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 (Nasdaq: LINC) will host a conference call on May 10, 2021, at 10:00 a.m. Eastern to discuss its first quarter financial results. A news release detailing these results will be available before 9:30 a.m. the same day. Interested parties can access the live webcast via Lincoln's investor relations website or participate by dialing the provided numbers. An archived version of the webcast will be available for 90 days, and a replay of the call for seven days.
Lincoln Educational Services Corporation (NASDAQ: LINC) is launching a new Medical Assistant program at its Indianapolis campus on May 24. This initiative aims to bridge the projected gap of over 20,000 healthcare openings in Indiana, contributing to more than 900,000 vacancies nationwide by 2029. Students in the program will complete approximately 880 instructional hours and participate in internships. Graduates will be eligible for the Registered Medical Assistant exam and can pursue various healthcare roles, enhancing career opportunities in a critical industry.
Lincoln Educational Services Corporation (NASDAQ: LINC) has announced the relocation of its corporate office to 14 Sylvan Way, Parsippany, NJ, effective April 1. This move is aimed at adapting to pandemic-related changes and is expected to yield significant cost savings of approximately $20,000 per month due to a smaller office space. The new location offers a LEED Gold Certified Class A environment, enhancing operational flexibility. The shift follows a successful transition to a virtual workspace during the COVID-19 crisis, maintaining support for 22 campuses nationwide.
Lincoln Educational Services Corporation (NASDAQ: LINC) will celebrate its 75th anniversary in 2021. President and CEO Scott Shaw will speak at the Social Innovation Summit on March 17, discussing significant shifts in education technology due to COVID-19. Shaw highlighted the rapid transition to a hybrid learning model at Lincoln Tech, which received positive feedback from students. The focus remains on enhancing student outcomes across essential career fields, including healthcare and skilled trades, as the nation recovers from the pandemic.
Lincoln Educational Services Corporation (NASDAQ: LINC) has launched a partnership program at its Denver campus with Groove Ford to create the Ford Automotive Career Exploration (ACE) program. This initiative will provide Lincoln Tech students with in-depth exposure to careers at Ford Motor Company, supported by funding from Ford. Students can earn up to 50% of Ford’s web-based training, enhancing their qualifications for careers with Ford dealerships. In 2020, over 90 graduates entered the Automotive Technology field, positioning them as advanced candidates for technician roles.
Lincoln Educational Services Corporation reported strong financial results for Q4 2020, with a 10.7% revenue growth to $81.8 million
Key metrics include a 15.0% rise in new student starts and 9.4% overall student population growth. Net income reached $46.0 million, boosted by a tax valuation allowance release of $35.9 million, leading to an EPS of $1.44. For 2021, the company anticipates 7% to 12% revenue growth and 5% to 10% student start growth.
Lincoln Educational Services Corporation (LINC) has announced a conference call to discuss its fourth quarter and year-end financial results on March 3, 2021, at 10:00 a.m. Eastern time. The results will be released prior to 9:30 a.m. on the same day. Investors can access the call via the Lincoln website or through a toll-free number. An archived version of the webcast will be available for 90 days and a replay for seven days after the event.
Lincoln Educational Services Corporation (NASDAQ: LINC) celebrates 75 years in technical training by awarding the Rebel Voices Scholarship to five students from its Melrose Park, IL campus. This scholarship, supported by the Magnus Charitable Trust, aims to relieve student debt and enhance career opportunities in fields like electronic systems and healthcare. The ceremony recognized Maria Gonzalez, Jorge Huinac-Perez, Vanessa Medrano-Zamora, Takeisha Williams, and Michel Zetina. The Magnus Trust's mission focuses on educational access for skilled trades amidst growing workforce demand.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced two students, Annika Rasband and Charles Moran, selected for full tuition reimbursement funded by Cummins Inc. at their Indianapolis campus. This initiative supports students in Diesel and Truck Technology, aligning with Cummins' ongoing commitment to technical education. The students, who maintained exemplary academic performance and community service, may also receive internships and a $2,000 toll allotment upon employment. By 2029, the U.S. is projected to need 250,000 diesel technicians, with significant demand in Indiana.
Lincoln Educational Services Corporation (Nasdaq: LINC) will present at the B. Riley Securities 2020 Education Services and Technology Conference on December 2 at 11:45 AM ET. CEO Scott Shaw and CFO Brian Meyers will discuss the company's recent performance, highlighting a 15% growth in student starts in Q3 2020. This growth reflects the effectiveness of their operational strategies and the increasing demand for technical training across their 22 campuses. Investors can schedule one-on-one meetings and access the live presentation online.
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