Brief: Universal Technical Institute Provides Business And Covid-19 Update

Universal Technical Institute

22/04/2020 22:32

April 22 (Reuters) - Universal Technical Institute Inc
 UTI.N :
    * UNIVERSAL TECHNICAL INSTITUTE PROVIDES BUSINESS AND
COVID-19
UPDATE
    * UNIVERSAL TECHNICAL INSTITUTE INC - WITHDRAWAL OF ITS
FISCAL
YEAR 2020 FINANCIAL GUIDANCE THAT WAS LAST UPDATED ON FEBRUARY
6, 2020
    * UNIVERSAL TECHNICAL INSTITUTE INC - UTI EXPECTS TO RECEIVE
A
TOTAL OF APPROXIMATELY $33 MILLION IN FUNDS THROUGH CARES ACT
    * UNIVERSAL TECHNICAL INSTITUTE - AS OF MARCH 31, 2020, UTI
HAD NO
DEBT AND ITS PRELIMINARY ESTIMATE OF AVAILABLE LIQUIDITY WAS
APPROXIMATELY $118 MILLION
    * UNIVERSAL TECHNICAL - BEGUN WORKING DILIGENTLY TO MINIMIZE
IMPACTS TO PROFITABILITY & CASH FLOW THROUGH PRUDENT COST &
WORKING CAPITAL MANAGEMENT

Source text for Eikon:  ID:nPnjL5Pba 
Further company coverage:  UTI.N 

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