环球技术学院 2024年度报告
A MESSAGE TO OUR SHAREHOLDERS
2024 was a year of significant achievement for Universal Technical Institute, Inc. as we balanced purpose with profit tocreate excellent student outcomes and provide value for our shareholders.
The Concorde and UTI divisions had many successes, including announcing plans for a first-of-its-kind campus co-branded with Heartland Dental, a longtime partner of Concorde Career Colleges; launching a multi-brand consolidationto leverage the renowned UTI name; the introduction of new programs and expansion of existing offerings across bothdivisions; award recognitions for our campuses’ exemplary graduation and placement rates; and the addition of moreemployer partners as we marked milestone anniversaries with some of the nation’s foremost companies. On behalf of theExecutive Leadership Team and our Board of Directors, I want to thank our employees, who represent the very best of ourindustry and consistently demonstrate exceptional dedication to our students and partners.
FISCAL 2024 KEY METRICS
Full Year Revenue of$732.7 million in 2024,an increase of 21%compared to the prior year.
Total New StudentStarts of 26,885, anincrease of 19%over the prior year
Full Year Net Incomewas $42 million, anincrease of 241%over the prior year
Underpinning this success is our corporate North Star Strategy. In 2024, we concluded phase one of this strategy and madesignificant progress toward its core tenets of growth, diversification, and optimization. Phase two of the strategy is nowunderway and will accelerate our work to prepare even more skilled collar workers in industries that are pillars of the Americaneconomy.
Our ambitious agenda includes launching new programs and courses across our campuses, with an emphasis on high-demandfields like healthcare and aviation; laying the groundwork for significant campus expansions in three new locations; andenhancing our curriculum to align with industry trends like electric vehicles and renewable energy. We also continue to explorestrategic acquisition opportunities that will complement our healthcare footprint. These initiatives put us in a strong positionto meet the growing demand for skilled workers and reach our fullest potential as the nation’s leading provider of workforcesolutions.
As we prepare to celebrate more than six decades of meetingindustry’s needs for a future-ready workforce in 2025, UniversalTechnical Institute, Inc. is stronger than ever. I am both honoredand humbled to lead this extraordinary organization in ourcontinued transformative journey.
Jerome A. GrantChief Executive Officer
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