Lincoln Educational Services to Meet Analysts and Institutional Investors at the Southwest IDEAS Investor Conference
Lincoln Educational Services announced its participation in the 16th Annual Southwest IDEAS Investor Conference in Dallas on November 21-22, 2024. CEO Scott Shaw will present the company's recent performance, highlighting Q3 results including 15% revenue growth, 21.1% increase in student starts, and 67% growth in adjusted EBITDA year-over-year. The presentation will showcase the company's growth initiatives, including new campus development and program expansion, capitalizing on increasing interest in skilled trades training as an alternative to traditional college education.
Lincoln Educational Services ha annunciato la propria partecipazione alla 16ª Conferenza Annuale degli Investitori Southwest IDEAS che si terrà a Dallas il 21-22 novembre 2024. Il CEO Scott Shaw presenterà le recenti performance dell'azienda, evidenziando i risultati del terzo trimestre che mostrano una crescita del fatturato del 15%, un aumento del 21,1% nelle iscrizioni degli studenti e una crescita del 67% nell'EBITDA rettificato rispetto all'anno precedente. La presentazione metterà in luce le iniziative di crescita dell'azienda, inclusi lo sviluppo di nuovi campus e l'espansione dei programmi, sfruttando l'interesse crescente per la formazione nei mestieri specializzati come alternativa all'istruzione universitaria tradizionale.
Lincoln Educational Services anunció su participación en la 16ª Conferencia Anual de Inversores Southwest IDEAS que se llevará a cabo en Dallas los días 21 y 22 de noviembre de 2024. El CEO Scott Shaw presentará el desempeño reciente de la empresa, destacando los resultados del tercer trimestre, que incluyen un crecimiento del 15% en los ingresos, un aumento del 21.1% en las inscripciones de estudiantes y un crecimiento del 67% en el EBITDA ajustado interanual. La presentación mostrará las iniciativas de crecimiento de la empresa, incluyendo el desarrollo de nuevos campus y la expansión de programas, aprovechando el creciente interés en la capacitación en oficios especializados como una alternativa a la educación universitaria tradicional.
링컨 교육 서비스는 2024년 11월 21일과 22일 달라스에서 열리는 제16회 연례 남서부 IDEAS 투자자 회의에 참석한다고 발표했습니다. CEO 스콧 쇼는 회사의 최근 실적을 발표하며 3분기 실적을 강조할 예정이며, 이는 수익 15% 성장, 학생 등록 21.1% 증가, 지난해 대비 조정된 EBITDA 67% 성장 등을 포함합니다. 발표에서는 회사의 성장 이니셔티브도 소개되며, 새로운 캠퍼스 개발과 프로그램 확장을 포함하여 전통적인 대학 교육에 대한 대안으로 기술 직업 교육에 대한 관심이 증가하는 추세에 맞춰 나아갈 것입니다.
Lincoln Educational Services a annoncé sa participation à la 16e Conférence annuelle des investisseurs Southwest IDEAS qui se tiendra à Dallas les 21 et 22 novembre 2024. Le PDG Scott Shaw présentera la récente performance de l'entreprise, mettant en évidence les résultats du troisième trimestre, y compris une croissance des revenus de 15 %, une augmentation de 21,1 % des inscriptions d'étudiants et une croissance de 67 % de l'EBITDA ajusté d'une année sur l'autre. La présentation mettra en avant les initiatives de croissance de l'entreprise, y compris le développement de nouveaux campus et l'expansion des programmes, en capitalisant sur l'intérêt croissant pour la formation dans les métiers spécialisés comme alternative à l'enseignement supérieur traditionnel.
Lincoln Educational Services hat seine Teilnahme an der 16. jährlichen Southwest IDEAS Investorenkonferenz angekündigt, die am 21. und 22. November 2024 in Dallas stattfinden wird. CEO Scott Shaw wird die jüngste Leistung des Unternehmens präsentieren und dabei die Q3-Ergebnisse hervorheben, die ein Umsatzwachstum von 15%, einen Anstieg der Studenteneinschreibungen um 21,1% und ein Wachstum des angepassten EBITDA von 67% im Vergleich zum Vorjahr beinhalten. Die Präsentation wird die Wachstumsinitiativen des Unternehmens zeigen, einschließlich der Entwicklung neuer Standorte und der Erweiterung von Programmen, um das wachsende Interesse an der Ausbildung in Fachberufen als Alternative zur traditionellen Hochschulausbildung zu nutzen.
- Q3 revenue growth of 15% year-over-year
- Student starts increased by 21.1% in Q3
- Adjusted EBITDA grew 67% compared to previous year
- Expanding through new campus development and program replication
- None.
Insights
The Q3 results showcase remarkable performance metrics with
The expansion strategy through new campus development and program replication demonstrates scalable growth potential. With a market cap of
Presentation will be Webcast at 4:10pm CT on November 21st
PARSIPPANY, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (the “Company”), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 16th Annual Southwest IDEAS Investor Conference, being held in Dallas, TX on November 21 and 22, 2024. The presentation will be webcast and can be accessed through the conference host’s main website at www.threepartadvisors.com/southwest.
Mr. Shaw will review the recent third quarter performance, with revenue growing
“Our third quarter results, highlighted by strong revenue and student start growth, demonstrate that we are executing our key growth initiatives, including new campus development and program replication openings at existing campuses,” commented Mr. Shaw. “This success, coupled with the nation’s growing interest in skilled trades training as an alternative to the traditional four-year college education, is generating excitement and enthusiasm among institutional investors. I look forward to sharing our results and how we plan to maintain our growth trajectory for the foreseeable future.”
ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION
Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education helping to provide solutions to America’s skills gap. Lincoln offers career-oriented programs to recent high school graduates and working adults in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946 and currently operates 22 campuses in 13 states under Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute, Euphoria Institute of Beauty Arts & Sciences and associated brand names. For more information, please go to www.lincolntech.edu.
FORWARD-LOOKING STATEMENTS
Statements in this press release and in oral statements made from time to time by representatives of Lincoln Educational Services Corporation regarding Lincoln’s business that are not historical facts, including those made in a conference call, may be “forward-looking statements” as that term is defined in the federal securities law. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Generally, these statements relate to business plans or strategies and projections involving anticipated revenues, earnings, or other aspects of the Company’s operating results. Such forward-looking statements include the Company’s current belief that it is taking appropriate steps regarding the pandemic and that student growth will continue. The Company cautions you that these statements concern current expectations about the Company’s future performance or events and are subject to a number of uncertainties, risks, and other influences, many of which are beyond the Company’s control, that may influence the accuracy of the statements and the projects upon which the statements are based including, without limitation, impacts related to epidemics or pandemics; our failure to comply with the extensive regulatory framework applicable to our industry or our failure to obtain timely regulatory approvals in connection with acquisitions or a change of control of our Company; our success in updating and expanding the content of existing programs and developing new programs for our students in a cost-effective manner or on a timely basis; risks associated with cybersecurity; risks associated with changes in applicable federal laws and regulations; uncertainties regarding our ability to comply with federal laws and regulations, such as the 90/10 rule and prescribed cohort default rates; risks associated with the opening of new campuses; risks associated with integration of acquired schools; industry competition; our ability to execute our growth strategies; conditions and trends in our industry; general economic conditions; and other factors discussed in the “Risk Factors” section of our Annual Reports and Quarterly Reports filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof.
| CONTACT: | EVC Group LLC |
| Michael Polyviou, mpolyviou@evcgroup.com | |
| 732-933-2754 |
FAQ
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