1、2016 Annual ReportHeadquartered in Scottsdale,Arizona,Universal Technical Institute,Inc.(NYSE:UTI)is the leading provider of post-secondary education for students seeking careers as professional automotive,diesel,collision repair,motorcycle and marine technicians.With more than 200,000 graduates in
2、its 51-year history,UTI offers undergraduate degree and diploma programs at 12 campus locations across the United States,as well as manufacturer-specific training programs at dedicated training centers.UTI provides specialized post-secondary education programs under the banner of several well-known
3、brands,including Universal Technical Institute(UTI),Motorcycle Mechanics Institute and Marine Mechanics Institute(MMI)and NASCAR Technical Institute(NASCAR Tech).A message to our shareholders 2016 was an important year for Universal Technical Institute as we positioned the company for success in an
4、environment that requires change,but also creates opportunity.We took meaningful steps to align our team and cost structure with the realities of the current market,and we strengthened our foundation for the future.There is strong demand for our graduates and incremental value for every student we t
5、rain,so we are keenly focused on attracting more qualified students,and on helping them start school,succeed in school and go on to build rewarding careers.As we refined our long-term growth strategy,we secured the capital to accelerate our proven initiatives.In the coming year,well ramp up work to
6、open our smaller commuter-friendly campuses in attractive markets and roll out new programs that make use of our existing footprint.The industry demand for what we do is undeniable.In 2016,we put this company on the path to help more students find success and to produce more of the skilled technicia