Lincoln Educational Services to Meet Institutional Investors at Barrington Research Virtual Fall Conference being Held on September 12th

Rhea-AI Summary

Lincoln Educational Services (LINC) announced its participation in the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12th, 2024. President and CEO Scott Shaw will meet with institutional investors to discuss the company's recent performance and growth strategy. Highlights include:

- Q2 revenue growth of 16.1%
- Student starts increase of 12.3%
- Adjusted EBITDA more than doubled compared to Q2 2023

The company aims to showcase its potential for increasing shareholder value through expansion of campuses and in-demand programs to meet the growing need for skilled workers in the U.S. economy.

Positive

• Q2 revenue growth of 16.1% year-over-year
• Student starts increased by 12.3% in Q2
• Adjusted EBITDA more than doubled compared to Q2 2023
• Plans to open new campuses and expand in-demand programs

Negative

• None.

PARSIPPANY, N.J., Sept. 04, 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 17th Annual Barrington Research Virtual Fall Investment Conference, being held on Thursday, September 12^th, 2024. Investors should reach out to their Barrington sales representatives or contact mpolyviou@evcgroup.com to schedule a virtual one-on-one meeting with Lincoln’s management team.

Mr. Shaw will review the recent second quarter performance, with revenue growing 16.1%, student starts increasing 12.3% and adjusted EBITDA more than doubling compared to the year-ago second quarter. Mr. Shaw will also provide an overview of the Company, its growth drivers and how it is uniquely positioned to execute its long term business strategy to increase shareholder valuation.

“Our continued success is attracting new investors to the Lincoln Educational Services story, and we believe events like the Barrington conference allow us to reach a broader investor audience seeking new investment ideas,” commented Mr. Shaw. “We have a compelling story and the opportunity ahead of us is exciting, especially as we open new campuses and expand in-demand programs to other campuses to meet the growing demand for skilled and essential employees, which is necessary to fuel the U.S. economy.”

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 and 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 the COVID-19 pandemic or other 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 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

When is Lincoln Educational Services (LINC) participating in the Barrington Research Virtual Fall Conference?

Lincoln Educational Services (LINC) is participating in the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12th, 2024.

What was Lincoln Educational Services' (LINC) revenue growth in Q2 2024?

Lincoln Educational Services (LINC) reported a revenue growth of 16.1% in Q2 2024 compared to the same quarter in the previous year.

How much did Lincoln Educational Services' (LINC) student starts increase in Q2 2024?

Lincoln Educational Services (LINC) reported a 12.3% increase in student starts for Q2 2024 compared to the same quarter in the previous year.

What are Lincoln Educational Services' (LINC) plans for expansion?

Lincoln Educational Services (LINC) plans to open new campuses and expand in-demand programs to other campuses to meet the growing demand for skilled and essential employees in the U.S. economy.