Welcome to our dedicated page for Lincoln Educational Services news (Ticker: LINC), a resource for investors and traders seeking the latest updates and insights on Lincoln Educational Services stock.
Lincoln Educational Services Corporation (Nasdaq: LINC) is a prominent provider of career-oriented post-secondary education. Since its establishment in 1946, Lincoln has been committed to bridging the skills gap in America by offering hands-on training and education. The company operates campuses in 13 states under several brands, including Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences.
Lincoln offers a wide array of programs tailored to meet the demands of various industries, including automotive technology, skilled trades, healthcare services, culinary arts, hospitality services, and business and information technology. Over the years, the institution has helped more than a quarter-million graduates embark on successful careers.
Recent Achievements:
- Entered into a $40 million revolving credit facility with Fifth Third Bank, enhancing financial flexibility.
- Completed a sale leaseback transaction for a property in Levittown, Pennsylvania, ensuring the opening of a new campus in the second half of 2025.
- Announced strong financial results for Q4 2023, with revenue and EBITDA growth in the Campus Operations segment.
- Expanded into Houston, Texas with a new campus expected to open in early 2026.
Lincoln's robust financial condition is marked by $80 million in cash reserves and no debt, providing a strong foundation for continued growth. The company's strategic initiatives include the relocation and expansion of campuses and the introduction of new programs to meet the evolving needs of students and employers.
The company also maintains valuable partnerships, such as a recent $6 million agreement with CMC for on-site employee training. These collaborations underscore Lincoln's commitment to providing high-quality education and training that align with industry requirements.
Lincoln continues to focus on its mission to enhance shareholder value and deliver positive outcomes for students, faculty, and corporate partners. For more information, visit www.lincolntech.edu.
Lincoln Educational Services Corporation (LINC) reported robust financial results for Q2 2021, with revenue rising 28.8% to $80.5 million and net income improving to $2.4 million. Student starts grew 8.0% (19.1% adjusted for COVID-19 delays), while the ending student population increased by 11.0% to 12,860. Operating income reached $3.5 million, up from $1.2 million. The company has refined its full-year guidance, anticipating annual revenue growth of 9% to 12% and adjusted EBITDA between $34 million and $37 million, exceeding prior estimates. A conference call is scheduled for 10 a.m. ET.
Lincoln Educational Services Corporation (NASDAQ: LINC) has appointed Felecia J. Pryor to its Board of Directors, enhancing its leadership team. Ms. Pryor brings over 20 years of corporate experience, focusing on talent acquisition and strategic planning. Her role also includes serving on the Board's Compensation Committee. Board Chairman J. Barry Morrow emphasized her significant skill set, which will aid in attracting top talent and supporting Lincoln's long-term growth strategy.
Lincoln Educational Services Corporation (Nasdaq: LINC) has announced a conference call to discuss its second quarter financial results scheduled for August 9, 2021, at 10:00 a.m. Eastern time. A news release detailing these financial results will be available before 9:30 a.m. on the same day. Interested participants can access the live call via Lincoln's website or by dialing in with the provided codes. An archive of the webcast will be accessible for 90 days following the event.
Lincoln Educational Services Corporation (NASDAQ: LINC) is launching the Mazda Automotive Student Training (MAST) program at its Columbia, MD campus to meet the growing demand for automotive technicians. Starting July 14, 2021, this program will offer students specialized training in Mazda technologies, mentorship opportunities, and potential tuition reimbursements up to $15,000. With an expected 15,000 openings for automotive technicians in Maryland by 2028 and 740,000 nationally, this initiative aims to benefit both students and local Mazda dealerships.
Lincoln Educational Services has successfully launched the inaugural class of its Food Industry Technician (FIT) program in partnership with the Food Processing Suppliers Association (FPSA). Nearly all graduates from the Indianapolis campus are now employed in the food processing sector.
The FIT program, requiring prior completion of the Electrical and Electronic Systems Technology (EEST) program, addresses the urgent need for skilled technicians in a growing industry. Graduates can expect competitive salaries and benefits, with significant demand projected for the next decade.
Lincoln Educational Services Corporation (Nasdaq: LINC) announced its participation in the Lytham Partners Summer 2021 Investor Conference on June 15, 2021, at 9:30am EDT. CEO Scott Shaw and CFO Brian Meyers will present, highlighting how the company addresses the nation's skills gap with specialized technical training. Investors can arrange one-on-one meetings from June 14-16. A webcast will be available on Lincoln's website, and archived for future viewing. The company aims to bolster shareholder value and meet the urgent demand for skilled workers in various industries.
Lincoln Educational Services Corporation reported strong Q1 2021 results, with revenues up 11.4% to $78.0 million and a net income of $4.5 million, compared to a net loss of $1.8 million in Q1 2020. New student starts increased 30.6%, adding around 800 students. The Transportation and Skilled Trades Segment saw a revenue rise of 13.5%. The company raised its 2021 EBITDA guidance by $3 million and reaffirmed revenue growth of 7% to 12%.
Lincoln Educational Services Corporation (NASDAQ: LINC) is celebrating 75 years in specialized technical training as students from its Mahwah, NJ campus collaborate with NASA to produce hardware components for the International Space Station. Under the NASA HUNCH program, students are manufacturing IVA handrails, critical for crew safety in zero-gravity. This partnership enables hands-on experience with computerized manufacturing while adhering to NASA specifications, positioning students for potential career paths in manufacturing.
Lincoln Educational Services Corporation (Nasdaq: LINC) will present at the Sidoti and Company’s Microcap Virtual Investor Conference on May 19, 2021, at 8:30 AM EDT. CEO Scott Shaw will discuss the company's first quarter operational performance and future strategies to address the skills gap in the U.S. Mr. Shaw will also conduct virtual one-on-one meetings on May 19 and 20 for interested investors. The live presentation and archived replay can be accessed through Lincoln's website under the Investor Relations section.
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