Lincoln Educational Services

Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. It operates through the following segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Corporate. The Transportation and Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades such as automotive, diesel, heating, ventilation, and air conditioning, welding, and manufacturing. The Healthcare and Other Professions segment provides academic programs in the disciplines of health sciences, hospitality and business, and information technology. The Corporate segment represents unallocated corporate activity. The company was founded in 1946 and is headquartered in Parsippany, NJ.

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Lincoln Educational Services excels in 2022, eyes growth and efficiency

Lincoln Educational Services reported positive performance in 2022, with a focus on enhancing student outcomes and operational efficiency. The company's strong balance sheet, strategic initiatives, and growth projections indicate a promising outlook. Despite challenges such as higher tax rates and increased expenses, Lincoln Educational Services remains optimistic about its expansion opportunities and commitment to student success.

Lincoln Educational Services (LINC) reports robust Q1 performance and growth outlook

Lincoln Educational Services (LINC) delivered a strong Q1 2023 performance, showcasing revenue and EBITDA growth, strategic partnerships, and expansion plans. The company's focus on innovation, financial strength, and employee dedication positions it well for future growth and success in the education sector.

Lincoln Educational Services excels in Q2, eyes growth through partnerships

Lincoln Educational Services' Q2 performance exceeded expectations, showcasing strong financial health and strategic growth initiatives. While facing challenges in program replication and graduation rates, the company is well-positioned to capitalize on opportunities through partnerships and innovative education delivery models.

Lincoln Educational Services reports robust Q3 growth and expansion plans

Lincoln Educational Services saw strong revenue growth and plans for expansion despite operational challenges.
The company's financial position remains robust with no debt and a healthy cash balance.
Strategic initiatives like new programs, campus openings, and tuition increases signal a positive outlook for future growth.

Lincoln Educational Services excels in Q4 2023, eyes revenue growth

Lincoln Educational Services delivered strong financial results, showcasing growth in student metrics and revenue, while maintaining a healthy balance sheet. The company's strategic initiatives and focus on new programs position it well for future success.

Lincoln Educational Services excels in Q1, eyes strategic growth

Lincoln Educational Services reported stellar Q1 performance, with strong growth in key metrics and a positive outlook for the year. The company's focus on innovation, strategic expansion, and financial strength positions them well for future success in the education sector.

Lincoln Educational Services excels in Q3, eyes expansion and innovation

Lincoln Educational Services delivered a strong performance in Q3 2024, marked by revenue growth, increased EBITDA, and successful student start initiatives.
The company's strategic focus on growth, partnerships with industry leaders, and financial stability position it well for future expansion and innovation.
While facing challenges such as campus divestment and maintaining growth momentum, Lincoln has opportunities to enhance its teaching model, expand campuses, and drive further growth.

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Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. It operates through the following segments: Campus Operations and Transitional. The Campus Operations segment includes campuses that are continuing in operation and contribute to the company’s core operations and performance. The Transitional segment refers to businesses that are marked for closure and are currently being taught-out. The Corporate segment represents unallocated corporate activity. The company was founded in 1946 and is headquartered in Parsippany, NJ.

PARSIPPANY, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC) today announced that its Board of Directors has authorized extension of its share repurchase program for an additional twelve months through May 24, 2025.

Lincoln Educational Services Corporation Announces Extension of Share Buyback Program

Lincoln Educational Services Corporation (NASDAQ:LINC ) Q1 2024 Earnings Conference Call May 6, 2024 10:00 AM ET Company Participants Michael Polyviou - IR, Scott Shaw - President, CEO & Director Brian Meyers - EVP, CFO & Treasurer Conference Call Participants Alexander Paris - Barrington Research Steven Frankel - Rosenblatt Securities Eric Martinuzzi - Lake Street Capital Markets Operator Good day, and thank you for standing by. Welcome to the Lincoln Education Services 2024 First Quarter Results Conference Call.

Lincoln Educational Services Corporation (LINC) Q1 2024 Earnings Call Transcript

Lincoln Educational Services Corporation (LINC) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.03 per share a year ago.

Lincoln Educational Services Corporation (LINC) Q1 Earnings and Revenues Beat Estimates

PARSIPPANY, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the first quarter ended March 31, 2024, as well as recent business developments.

Lincoln Educational Services Reports Continued Growth During First Quarter 2024, with 15% Student Starts and 20% Revenue Growth; Increasing Financial Guidance for Full Year 2024

Lincoln's second Georgia location in East Point marks a milestone in Lincoln's five-year strategic expansion plan. Lincoln's second Georgia location in East Point marks a milestone in Lincoln's five-year strategic expansion plan.

Lincoln Tech Opens New Atlanta Campus; Grand Opening Takes Place May 9th

PARSIPPANY, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 6, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day.

Lincoln Educational Services Corporation Schedules First Quarter Earnings Release and Conference Call

Lincoln Tech is an event sponsor as schools, employers gather to help build the next generation of skilled workers. Lincoln Tech is an event sponsor as schools, employers gather to help build the next generation of skilled workers.

Maryland CareerQuest Connects Area Students with Training and Education Opportunities for Hands-On Careers

Parsippany, NJ, April 16, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has awarded a pair of scholarships to Automotive Service & Technology students training at the campus in Melrose Park, IL, a suburb of Chicago. The campus has been one of Lincoln Tech's longest-running schools, with a history of strong placement rates for graduates and close partnerships with area employers.

