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) announced key presentations at two investor conferences during the week of November 16, 2020. CEO Scott Shaw and CFO Brian Meyers will discuss the company's recent performance, including a 15% increase in student starts during Q3 2020, marking two consecutive quarters of double-digit growth. The presentations will take place at the Investor Summit Group's Virtual Fall Summit on November 17 and the Sidoti Virtual Microcap Conference on November 19. Investors can access live streams and archived presentations through the company's website.
Lincoln Educational Services Corporation (NASDAQ:LINC) is set to present at the virtual Fall Investor Summit from November 16-18, 2020. Established for nearly 75 years, LINC focuses on facilitating economic mobility through hands-on career education in transportation, skilled trades, and healthcare. The summit will connect 75 companies with over 300 institutional and retail investors. Lincoln's enrollment has consistently increased for 10 quarters, positioning the company to thrive in the current economic climate while addressing America's Skills Gap.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced that Steven Midkiff, a graduate from their Grand Prairie, TX campus, has been honored as the Veteran Graduate of the Year by Career Colleges & Schools of Texas (CCST). This is the inaugural year for the award, with Midkiff recognized among over 600 candidates for his exemplary performance and contributions in his field. He is a U.S. Navy veteran who transitioned to become a business owner, operating Kiva Fabrication, which focuses on quality services and fair wages. The accolade emphasizes the importance of veteran graduates in technical education.
Lincoln Educational Services Corporation reported strong financial results for Q3 2020, with an 8.5% revenue growth to $78.8 million, compared to $72.6 million in Q3 2019. The net income more than doubled to $3.5 million, driven by a 15.3% increase in student starts and improved EBITDA of $5.6 million. Operating income surged 79.2% to $3.8 million. Despite challenges from the COVID-19 pandemic, the company experienced a 36.3% increase in EBITDA. Additionally, Lincoln received $27.4 million in CARES Act funds to support students during disruptions.
Lincoln Educational Services Corporation (NASDAQ: LINC) has reported a remarkable 90% placement rate for graduates of its specialized Transport Refrigeration program at the South Plainfield, NJ campus, according to 2019-2020 data from the Accrediting Commission of Career Schools and Colleges. The program is essential for maintaining the refrigeration of goods in transit and is linked to strong partnerships with key employers like Thermo King East. The demand for technicians is expected to rise with the impending COVID-19 vaccine distribution, highlighting the program's relevance and the career resilience of its graduates.
Lincoln Educational Services Corporation (Nasdaq: LINC) reported a 15% increase in total student starts for Q3 2020 compared to Q3 2019. The growth was driven by a 17% rise in the Transportation and Skilled Trades Segment, and an 11% increase in the Healthcare segment. CEO Scott Shaw highlighted successful implementation of on-site instruction and distance learning, enhancing operational efficiencies. Financial results for Q3 will be released on November 11, 2020, followed by a conference call at 10 a.m. ET.
Lincoln Educational Services Corporation (Nasdaq: LINC) announced that CEO Scott Shaw will present at the Lytham Partners Virtual Investor Conference on October 6, 2020, at 10:00am EDT. Following the presentation, a Fireside Chat will be held with investors. The next day, Mr. Shaw will conduct virtual one-on-one meetings with interested investors. Shaw emphasized the company's commitment to addressing the skills gap in the U.S. workforce and the growing demand for trained workers across various sectors.
Lincoln Educational Services Corporation (Nasdaq: LINC) announced its participation in the Colliers Institutional Investor Conference on September 10, 2020. CEO Scott Shaw and CFO Brian Meyers will present an overview of the company's progress and achievements. Shaw emphasized Lincoln's role in addressing the skills gap exacerbated by rising unemployment rates, positioning the company as a key player in facilitating career transitions into essential fields. The event will include virtual meetings between Lincoln executives and investors.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced that Zacharey Smith, a 2015 graduate from the Denver campus, has been named Outstanding Graduate of the Year by ACCSC. Smith operates Best Mobile Auto & Diesel, offering mobile mechanic services in Denver. His business gained acclaim by servicing over 150,000 vehicles, including contracts with Uber. The recognition highlights Smith's academic achievements and his contribution to Lincoln's students through mentorship and internship programs. Lincoln Tech continues to provide diverse career-oriented education across various sectors.
Lincoln Educational Services Corporation (Nasdaq: LINC) will showcase its recent achievements and progress at the Barrington Research Virtual Fall Investor Conference on September 9, 2020. Executives Scott Shaw and Brian Meyers will lead the discussion, emphasizing the company’s role in addressing the skills gap amid rising unemployment. Shaw noted Lincoln's potential to equip Americans with essential skills for new careers in growing fields, underlining a commitment to enhancing shareholder value.
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