][2] - The new Denver campus will occupy 60,000 square feet and is expected to enhance the learning experience with expanded programming and facilities [1][3] Company Overview - Concorde Career Colleges operates 17 campuses across eight states and focuses on preparing healthcare and dental professionals through a blended education model [5] - The institution is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC) and the Council on Occupational Education (COE) [5] Industry Context - There is a significant demand for skilled healthcare professionals in Colorado, with projected job growth rates of 13% for dental hygienists and practical nurses, and 17% for radiologic technologists from 2022 to 2032 [3][4] - The relocation to a larger facility is aimed at meeting local employer needs and enhancing student outcomes in high-demand healthcare fields [2][3]
Patterson-UTI Energy Q2 Earnings Miss, Sales Beat Estimates, Fall Y/Y
ZACKS· 2025-07-25 13:06
Core Insights - Patterson-UTI Energy, Inc. (PTEN) reported a second-quarter 2025 adjusted net loss of $0.06 per share, which was wider than the Zacks Consensus Estimate of a $0.04 loss, and a decline from a profit of $0.05 in the same quarter last year [1][9] - Total revenues reached $1.2 billion, exceeding the Zacks Consensus Estimate by 0.3%, but decreased by 9.6% year over year due to weaker contributions from various segments [2][9] Financial Performance - **Drilling Services**: Revenues totaled $403.8 million, down 8.3% from $440.3 million in the prior year, but exceeded the estimate of $365.1 million. Operating income was $40.6 million, down from $76.1 million year over year, yet above the estimate of $24.1 million [4] - **Completion Services**: Revenues were $719.3 million, a drop of 10.7% from $805.4 million year over year, and missed the estimate of $762.4 million. The operating loss was $29.2 million compared to a profit of $10.7 million in the previous year, but was narrower than the estimated loss of $43.4 million [5] - **Drilling Products**: Revenues increased by 2.7% to $88.4 million from $86.1 million year over year, beating the estimate of $85.8 million. Operating profit was $6.8 million, down 21.1% from the previous year, and missed the estimate of $20.6 million [6] - **Other Services**: Revenues fell 52.7% to $7.8 million from $16.5 million year over year, but exceeded the estimate of $5.6 million. The operating loss was $2 million compared to a profit of $0.4 million in the prior year, missing the estimated operating income of $0.1 million [7] Capital Expenditure & Financial Position - PTEN spent $144.2 million on capital programs in the reported quarter, up from $130.5 million in the prior year [8] - As of June 30, 2025, the company had cash and cash equivalents of $185.9 million and long-term debt of $1.2 billion, with a debt-to-capitalization ratio of 26.7% [8] Shareholder Returns - The board declared a quarterly dividend of $0.08 per share, unchanged from the previous quarter, to be paid on September 15, 2025 [3][9] - The company returned $56 million to shareholders in Q2 2025, including $20 million in share repurchases [10] Q3 Outlook - PTEN anticipates an average rig count of approximately 90 for its Drilling Services segment in Q3 2025, with expected adjusted gross profit of around $130 million [11] - The company expects adjusted gross profit for Completion Services to remain steady, while Drilling Products is anticipated to improve slightly [12] - Total depreciation, depletion, amortization, and impairment expense is expected to be approximately $230 million for Q3 [13] - Net capital expenditures for full-year 2025 are anticipated to be less than $600 million, with a reduction in maintenance capital expenditures due to lower activity [14]
Universal Technical Institute, Inc. Named a 2025 Top Workplace in Arizona
Prnewswire· 2025-07-23 13:15
Core Insights - Universal Technical Institute, Inc. has been recognized as a Top 20 Workplace in Arizona for the second time, reflecting strong employee engagement and a supportive culture [1][3] - The award is based on employee feedback collected through a confidential survey that measures workplace culture aspects such as respect, support, and empowerment [2] Company Overview - Universal Technical Institute, Inc. was founded in 1965 and is a leading workforce solutions provider, offering education and support services for in-demand careers through its UTI and Concorde Career Colleges divisions [4] - The UTI division operates 15 campuses across nine states, focusing on transportation, skilled trades, electrical, and energy training programs, while Concorde operates 17 campuses in eight states and online, offering programs in allied health, dental, nursing, patient care, and diagnostic fields [4]
