Lincoln Educational Services to Meet Institutional Investors at Barrington Research Virtual Fall Conference being Held on September 12th
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.
Lincoln Educational Services (LINC) ha annunciato la sua partecipazione al 17° Convegno Virtuale di Investimento di Barrington Research, che si terrà il 12 settembre 2024. Il Presidente e CEO Scott Shaw incontrerà investitori istituzionali per discutere le recenti performance dell'azienda e la strategia di crescita. I punti salienti includono:
- Crescita dei ricavi del Q2 del 16,1%
- Aumento degli iscritti del 12,3%
- L'EBITDA rettificato è più che raddoppiato rispetto al Q2 2023
L'azienda punta a dimostrare il suo potenziale per aumentare il valore per gli azionisti attraverso l'espansione dei campus e dei programmi richiesti, per soddisfare il crescente fabbisogno di lavoratori qualificati nell'economia degli Stati Uniti.
Lincoln Educational Services (LINC) anunció su participación en la 17ª Conferencia Virtual de Inversión de Barrington Research que se llevará a cabo el 12 de septiembre de 2024. El Presidente y CEO Scott Shaw se reunirá con inversores institucionales para discutir el rendimiento reciente de la compañía y su estrategia de crecimiento. Los aspectos más destacados incluyen:
- Crecimiento de ingresos del Q2 de 16.1%
- Aumento de inscripciones del 12.3%
- El EBITDA ajustado se ha más que duplicado comparado con el Q2 de 2023
La empresa tiene como objetivo mostrar su potencial para aumentar el valor para los accionistas a través de la expansión de los campus y programas demandados para satisfacer la creciente necesidad de trabajadores calificados en la economía de EE. UU.
링컨 교육 서비스 (LINC)는 2024년 9월 12일에 열리는 제17회 바링턴 리서치 가상 가을 투자 회의에 참여한다고 발표했습니다. 사장 겸 CEO인 스콧 쇼가 기관 투자자들과 만나 회사의 최근 성과 및 성장 전략에 대해 논의할 예정입니다. 주요 내용은 다음과 같습니다:
- 2분기 매출 성장 16.1%
- 학생 등록 증가 12.3%
- 조정된 EBITDA가 2023년 2분기 대비 두 배 이상 증가했습니다.
회사는 캠퍼스 확장 및 인력이 필요한 프로그램을 통해 미국 경제에서 숙련된 노동자에 대한 증가하는 수요를 충족시키며 주주 가치를 높일 수 있는 잠재력을 보여주고자 합니다.
Lincoln Educational Services (LINC) a annoncé sa participation à la 17ème Conférence annuelle d'investissement virtuelle de Barrington Research le 12 septembre 2024. Le Président et PDG Scott Shaw rencontrera des investisseurs institutionnels pour discuter des performances récentes de l'entreprise et de sa stratégie de croissance. Les points forts incluent :
- Croissance du chiffre d'affaires du Q2 de 16,1%
- Augmentation des inscriptions de 12,3%
- L'EBITDA ajusté a plus que doublé par rapport au Q2 2023
L'entreprise vise à démontrer son potentiel pour accroître la valeur pour les actionnaires grâce à l'expansion des campus et des programmes en demande afin de répondre au besoin croissant de travailleurs qualifiés dans l'économie américaine.
Lincoln Educational Services (LINC) gab bekannt, dass das Unternehmen am 17. jährlichen virtuellen Herbst-Investorenkonferenz von Barrington Research am 12. September 2024 teilnehmen wird. Präsident und CEO Scott Shaw wird sich mit institutionellen Investoren treffen, um die jüngsten Leistungen des Unternehmens und die Wachstumsstrategie zu besprechen. Die Highlights sind:
- Umsatzwachstum im 2. Quartal von 16,1%
- Zuwachs bei den Studierenden von 12,3%
- Das bereinigte EBITDA hat sich im Vergleich zum 2. Quartal 2023 mehr als verdoppelt
Das Unternehmen möchte sein Potenzial zur Steigerung des Aktionärswertes durch den Ausbau von Campussen und gefragten Programmen zur Deckung des wachsenden Bedarfs an Fachkräften in der US-Wirtschaft präsentieren.
- 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
- 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 12th, 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
“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 |
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