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Universal Technical Institute

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FY2024 Annual Report · Universal Technical Institute
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2024 was a year of significant achievement for Universal Technical Institute, Inc. as we balanced purpose with profit to 
create 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 consolidation 
to leverage the renowned UTI name; the introduction of new programs and expansion of existing offerings across both 
divisions; award recognitions for our campuses’ exemplary graduation and placement rates; and the addition of more 
employer partners as we marked milestone anniversaries with some of the nation’s foremost companies. On behalf of the 
Executive Leadership Team and our Board of Directors, I want to thank our employees, who represent the very best of our 
industry and consistently demonstrate exceptional dedication to our students and partners. 
A MESSAGE TO OUR SHAREHOLDERS
FISCAL 2024 KEY METRICS
Full Year Revenue of 
$732.7 million in 2024, 
an increase of 21% 
compared to the prior year.
Full Year Net Income 
was $42 million, an 
increase of 241% 
over the prior year
Total New Student 
Starts of 26,885, an 
increase of 19% 
over the prior year
Underpinning this success is our corporate North Star Strategy. In 2024, we concluded phase one of this strategy and made 
significant progress toward its core tenets of growth, diversification, and optimization. Phase two of the strategy is now 
underway and will accelerate our work to prepare even more skilled collar workers in industries that are pillars of the American 
economy. 
Our ambitious agenda includes launching new programs and courses across our campuses, with an emphasis on high-demand 
fields like healthcare and aviation; laying the groundwork for significant campus expansions in three new locations; and 
enhancing our curriculum to align with industry trends like electric vehicles and renewable energy. We also continue to explore 
strategic acquisition opportunities that will complement our healthcare footprint. These initiatives put us in a strong position 
to meet the growing demand for skilled workers and reach our fullest potential as the nation’s leading provider of workforce 
solutions.
As we prepare to celebrate more than six decades of meeting 
industry’s needs for a future-ready workforce in 2025, Universal 
Technical Institute, Inc. is stronger than ever. I am both honored 
and humbled to lead this extraordinary organization in our 
continued transformative journey.   
Sincerely,
Jerome A. Grant
Chief Executive Officer

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BOARD OF DIRECTORS
Robert T. DeVincenzi
Chairman of the Board
Principal Partner,
Lupine Venture Group
George W. Brochick
Executive Vice President –
Strategic Development,
Penske Automotive Group, Inc.
Jerome A. Grant
Chief Executive Officer,
Universal Technical Institute, Inc.
LTG (R) William J. Lennox
Former Superintendent of the United 
States Military Academy at West Point
Chief Executive Officer,
Lennox Strategies, LLC
Shannon L. Okinaka  
Executive Vice President – 
Administration, Hawaiian Airlines
Loretta L. Sanchez
Former U.S. Congresswoman; Chief 
Executive Officer, Datamatica, LLC
Christopher S. Shackelton
Managing Partner,
Coliseum Capital Management, LLC
Michael A. Slubowski
President. Chief Executive Officer, 
and Board Member of Trinity Health
Linda J. Srere
Former President,
Young and Rubicam Advertising
Kenneth R. Trammell
Former Executive Vice President
and Chief Financial Officer,
Tenneco, Inc.
CORPORATE OFFICERS
Jerome A. Grant
Chief Executive Officer
Christine C. S. Kline
Interim Chief Financial Officer 
and Chief Accounting Officer
Todd A. Hitchcock
Executive Vice President, 
Chief Strategy and 
Transformation Officer
Christopher E. Kevane
Executive Vice President, 
Chief Legal Officer
Sherrell E. Smith
Executive Vice President, 
Chief Academic Officer
Carolyn Frank
Senior Vice President, 
Chief Human Resources Officer
Tracy K. Lorenz
Senior Vice President, 
UTI Division President
Kevin Prehn
Senior Vice President, 
Concorde Division President
Lori B. Smith
Senior Vice President,
Chief Information Officer
REQUEST FOR INVESTOR
INFORMATION
Universal Technical Institute, Inc.
Investor Relations
4225 E. Windrose Drive
Suite 200
Phoenix, Arizona 85032
(623) 445-9500
The company will furnish a copy of the 
2024 Annual Report on Form 10-K without 
charge upon a written request to the address 
above. In addition, the electronic version 
of the Annual Report can be found at www.
uti.edu, under the captions Investors – 
Financial Information – Annual Reports. UTI 
has submitted the requisite certification 
regarding its corporate governance listing 
standards to the New York Stock Exchange.
Common Stock 
Traded on the New York Stock Exchange 
under the symbol UTI
Transfer Agent
P.O. Box 43078
Providence, RI 02940-3078
Independent Accountants
Deloitte & Touche, LLP
100 South Mill Avenue
Suite 1800
Tempe, AZ 85281-2804

Universal Technical Institute, Inc. (NYSE: UTI) 
was founded in 1065 and is a leading workforce 
solutions provider of transportation, skilled trades, 
energy, and healthcare education programs. The 
company’s mission is to serve students, partners, 
and communities by providing quality education 
and support services for in-demand careers across 
a number of highly skilled fields.
The Company is comprised of two divisions: 
Universal Technical Institute (“UTI”) and Concorde 
Career Colleges (“Concorde”). UTI operates 
16 campuses in nine states and offers a wide 
range of programs under brands such as UTI, MIAT 
College of Technology, Motorcycle Mechanics 
Institute, Marine Mechanics Institute, and NASCAR 
Technical Institute. Concorde operates across 
17 campuses in eight states and online, offering 
programs in the allied health, dental, nursing, 
patient care, and diagnostic fields.
For more information, visit www.utiedu or 
www.concorde.edu, LinkedIn at 
@UniversalTechnicalInstitute and @Concorde 
Career Colleges, or X at @anews_UTI or 
@ConcordeCareer.
UTI LOCATIONS
Avondale UTI, Arizona
Avondale MMI, Arizona
Long Beach, California
Rancho Cucamonga, California
Sacramento, California
Orlando, Florida
Miramar, Florida
Lisle, Illinois
Canton MIAT, Michigan
Bloomfield, New Jersey
Mooresville, North Carolina
Exton, Pennsylvania
Austin, Texas
Dallas/Fort Worth, Texas
Houston UTI, Texas
Houston MIAT, Texas
CONCORDE LOCATIONS 
Garden Grove, California
North Hollywood, California
San Bernardino, California
San Diego, California
Aurora, Colorado
Jacksonville, Florida
Miramar, Florida
Orlando, Florida
Tampa, Florida
Southaven, Mississippi
Kansas City, Missouri (2 locations)
Portland, Oregon
Memphis, Tennessee
Dallas, Texas
Grand Prairie, Texas
San Antonio, Texas
Online
ABOUT UNIVERSAL 
TECHNICAL INSTITUTE, INC
©2024 Universal Technical Institute, Inc.