Universal Technical Institute, Inc. Named a 2025 Top Workplace in Arizona
Prnewswire· 2025-07-23 13:15
Core Insights - Universal Technical Institute, Inc. has been recognized as a Top 20 Workplace in Arizona for the second time, reflecting strong employee engagement and a supportive culture [1][3] - The award is based on employee feedback collected through a confidential survey that measures workplace culture aspects such as respect, support, and empowerment [2] Company Overview - Universal Technical Institute, Inc. was founded in 1965 and is a leading workforce solutions provider, offering education and support services for in-demand careers through its UTI and Concorde Career Colleges divisions [4] - The UTI division operates 15 campuses across nine states, focusing on transportation, skilled trades, electrical, and energy training programs, while Concorde operates 17 campuses in eight states and online, offering programs in allied health, dental, nursing, patient care, and diagnostics [4]
Universal Technical Institute Launches Electrical Training Programs
Prnewswire· 2025-07-22 13:12
Core Insights - Universal Technical Institute (UTI) is expanding its educational offerings by introducing four new electrical programs as part of its North Star strategy, which aims to add eight programs at existing campuses in fiscal 2025 [1][3] - The new programs include Electrical, Electronics & Industrial Technology (EEIT), Electrical & Industrial Maintenance Technology (EIMT), Electrical, Robotics, and Automation Technology (ERAT), and Electrical & Wind Turbine Technology (EWTT), pending regulatory approvals [1][2] - UTI-Exton and UTI-Mooresville are the first campuses to implement these programs, with a shared curriculum of eight core electrical courses to enhance instructional efficiency [2] Industry Context - The expansion into the electrical industry is driven by the increasing demand for skilled professionals in high-growth sectors such as renewable energy, industrial automation, and security systems [3] - The new programs are designed to align with the career interests of students and the needs of employers, building on the foundation established by previous program launches [3] Company Overview - Universal Technical Institute, Inc. was founded in 1965 and operates as a leading workforce solutions provider in transportation, skilled trades, electrical, energy, and healthcare education [5] - The company consists of two divisions: UTI and Concorde Career Colleges, with UTI operating 15 campuses across 9 states [5]
Patterson-UTI Energy to Post Q2 Earnings: Here's What to Expect
ZACKS· 2025-07-18 13:06
Core Viewpoint - Patterson-UTI Energy, Inc. (PTEN) is expected to report a second-quarter loss of 4 cents per share with revenues of $1.21 billion, reflecting a year-over-year decline in both earnings and revenues [1][10]. Group 1: Financial Performance - In the first quarter of 2025, PTEN achieved breakeven adjusted earnings per share, outperforming the Zacks Consensus Estimate of a loss of 4 cents per share, driven by an 11.2% year-over-year reduction in costs and expenses [3]. - Total revenues for Q1 2025 were $1.3 billion, exceeding the Zacks Consensus Estimate by 7.7% [3]. - The Zacks Consensus Estimate for second-quarter 2025 earnings indicates a 180% year-over-year decline, while revenues are expected to decrease by 10.09% from the previous year [4][10]. Group 2: Cost Management - PTEN's operating costs and expenses are projected to reach $1.26 billion in the second quarter, a 3.4% decrease from the same period last year, reflecting the company's focus on streamlining operations [6]. - Direct operating costs are expected to decline from $971.2 million to $961.2 million, and depreciation, depletion, amortization, and impairment costs are anticipated to decrease from $267.6 million to $230 million [7]. Group 3: Revenue Challenges - The Zacks Consensus Estimate for second-quarter revenues is $1.21 billion, down from $1.35 billion in the year-ago quarter, attributed to poor performance in Completion Services, Drilling Services, and Drilling Products segments [8][10]. - Despite expected revenue declines across several segments, PTEN's cost management efforts are likely to mitigate the financial impact [9].
