1、2 0 1 7 A N N U A L R E P O R TWith more than 200,000 graduates in its 52-year history,Universal Technical Institute,Inc.(NYSE:UTI)is the nations leading provider of technical training for automotive,diesel,collision repair,motorcycle and marine technicians,and offers welding technology and computer
2、 numerical control(CNC)machining programs.The company has built partnerships with industry leaders,outfits its state-of-the-industry facilities with current technology,and delivers training that is aligned with employer needs.Through its network of 12 campuses nationwide,UTI offers post-secondary pr
3、ograms under the banner of several well-known brands,including Universal Technical Institute(UTI),Motorcycle Mechanics Institute and Marine Mechanics Institute(MMI),and NASCAR Technical Institute(NASCAR Tech).The company is headquartered in Scottsdale,Arizona.For more information,visit uti.edu.A mes
4、sage to our shareholders For 52 years,Universal Technical Institute has been dedicated to student success.Its a commitment that has defined our business since the beginning and is the foundation for our future.The breadth and depth of our industry partnerships are unmatched,and employers have incred
5、ible demand for our graduates.While weve pulled significant costs out of the business,we continue to build on our strengths,and were innovating and investing to return to growth.We are transforming our business model from mostly large destination campuses to commuter-friendly campuses in high-demand
6、 markets.Our first two of these campusesin Dallas/Fort Worth and Long Beachare delivering attractive returns and,in the fall of 2018,we plan to open a third in New Jersey,marking our entry into the New Jersey/New York metropolitan market.We are reducing the footprint of two of our destination campus