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 8, 2023, at 10:00 a.m. Eastern time to discuss its first quarter financial results. A press release with the financial results will be issued before 9:30 a.m. on the same day. Investors can access the live webcast through Lincoln's investor relations webpage or register via teleconference for an interactive experience. An archived version of the call will be available for 90 days post-event. Lincoln specializes in career-oriented education since 1946, operating 22 campuses across 14 states, providing programs in automotive technology, health sciences, skilled trades, business and information technology, and hospitality.
Lincoln Educational Services Corporation (NASDAQ: LINC) has appointed Cushman & Wakefield as its exclusive real estate services provider in the U.S. This strategic move aims to support Lincoln Tech's growth initiatives and real estate goals. Brian Meyers, CFO of Lincoln Tech, highlighted the importance of Cushman & Wakefield’s resources in expanding the company’s footprint. Currently operating 22 campuses across 14 states, Lincoln Tech focuses on filling the skills gap in key industries by offering career-oriented education and training in diverse fields such as automotive, health sciences, and information technology. The partnership is expected to enhance Lincoln’s market presence and deliver tailored real estate solutions.
Lincoln Educational Services Corporation (NASDAQ: LINC) has partnered with Peterbilt Motors Company to launch a diesel training program at its Nashville campus, set to begin this summer. This initiative aims to equip graduates with skills specific to Peterbilt technologies, enhancing their employability at over 420 Peterbilt dealerships nationwide. The 12-week program, fully funded by Peterbilt, boasts a hands-on curriculum covering various systems, preparing students for careers as factory-trained technicians. As demand for skilled technicians grows, Peterbilt aims to double its workforce by 2027, offering abundant opportunities for graduates. This partnership is part of Lincoln Tech's broader strategy to establish connections with leading employers across multiple industries.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced the appointment of Sylvia Jean Young to its Board of Directors. With over 35 years of experience in healthcare leadership, Young is expected to enhance the company's strategic initiatives, particularly in expanding nursing and allied health programs. She previously served as President and CEO of HCA Healthcare’s Continental Division, managing over 14,000 employees and generating $3.6 billion in revenues. Young has been recognized as a leader in healthcare and will serve on the Compensation Committee, further supporting Lincoln’s mission to become a leading career training organization.
Lincoln Educational Services Corporation (Nasdaq: LINC) reported a 4.5% increase in total revenue to $91.8 million for Q4 2022, with adjusted net income rising 20.7% to $9.9 million. The company anticipates modest revenue growth for 2023, projecting $345 million to $360 million. Student starts grew 2.4%, driven by a hybrid teaching model. The board extended a share repurchase program by $10 million, totaling $30.6 million available for repurchase until May 2024. Key challenges include higher instructional costs and increased capital expenditures to $35-$40 million for growth initiatives. Overall, adjusted EBITDA for 2023 is expected between $19 million and $24 million.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced a conference call scheduled for February 27, 2023, at 10:00 a.m. Eastern time to discuss its fourth-quarter and year-end financial results. A news release detailing these results will be published prior to the call at 9:30 a.m. Eastern time. Interested participants can access the live webcast through Lincoln's investor relations page or register for teleconference access, with personalized PINs provided upon registration. An archived version of the call will be available for 90 days thereafter.
Johnson Controls has launched the Johnson Controls Academy, a six-week training program aimed at addressing the skilled labor gap in the building technology sector. Based at Lincoln Tech's campus in Columbia, Maryland, the academy provides housing and relocation assistance to participants, helping them transition to employment at Johnson Controls locations across the U.S. Each year, the program seeks to onboard approximately 130 new technicians. The initiative is essential as the industry faces an expected 10,000 job openings annually over the next decade due to retiring professionals. Graduates are equipped with the necessary digital and technical skills for today’s job market.
Lincoln Educational Services Corporation (NASDAQ: LINC) announces the release of a new computerized manufacturing textbook, the 'CNC Programmer’s Guide,' authored by Rick Calverley, Director of Education at the Grand Prairie, TX campus. This is Calverley's second textbook, aiming to modernize CNC programming education with advanced techniques. Launched alongside a successful CNC training program since 2014, 90% of graduates from the Grand Prairie campus secured employment last year. The U.S. Department of Labor anticipates 147,000 new CNC machinist roles will arise across various industries, indicating strong demand for skilled graduates from Lincoln Tech.
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