March 22, 2018 / 9:02 PM / 6 months ago

BRIEF-Universal Technical Institute Announces Strategic Transformation Plan

March 22 (Reuters) - Universal Technical Institute Inc :

* UNIVERSAL TECHNICAL INSTITUTE ANNOUNCES STRATEGIC TRANSFORMATION PLAN

* UNIVERSAL TECHNICAL INSTITUTE - TRANSFORMATION PLAN DESIGNED TO GENERATE ABOUT $30 MILLION OF INCREMENTAL OPERATING INCOME IN FISCAL 2020

* SEES FY 2018 REVENUE $310 MILLION TO $320 MILLION

* 2018 OPERATING EXPENSES ARE NOW EXPECTED TO RANGE BETWEEN $348 MILLION AND $353 MILLION

* 2018 OPERATING LOSS IS NOW EXPECTED BETWEEN $28 MILLION AND $33 MILLION

* 2018 EBITDA IS STILL EXPECTED TO BE NEGATIVE Source text for Eikon: Further company coverage:

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