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 that Gabriel Denison, a student from its New Britain, CT campus, has received a $10,000 Work Ethic Scholarship from the Mike Rowe Works Foundation. Denison, who is pursuing training in Heating, Ventilation and Air Conditioning (HVAC), was one of fewer than 200 recipients nationwide. The scholarship aims to support students in hands-on trades education, alleviating financial burdens. Lincoln Tech, a leader in career-oriented education, continues to empower students across diverse fields, including automotive technology and health sciences.
Lincoln Educational Services Corporation (Nasdaq: LINC) reported second-quarter 2020 results with revenues of $62.5 million, a 1.7% decline year-over-year. Student starts surged 15.2%, contributing to a 7.5% increase in ending student population. Despite the impact of COVID-19, EBITDA reached $3.0 million, while net income improved to $800,000, or $0.02 per diluted share. The company saw lower operating costs due to effective management strategies, and all campuses were gradually reopening. Lincoln received approximately $27.4 million from the CARES Act to support educational continuity.
Lincoln Educational Services Corporation (NASDAQ: LINC) announces the appointment of Carlton Rose and Dr. Michael Plater to its Board of Directors, following the retirement of Alvin "Bud" Austin. Rose, President of Global Fleet Maintenance at UPS, brings expertise in transportation, while Plater, with a robust educational background, aims to enhance Lincoln's mission of addressing the Skills Gap. Chairman Barry Morrow commended Austin for his contributions. The company, a leader in technical training, operates 22 campuses nationwide, offering programs across diverse fields.
Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call on August 11, 2020, at 10:00 a.m. Eastern time to discuss its second-quarter financial results. A news release detailing these results will be issued by 9:30 a.m. on the same day. Interested parties can access the live webcast via Lincoln's investor relations website or by dialing in, using the provided access code. An archived version of the webcast will be available for 90 days, while a replay of the call will be accessible for seven days.
Lincoln Educational Services Corporation (NASDAQ: LINC) has officially reopened its Queens, NY campus for on-site instruction as of August 3, 2020. This marks the return of all 22 Lincoln Tech campuses to normal operations, with safety measures like social distancing and face masks in place. Currently, around 380 students are enrolled, focusing on essential careers in automotive technology and electrical systems. The reopening aligns with the company's commitment to health and safety while ensuring effective education delivery through a blended learning format.
Lincoln Educational Services Corporation (NASDAQ: LINC) has received over $110,000 in new training equipment for its Diesel Technology program at the Denver campus, thanks to Terex Corporation's donation. This partnership aims to enhance career opportunities for students, featuring an internship program to place graduates in entry-level diesel technician positions across six states. The donation includes essential equipment like Cummins engines, addressing the demand for skilled technicians in Colorado and nearby areas.
Lincoln Educational Services Corporation (NASDAQ: LINC) reported that student attendance rates exceeded 90% during the second quarter, attributed to the effective use of technology platforms for remote learning amidst COVID-19 disruptions. With students receiving Lincoln-issued laptops, the organization was able to ensure continuity in education as campuses gradually reopened. The company plans to adopt a blended curriculum, combining on-campus hands-on training with remote instruction to enhance learning experiences for its students.
Lincoln Educational Services Corporation (NASDAQ: LINC) has appointed Jeremy Snepar as Entrepreneur in Residence, focusing on innovation in student acquisition, curriculum delivery, and job placement. Snepar, founder of the New York Code + Design Academy, has extensive experience in improving education outcomes and bridging skills gaps. His role aligns with Lincoln's strategic initiatives aimed at enhancing the value of career-oriented education. The company operates 22 campuses across 14 states, providing diverse post-secondary education in various fields since 1946.
Lincoln Educational Services Corporation (NASDAQ: LINC) has resumed on-site instruction at its Euphoria Institute of Beauty Arts and Sciences in Las Vegas, NV, after transitioning to remote learning due to COVID-19 on March 17. The campus currently serves 429 enrolled students and plans to gradually increase operations while ensuring safety protocols. With over 9,000 projected job openings in Nevada by 2028 in cosmetology, now is an opportune time for students to complete their training and enter the workforce quickly.
Lincoln Educational Services Corporation (NASDAQ: LINC) has announced the re-opening of its Marietta, GA campus for limited on-site instruction after transitioning to remote learning on March 17 due to COVID-19. Currently, 280 students are enrolled, with over 91% in essential programs recognized by the U.S. Department of Homeland Security. The re-opening plan prioritizes health and safety and will gradually scale operations. The campus offers programs in electrical/electronic systems technology, HVAC, and medical assisting, catering to Georgia's growing job market.
FAQ
What is the current stock price of Lincoln Educational Services (LINC)?
What is the market cap of Lincoln Educational Services (LINC)?
What programs does Lincoln Educational Services offer?
How long has Lincoln Educational Services been in operation?
What recent financial achievements has Lincoln Educational Services announced?
Where are Lincoln Educational Services campuses located?
What is Lincoln’s recent partnership with CMC?
How is Lincoln Educational Services financially positioned?
What are the future plans for Lincoln campuses?
How does Lincoln support its students?
What brands operate under Lincoln Educational Services?
Where can I find more information about Lincoln Educational Services?
