Universal Technical Institute joins the Russell 3000® Index


The addition is part of the annual replenishment of the Russell Indexes and reflects the strong business performance and value creation resulting from the company’s growth and diversification strategy.

PHOENIX, June 27, 2022 /PRNewswire/ — Universal Technical Institute (UTI) (NYSE: UTI) joined the broad market Russell 3000® Index at the end of the annual reconstitution of the Russell indices 2022, effective after the opening of the US market today.

Annual Russell Indices Replenishment Captures 4,000 Largest U.S. Stocks as of May 6, ranking them by total market capitalization. Membership in the US All Cap Russell 3000® The index, which remains in place for a year, means automatic inclusion in the large-cap Russell 1000® Russell 2000 Index or Small Cap® Index as well as appropriate growth and value style indices. FTSE Russell determines membership in its Russell indices primarily by objective market capitalization rankings and style attributes.

“To be added to the Russell 3000 brands another important milestone as we continue to implement our growth and diversification strategy. This further illuminates our continued strong performance and continued commitment to creating shareholder value,” said UTI’s CEO. Jerome Grant. “With the recent announcement of the expansion of our MIAT College of Technology program to UTI campuses, the launch of two new campuses this year at Austin, TXand Miramar, Florida., and the future expansion of healthcare education through the pending acquisition of Concorde Career Colleges, we are able to not only increase program offerings at our existing campuses, but also increase the size of our addressable market, making more programs available to a wider range of students. Our focus on good student outcomes and employment drives our efforts, while our industry partners and investors also realize the benefits. »

“With the addition of Concorde and the expansion of our program offerings, we will accelerate Universal Technical Institute growth in revenue, profitability and cash flow over the next few years,” said UTI’s Chief Financial Officer troy anderson. “Including the acquisition of the Concorde, Universal Technical Institute longer-term strategic roadmap estimates FY2025 revenue at more than $700 million and an adjusted EBITDA margin of approximately 20%. Being listed in the Russell 3000 Index includes Universal Technical Institute ranks with other great companies and enhances our exposure to an even wider investor base with whom to share our exciting growth story.”

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately 12 trillion dollars assets are benchmarked against US Russell indices. Russell Indices are part of FTSE Russell, one of the world’s leading index providers.

For more information on the Russell 3000® Index and the reconstruction of the Russell indices, go to the “Russell Reconstitution” section of the FTSE Russell website. For the latest information and investor presentations from UTI, visit https://investor.uti.edu/.

About Universal Technical Institute, Inc.
Founded in 1965 and based in Phoenix, the mission of Universal Technical Institute (NYSE: UTI) is to serve our students, partners, and communities by providing quality education and support services for in-demand careers. Approximately 250,000 students graduate from any of UTI’s 15 campuses located across Arizona, California, Florida, Illinois, Michigan, North Carolina, Pennsylvania, New Jerseyand Texas. UTI’s campuses are accredited by the Accrediting Commission for Professional Schools and Colleges (ACCSC), while its employer-aligned technical training programs are offered under four brands: Universal Technical Institute, Motorcycle Mechanics Institute/Marine Mechanics Institute, NASCAR Technical Institute and MIAT College. of Technology. For more information and a complete list of all programs offered, please visit www.uti.edu or follow on LinkedIn @UniversalTechnicalInstitute and on Twitter @news_UTI.

About FTSE Russell:
FTSE Russell is a global index leader providing innovative benchmarking, analytics and data solutions to investors around the world. FTSE Russell calculates thousands of indices that measure and compare markets and asset classes in over 70 countries, covering 98% of the global investment market.

The expertise and products of the FTSE Russell Index are widely used by institutional and retail investors around the world. Approximately 20 trillion dollars is currently benchmarked against the FTSE Russell indices. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen the FTSE Russell indices to benchmark their investment performance and create ETFs, structured products and derivatives based on indices.

A set of universal principles guides the design and management of the FTSE Russell Index: a transparent rules-based methodology is informed by independent committees made up of leading market participants. FTSE Russell focuses on applying the highest industry standards in index design and governance and adopts the IOSCO Principles. FTSE Russell is also focused on index innovation and client partnerships as it seeks to improve the breadth, depth and reach of its offering.

FTSE Russell is 100% owned by the London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Media Contact
Alanna Vitucci
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THE SOURCE Universal Technical InstituteInc.


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