Universal Technical Institute (UTI) Misses Q1 EPS by 2c

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Go back to Universal Technical Institute (UTI) Misses Q1 EPS by 2c

Universal Technical Institute Reports Fiscal Year 2017 First Quarter Results

February 1, 2017 4:05 PM EST

SCOTTSDALE, Ariz., Feb. 1, 2017 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of automotive technician training, reported financial results for the fiscal 2017 first quarter ended December 31, 2016.

Kim McWaters, UTI's Chairman and Chief Executive Officer, stated: "During the fiscal first quarter, we made significant progress implementing our financial improvement plan and achieving $1.4 million in operating income. We streamlined our cost structure and are currently on track to save over $30 million annually. Additionally, our Long Beach campus continued to meet our performance expectations demonstrating the success... More