Students in the campus' automotive, diesel, robotics, industrial maintenance, and welding technician programs are eligible. PHOENIX, Aug. 23, 2024 /PRNewswire/ -- Universal Technical Institute-Lisle today announced that Associated has joined their early employment program. The campus is located outside of Chicago. As part of the early employment program, participating employers may offer 20 to 30 hours of paid work experience, consideration for full-time employment and reimbursement for education-related ex ...

jimfeng/iStock via Getty Images Well over a year ago, in March 2023, I wrote a bullish article regarding Universal Logistics Holdings, Inc. (NASDAQ:ULH). For those not familiar with the company, it operates in the transportation and logistics solutions space, with a physical reach across the US, Mexico, Canada, and even Colombia. The firm provides customers with a wide array of services including truckload services, brokerage services, intermodal services, dedicated services, and even value-added services. ...

Luis Alvarez Introduction Universal Health Realty Income Trust (NYSE:UHT) owns healthcare related facilities like medical offices and hospitals. Over the years, the company has had an exceptional record of paying a growing dividend to shareholders. With the company having just reported its second quarter results for the year, while rental revenues and FFO grew, I have concerns about dividend growth going forward given a higher payout ratio and interest rate swaps set to expire later this year. In this artic ...

PHOENIX, Aug. 13, 2024 /PRNewswire/ -- The management team of Universal Technical Institute, Inc. (NYSE: UTI) (the "Company"), a leading workforce solutions education provider, will participate in multiple investor marketing events over the next several weeks to showcase its continued strong momentum and the recently announced next phase of the Company's North Star Strategy. The following are the Company's upcoming investor marketing events: Rosenblatt 4th Annual Technology Summit When: Monday, August 19th ...

Key Takeaways Meta and UMG expanded their global music licensing deal, now including WhatsApp for the first time. The companies said they plan to fight unauthorized AI-generated content so artists are fairly compensated. Since the Meta-UMG partnership was formed in 2017, it has amplified artists and their music on platforms including virtual reality. Meta Platforms (META) and Universal Music Group (UMGNF) announced a multi-year deal designed to create business opportunities for artists and songwriters on Fa ...

Pop stars including Taylor Swift, Adele, Billie Eilish and Elton John will soon have their music played and shared across WhatsApp. Universal Music Group, the world's largest multinational music group which represents the globe's biggest recording artists, reached a multiyear licensing agreement with Mark Zuckerberg's Meta Platforms on Monday. The deal is an expansion of an earlier agreement from 2017 in which UMG licensed its music catalogs to Facebook and its sister platforms Messenger, Instagram and Ocul ...

Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG's music library across Meta's platforms (Facebook, Instagram, Horizon, Threads, and WhatsApp) without violating copyright. What's most notable about the new agreement is that it states that the two companies are addressing "unauthorized AI-generated content." This refers to songs being scraped by AI systems, often without the consent of the origina ...

ALEAIMAGE/E+ via Getty Images Universal Corporation (NYSE:UVV) engages in sourcing, processing, and supplying leaf tobacco and plant-based ingredients worldwide. We have started covering the firm back in July 2022 with an initial "buy" rating, due to its attractive dividend- and dividend growth, which we have reiterated in September 2022. x Analysis Rating: All Ratings Filtered By: UVV (2) Analyst's Rating History on UVV " oration: The Demand For Tobacco Remains Strong Universal Corp. Could Be An Attractive ...

Financial Data and Key Metrics Changes - For the quarter ended June 30, 2024, revenue was $597.1 million, up approximately 15% compared to the same quarter last fiscal year, while operating income was $17.2 million, an increase of $6.2 million or 56% [4][8] - Net income for the quarter was $0.1 million or $0.01 per diluted share, which is an increase of $2.2 million compared to the same quarter last year [8] Business Segment Data and Key Metrics Changes - The Tobacco Operations segment saw revenue growth driven by higher sales volumes and prices, with operating income increasing by $5.6 million to $14.5 million [5][8] - The Ingredients Operations segment also delivered improved performance, with a 15% increase in sales revenue primarily due to increased sales volume and new product sales [7][9] Market Data and Key Metrics Changes - Uncommitted tobacco inventory levels at June 30, 2024, remained low at about 13%, indicating an undersupply position in the global leaf tobacco market [6] - Worldwide flue-cured and burley uncommitted stocks stood at 21 million kilos at the end of June, down 7 million kilos from the end of March [21] Company Strategy and Development Direction - The company is focused on sustainability, setting greenhouse gas emission targets and committing to public disclosures of progress towards these goals by 2030 [11] - The Lancaster, Pennsylvania expansion project is on track to become fully operational in the second half of the fiscal year, expected to contribute meaningfully to the Ingredients Operations segment results in fiscal year 2026 [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the tobacco industry is moving towards a more balanced supply environment, which may lead to moderated leaf prices and maintained margins [14][15] - The company is proactively managing supply chain disruptions and is optimistic about avoiding constraints on logistics [17] Other Important Information - Selling, general and administrative expenses increased by $3.2 million, largely due to unfavorable foreign currency comparisons [8] - The company expects to see continued improvement in the Ingredients segment as new customer contracts ramp up throughout the year [23] Q&A Session Summary Question: Update on estimated lease production for 2025 and its impact on margins - Management indicated that a more balanced supply environment could lead to reduced inflationary prices and maintained margins [14][15] Question: Potential cost savings from consolidating sheet production in Europe - Management mentioned that restructuring could yield cost savings between $10 million and $15 million, primarily noncash [16] Question: Issues obtaining shipping containers for the back half of fiscal '25 - Management acknowledged recent disruptions and increased freight costs but expressed optimism about managing logistics effectively [17] Question: Outlook for oriental tobacco for the balance of the year - Management expects a positive performance for oriental tobacco, particularly in the Turkish market, compared to last year [18] Question: Uncommitted worldwide tobacco leaf numbers - Uncommitted stocks were reported at 21 million kilos, down from previous levels [21] Question: Full-year expectations for the Ingredients segment - Management anticipates continued improvement in the Ingredients segment, driven by new product sales and stabilization in markets [22][23] Question: Interest expense outlook in the back half of the year - Management expects to see leverage unwind and interest expenses decrease as tobacco is shipped and sold [27] Question: CapEx moderation - Management noted that CapEx is expected to decrease as significant investments in Lancaster are nearing completion [28] Question: Opportunities for farmers to grow additional crops - Management confirmed ongoing support for farmers to grow food crops and expand their offerings [29][30]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________TO_______________ Commission File Number: 001-00652 UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0414210 (Stat ...