Lincoln Tech Awards Scholarships to Two Chicago-area Students

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Lincoln's (LINC) Campus Operations segment contribution bodes well.

Lincoln (LINC) to Witness Solid Student Start Growth in Q1

Reiterates Full year 2024 Outlook Company Hosting Investor Day Today Beginning at Noon ET PARSIPPANY, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC), which is hosting its first Investor Day today at its new East Point campus in Georgia, expects to continue its strong business momentum during the first quarter ending March 31, 2024.

Lincoln Educational Services Projects Student Start Growth of Approximately 15% During First Quarter 2024

PARSIPPANY, N.J., March 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that J. Barry Morrow has notified the Company's Board of Directors of his decision not to stand for re-election at the Company's 2024 Annual Meeting of Shareholders. Mr. Morrow joined the Board in 2006 and currently serves as non-executive Chair of the Board.

Lincoln Educational Services Corporation Announces Barry Morrow's Retirement as Chair of the Board and Names John Bartholdson as Chair following the 2024 Annual Meeting of Shareholders

Parsippany, NJ, March 12, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it will host an Investor Day at its East Point, GA campus, on Tuesday, March 19, 2024, with presentations starting at 12:00 pm EDT.  A live webcast of the presentations along with a question-and-answer session with the Company's executive leaders and guests will focus on Lincoln's strategic priorities, growth initiatives and 2024 plan.

Lincoln Educational Services Hosting Investor Day on March 19th

Parsippany, NJ, March 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC), a leading provider of specialized technical training, including automotive technology, the skilled trades, healthcare, IT, culinary, and cosmetology, announced that Scott Shaw, President and Chief Executive Officer will be providing an overview of the Company, along with the recent progress and operating momentum, at the Sidoti Small Cap Conference. Mr. Shaw's presentation will be webcast on Thursday, March 14th beginning at 9:15am EDT.

Lincoln Educational Services to Highlight Recent Growth and Operating Momentum at the Sidoti Spring 2024 Small Cap Conference

Lincoln Educational Services Corporation (LINC) Q4 2023 Earnings Call Transcript

Conference Call Today at 10 a.m. ET PARSIPPANY, N.J.

Lincoln Educational Services Reports Results for Fourth Quarter and Full Year 2023

Parsippany, NJ, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into a $40 million revolving credit facility with Fifth Third Bank. The credit agreement, which has a term of 36 months and matures on February 16, 2027, is for an aggregate principal amount of $40 million, including a $10 million sublimit for letters of credit and an additional accordion option to upsize the credit facility by an additional $20 million upon satisfaction of certain terms and conditions. The proceeds may be used for working capital, general corporate purposes and to support the Company's strategic growth initiatives, including program and campus expansions.

Lincoln Educational Services Announces New $40 Million Revolving Credit Facility Increasing Capital Resource Flexibility

PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its fourth quarter and year-end financial results on Monday, February 26, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day.

Lincoln Educational Services Corporation Schedules Fourth Quarter and Year End 2023 Earnings Release and Conference Call

Parsippany, NJ, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has entered into a sale-leaseback agreement for the property located at 311 Veterans Highway, Levittown, PA. As previously reported, the Company purchased this 90,000 square foot facility in September 2023.

Lincoln Educational Services Completes the Sale-Leaseback of Newly Acquired Levittown, PA Facility

Parsippany, NJ, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has announced the appointment of an organizational leader to an important statewide labor initiative. Cory Hughes, President of Lincoln Tech's Columbia, MD campus, has been selected to join the Maryland Governor's Workforce Development Board (GWDB), thanks to his service to area students and employers since 1987.

Lincoln Tech Campus President Appointed to Maryland State Workforce Development Board

Lincoln Education Services has provided investors with a 220.82% return in the last five years. The company has an upward trending TTM top and bottom lines and aims to double its EBITDA by FY2025. LINC is implementing a new hybrid instructional platform and expanding its campuses, showing commitment to innovation and growth.

Lincoln Educational: Bridging The Career Gap With Hands-On Skills

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Lincoln Educational Services Corporation (NASDAQ:LINC ) Q3 2023 Earnings Conference Call November 6, 2023 10:00 AM ET Company Participants Michael Polyviou - Investor Relations Scott Shaw - President and Chief Executive Officer Brian Meyers - Chief Financial Officer Conference Call Participants Steven Frankel - Rosenblatt Securities Eric Martinuzzi - Lake Street Capital Markets Raj Sharma - B. Riley Robert Puopolo - Epic Partners Operator Good day, and thank you for standing by.

Lincoln Educational Services Corporation (LINC) Q3 2023 Earnings Call Transcript

PARSIPPANY, N.J., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the third quarter as well as recent business developments.

Lincoln Educational Services Reports Continuing Growth in the Third Quarter with 10.5% Revenue Growth and a 7.1% Increase in Student Starts

Real estate deals advance Lincoln Educational Services' strategic growth initiatives for 2024 and beyond, expanding Southern presence and moving historic Nashville campus to a more modern facility. Real estate deals advance Lincoln Educational Services' strategic growth initiatives for 2024 and beyond, expanding Southern presence and moving historic Nashville campus to a more modern facility.

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