Universal Technical Institute, Inc. to Hold Fiscal Third Quarter 2025 Conference Call on Wednesday, August 6, 2025, at 4:30 p.m. ET
Prnewswire· 2025-07-16 20:15
Core Points - Universal Technical Institute, Inc. (UTI) will hold a conference call on August 6, 2025, at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal third quarter ended June 30, 2025 [1][2] - The conference call will be hosted by CEO Jerome Grant and CFO Bruce Schuman, followed by a question-and-answer session [2] - A telephonic replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through August 20, 2025 [3] Company Overview - Universal Technical Institute, Inc. was founded in 1965 and is a leading workforce solutions provider serving students, partners, and communities nationwide [3] - The company offers high-quality education and support services for in-demand careers through its two divisions: UTI and Concorde Career Colleges [3] - The UTI division operates 15 campuses in nine states, providing a variety of training programs in transportation, skilled trades, electrical, and energy [3] - Concorde operates 17 campuses in eight states and online, offering programs in allied health, dental, nursing, patient care, and diagnostic fields [3]
VSTA or UTI: Which Is the Better Value Stock Right Now?
ZACKS· 2025-07-16 16:41
Core Viewpoint - Vasta Platform Limited (VSTA) is currently viewed as a more attractive option for value investors compared to Universal Technical Institute (UTI) based on various valuation metrics and earnings outlook [1][3][7] Valuation Metrics - VSTA has a forward P/E ratio of 13.74, significantly lower than UTI's forward P/E of 30.19, indicating that VSTA may be undervalued [5] - The PEG ratio for VSTA is 0.28, while UTI's PEG ratio is 2.01, suggesting that VSTA offers better value relative to its expected earnings growth [5] - VSTA's P/B ratio stands at 0.39, compared to UTI's P/B of 5.91, further highlighting VSTA's relative undervaluation [6] Earnings Outlook - VSTA is experiencing an improving earnings outlook, which is a positive indicator in the Zacks Rank model, suggesting that its earnings estimates are likely to rise [3][7] - UTI, on the other hand, holds a Zacks Rank of 3 (Hold), indicating a less favorable earnings outlook compared to VSTA's 2 (Buy) rank [3]
STRA vs. UTI: Which Stock Is the Better Value Option?
ZACKS· 2025-06-30 16:41
Core Viewpoint - The article compares Strategic Education (STRA) and Universal Technical Institute (UTI) to determine which stock is more attractive to value investors [1] Group 1: Zacks Rank and Analyst Outlook - STRA has a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while UTI has a Zacks Rank of 3 (Hold) [3] - STRA's improving analyst outlook suggests a more favorable investment opportunity compared to UTI [3] Group 2: Valuation Metrics - STRA has a forward P/E ratio of 15.09, significantly lower than UTI's forward P/E of 32.64 [5] - STRA's PEG ratio is 1.01, while UTI's PEG ratio is 2.18, indicating STRA is more reasonably priced relative to its expected earnings growth [5] - STRA's P/B ratio is 1.26, compared to UTI's P/B of 6.39, further highlighting STRA's valuation advantage [6] Group 3: Value Grades - STRA has a Value grade of A, while UTI has a Value grade of C, reflecting STRA's superior valuation metrics and earnings outlook [6]
Loftin Commits to Workforce Development with UTI Partnership
Prnewswire· 2025-06-30 13:15
Core Insights - Universal Technical Institute (UTI) has partnered with Loftin Equipment Company to enhance hands-on training opportunities for students in Texas and Arizona [1][5] - The partnership allows students to gain practical experience in the power generation field while pursuing their education, with potential for full-time employment upon graduation [3][5] Group 1: Partnership Details - Loftin Equipment Company has joined UTI's Early Employment Program (EEP), which currently includes over 140 employers [2] - Students in UTI's Diesel Technology programs at campuses in Houston, Dallas, Austin, Texas, and Avondale, Arizona, are eligible to apply for positions with Loftin [3] - The program offers 20 to 30 hours of paid work experience, consideration for full-time employment, and reimbursement for education-related expenses after graduation [2] Group 2: Benefits for Students - Selected students will receive up to $25,000 in tuition reimbursement, a $3,000 tool assistance program, and compensation that is 20% above industry standards [5] - Students will perform maintenance, diagnostics, and commissioning of generator systems while continuing their education [5] - Comprehensive health and wellness benefits, a retirement plan, and ongoing career training opportunities are also provided [5] Group 3: Company Background - Loftin Equipment Company, founded in 1976 and headquartered in Phoenix, Arizona, specializes in power generation solutions and is focused on building a skilled technician workforce [1][4] - UTI, founded in 1965, is a leading workforce solutions provider with 15 campuses across nine states, offering education in transportation, skilled trades, electrical, and energy training programs [7]