UNIVERSAL TECHNICAL INSTITUTE Business Summary

Universal Technical Institute Inc. (NYSE: UTI) operates as a leading workforce solutions provider, generating revenue primarily through tuition and fees from its post-secondary vocational programs. The company’s business is divided into two primary reportable segments: the Universal Technical Institute (UTI) segment, which offers specialized technical training in automotive, diesel, collision repair, motorcycle, marine, and energy sectors; and the Concorde Career Colleges (Concorde) segment, which provides healthcare education in nursing, dental, and allied health fields. Under its "North Star Strategy Phase II," the company is aggressively diversifying its portfolio and expanding its campus footprint, targeting over $1.2 billion in annual revenue by fiscal 2029. UTI competes directly with Lincoln Educational Services (Lincoln Tech), Adtalem Global Education, and Strategic Education, positioning itself as a premium, industry-aligned leader in the specialized technical and healthcare vocational training market. Originally founded in 1965 by Robert Sweet, the company is currently led by Chief Executive Officer Jerome A. Grant, who brings extensive pedigree from executive roles at Pearson Education and McGraw-Hill. The leadership team includes Executive Vice President and CFO Bruce Schuman, a 27-year Intel veteran and former CFO of Vacasa, and Todd A. Hitchcock, who serves as Executive Vice President and Chief Operating Officer. The company’s strategic direction is further supported by Division Presidents Tracy Lorenz (UTI) and Kevin Prehn (Concorde). UTI maintains a high level of institutional backing from major investors such as Vanguard and T. Rowe Price, while its Board of Directors, chaired by Robert T. DeVincenzi, includes notable industry figures like Michael A. Slubowski, the President and CEO of Trinity Health.