On this page of StockholderLetter.com we present the latest annual shareholder letter from UNIVERSAL TECHNICAL INSTITUTE INC — ticker symbol UTI. Reading current and past UTI letters to shareholders can bring important insights into the investment thesis.

A MESSAGE TO OUR SHAREHOLDERS 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 cobranded 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. FISCAL 2024 KEY METRICS Full Year Revenue of $732.7 million in 2024, an increase of 21% Full Year Net Income was $42 million, an increase of 241% Total New Student Starts of 26,885, an increase of 19% compared to the prior year. over the prior year 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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UTI Shareholder/Stockholder Letter Transcript:


A MESSAGE TO OUR SHAREHOLDERS
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 cobranded 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.
FISCAL 2024 KEY METRICS
Full Year Revenue of
$732.7 million in 2024,
an increase of 21%
Full Year Net Income
was $42 million, an
increase of 241%
Total New Student
Starts of 26,885, an
increase of 19%
compared to the prior year.
over the prior year
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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