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Lincoln Educational Services - LINC STOCK NEWS

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.

News

Lincoln Educational Services Reports Results for Fourth Quarter and Full Year 2023

Rhea-AI Summary
Lincoln Educational Services Corporation (Nasdaq: LINC) reports strong financial growth in Q4 2023 and full year 2023, with revenue up 13.6% and 10.3% respectively. Recent business developments include new credit facility, campus expansions, and relocation projects.
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Lincoln Educational Services Announces New $40 Million Revolving Credit Facility Increasing Capital Resource Flexibility

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Lincoln Educational Services Corporation (LINC) secures a $40 million revolving credit facility with Fifth Third Bank to support growth initiatives and enhance financial flexibility. The agreement includes a $10 million sublimit for letters of credit and an option to increase the facility by $20 million. With a robust balance sheet and no debt, Lincoln aims to benefit students, graduates, instructors, corporate partners, and shareholders.
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Lincoln Educational Services Corporation Schedules Fourth Quarter and Year End 2023 Earnings Release and Conference Call

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Lincoln Educational Services Corporation (Nasdaq: LINC) will discuss its Q4 and year-end financial results in a conference call on February 26, 2024. The results will be released before the call at 9:30 a.m. Eastern time. Participants can access the webcast on Lincoln's website or register for the teleconference with a personalized PIN.
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Lincoln Educational Services Completes the Sale-Leaseback of Newly Acquired Levittown, PA Facility

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Lincoln Educational Services Corporation (LINC) has entered into a sale-leaseback agreement for its property in Levittown, PA, for $11 million. The 90,000 square foot facility will be the future home of Lincoln Tech’s Philadelphia campus, offering additional career training programs and accommodating more students. The company expects to invest approximately $15 million in the buildout of new classrooms and training areas. The new campus is expected to begin offering classes in the second half of 2025, with triple the capacity of the current campus.
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Lincoln Tech Campus President Appointed to Maryland State Workforce Development Board

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Lincoln Educational Services Corporation appoints Cory Hughes to Maryland Governor’s Workforce Development Board. The Board aims to develop a skilled workforce for Maryland employers. Hughes' role will focus on identifying, hiring, and retaining talent for businesses across the state. Lincoln Tech's Columbia campus, under Hughes' leadership, provides career training for various industries, with high job placement rates for graduates.
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Lincoln Educational Services Reports Continuing Growth in the Third Quarter with 10.5% Revenue Growth and a 7.1% Increase in Student Starts

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Lincoln Educational Services Corporation (Nasdaq: LINC) reported strong financial results for the third quarter of 2023. Revenue grew by 10.5% to $99.5 million, and new student starts increased by 7.1%. The company achieved adjusted EBITDA of $6.1 million and earnings per share of $0.07. Lincoln also announced strategic growth plans, including a new Houston campus and the relocation and expansion of Nashville and Philadelphia campuses. The company raised its outlook for full-year revenue, student starts, and adjusted net income. Lincoln's strong balance sheet and cash flow from operations enable it to make these investments while remaining debt-free.
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Lincoln Tech Announces Signing of Lease Agreements for Future Houston, TX Campus and New Location for Nashville, TN Campus

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Lincoln Educational Services Corporation announces expansion into Houston, TX and relocation of Nashville, TN campus. The new Houston facility will offer career training programs in auto, diesel, welding, HVAC, and electrical fields. The Nashville campus will expand skilled trades training and include partnership training programs. Both locations aim to address the skills gap and provide opportunities for students in high-demand industries.
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Lincoln Educational Services Corporation Schedules Third Quarter Earnings Release and Conference Call

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Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call to discuss its Q3 financial results on November 6, 2023. A news release will be issued before 9:30 a.m. Eastern time on that day. Participants can access the live webcast or register via teleconference.
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Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings

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Lincoln Educational Services Corporation purchases a new property in Levittown, PA for $10 million and plans to invest $12 million in building new classrooms and training areas. They also plan to sell the property and enter into a leaseback agreement. The new campus is expected to open in Q1 2025 and accommodate approximately 600 students, providing educational opportunities for students from Philadelphia, Pennsylvania, and New Jersey. The expansion into welding, HVAC, and electrical fields is expected to meet the increasing demand from employers in these industries. With over 90,000 projected job openings in these fields across Pennsylvania by 2031, the new programs will offer more career opportunities for students.
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Lincoln Educational Services to Highlight Recent Progress and Operating Momentum at the Sidoti September Virtual Investor Conference

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Lincoln Educational Services Corp (Nasdaq: LINC) President and CEO, Scott Shaw, to provide an overview of the company's recent progress and operating momentum at Sidoti Virtual Investor Conference on September 20th. Management will discuss strategic goals and highlight recent quarterly performance.
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FAQ

What is the current stock price of Lincoln Educational Services (LINC)?

The current stock price of Lincoln Educational Services (LINC) is $15.45 as of December 20, 2024.

What is the market cap of Lincoln Educational Services (LINC)?

The market cap of Lincoln Educational Services (LINC) is approximately 486.7M.

What programs does Lincoln Educational Services offer?

Lincoln offers career-oriented programs in automotive technology, healthcare, skilled trades, culinary, hospitality, and business and information technology.

How long has Lincoln Educational Services been in operation?

Lincoln has been providing specialized technical training since 1946.

What recent financial achievements has Lincoln Educational Services announced?

Lincoln announced entering into a $40 million revolving credit facility with Fifth Third Bank and reported significant revenue and EBITDA growth in Q4 2023.

Where are Lincoln Educational Services campuses located?

Lincoln operates 22 campuses in 13 states across the United States.

What is Lincoln’s recent partnership with CMC?

Lincoln entered a five-year, $6 million agreement with CMC to provide on-site employee training.

How is Lincoln Educational Services financially positioned?

Lincoln has a strong financial position with $80 million in cash reserves and no debt.

What are the future plans for Lincoln campuses?

Lincoln plans to expand and relocate campuses, including new facilities in Levittown, PA, and Houston, TX.

How does Lincoln support its students?

Lincoln provides hands-on training and education in high-demand fields, enhancing student outcomes and career readiness.

What brands operate under Lincoln Educational Services?

Lincoln operates under Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences.

Where can I find more information about Lincoln Educational Services?

For more information, visit Lincoln's official website at www.lincolntech.edu.

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Lincoln Educational Services

Nasdaq:LINC

LINC Rankings

#3123 Ranked by Market Cap
N/A Ranked by Dividends

LINC Stock Data

486.67M
29.08M
7.62%
67.18%
0.77%
Education & Training Services
Services-educational Services
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United States of America
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