Universal Technical Institute Reports Record First Quarter 2011 Earnings Per Share of $0.42

Universal Technical Institute, Inc. UTI, the leading provider of automotive technician training, reported results for the first quarter ended Dec. 31, 2010. Revenues for the first quarter ended Dec. 31, 2010 were $117.4 million, a 13.5 percent increase from $103.5 million for the first quarter of the prior year. Net income for the first quarter ended Dec. 31, 2010 was $10.3 million, or $0.42 per diluted share, as compared to net income of $9.3 million, or $0.38 per diluted share, for the first quarter of the prior year.