Thread regarding Universal Technical Institute Inc. layoffs

More losses...but UTI continues to build

Operating loss for the quarter was $3.6 million

"Fiscal 2018 average student population is anticipated to be down in the mid single digits due to a 6% lower beginning population and the timing of the low single digit start growth expected for the full year."

"UTI expects an operating loss of between $20 million and $25 million and negative EBITDA due to the lower total revenue expected in 2018 as compared to 2017, along with the financial impact of opening its New Jersey campus, its planned investments in marketing and admissions to support start growth and the planned expansion of its welding program."

https://www.marketwatch.com/story/universal-technical-institute-reports-fiscal-year-2018-first-quarter-results-2018-02-08?siteid=nbsh

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6 replies (most recent on top)

Still paying big bonuses and now sponsoring the Texas Motor Speedway?

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Post ID: @REdFNev-puts

Yaaaaawn....didn’t we read that about February?

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Post ID: @REdFNev-prip

Everyone is holding their breath for big changes in March.

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Post ID: @REdFNev-kvas

oh there's wind coming of Scottsdale that's for sure

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Post ID: @REdFNev-4mfv

Economic headwinds dontcha know.

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Post ID: @REdFNev-3asn

Who cares

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Post ID: @REdFNev-3csk

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