Being listed in the Russell 3000 Index includes Universal Technical Institute in the ranks of other great companies and improves our exposure to an even broader investor base with whom to share our exciting growth story.' 'Including the Concorde acquisition, Universal Technical Institute's longer-term strategic roadmap estimates fiscal 2025 revenue of more than $700 million and an adjusted EBITDA margin of approximately 20%. 'With the addition of Concorde and the broadening of our program offerings, we will accelerate Universal Technical Institute's revenue, profitability, and cash flow growth over the next several years,' said UTI CFO Troy Anderson. 'With the recent announcement of our MIAT College of Technology program expansion to UTI campuses, launching two new campuses this year in Austin, Texas, and Miramar, Fla., and the future expansion into 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, by making more programs available to a broader array of students. Our focus on strong student outcomes and employment drives our efforts, while our industry partners and investors also realize the benefits.' This further elucidates our ongoing strong performance and our continued commitment to creating shareholder value,' said UTI CEO Jerome Grant. 'Being added to the Russell 3000 marks another significant milestone as we continue to execute on our growth and diversification strategy.

FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Membership in the US all-cap Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization.

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