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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 has partnered with Ford Motor Company to launch a no-cost post-graduate Automotive Training program at its Indianapolis campus. This four-week program aims to equip Automotive Technology graduates with skills for mobile repair and maintenance services on Ford vehicles. Tuition is covered by Ford, which is also providing employment opportunities at over 200 dealerships offering mobile services. The initiative intends to expand Ford's mobile technician workforce to 1,100 units by the end of 2022, enhancing customer convenience and graduate employment prospects.
Lincoln Educational Services Corporation (Nasdaq: LINC) announced a conference call scheduled for May 9, 2022, at 10:00 a.m. Eastern time to discuss its first-quarter financial results. A news release detailing these results will be available before 9:30 a.m. on the same day. The call can be accessed via the company’s investor relations website or by phone. A recording of the call will be available for seven days following the event. Lincoln, established in 1946, provides career-oriented post-secondary education across various fields through its 22 campuses in 14 states.
Lincoln Educational Services Corporation (Nasdaq: LINC) reported robust results for Q4 and full-year 2021, exceeding financial guidance. Q4 revenue rose by 7.4% to $87.8 million, driven by a 6.3% increase in average student population. The company recorded a net income of $24 million and net cash of $83.3 million, a $62.5 million increase year-over-year. For 2022, Lincoln anticipates revenue between $350-$365 million and student start growth of 5%-10%. Additionally, the firm plans to relocate its Nashville campus and expand its operations, bolstering long-term growth prospects.
Lincoln Educational Services Corporation has announced that its Columbia, MD campus will resume regular class schedules on February 22, 2022, at 1 PM, following a minor fire incident. The fire, which occurred on February 20, originated from the solar panel grid's electrical system on the roof of an adjacent business. Fortunately, the fire did not spread to the Lincoln facility, which was unoccupied at the time, and there were no injuries reported. The Howard County Fire Department has approved the campus's safe return for students and staff.
Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call on February 28, 2022, at 10:00 a.m. ET to discuss its fourth quarter and year-end financial results. A news release will be issued before 9:30 a.m. ET on the same day. Interested parties can access the conference call via Lincoln's investor relations website or by phone. The call will be archived for 90 days online and available for replay for seven days by phone. Lincoln is a provider of career-oriented education with programs in health sciences, automotive, skilled trades, hospitality, and business.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced a new Dental Assisting training program commencing on March 14th at its Iselin, NJ campus, aiming to fill over 14,000 job openings in New Jersey. This new course adds to existing healthcare options including Medical Assisting and Practical Nursing. The program includes 960 instructional hours and an internship, preparing students for required national board exams. Graduates will benefit from Lincoln Tech’s Career Services to connect with potential employers.
Lincoln Educational Services Corporation has achieved accreditation for its welding program at the South Plainfield, NJ campus from the National Center for Construction Education & Research (NCCER). This accreditation recognizes that the program meets the high standards set by NCCER, enhancing students' employability in the construction industry. Campus President Jim Kuntz emphasized that this accreditation validates Lincoln’s commitment to preparing graduates for the workforce. The accreditation is valid for three years and supports Lincoln's mission of providing quality career training.
Lincoln Educational Services Corporation has reached a milestone by certifying its 36th instructor as a Certified Master HVAC/R Educator (CMHE). With this achievement, Lincoln leads in the number of CMHEs employed, making up over 25% of the total certified master educators in the HVAC sector. This credential, awarded by HVAC Excellence, reflects the rigorous standards met by Lincoln's educators, further solidifying its role in HVAC training as it approaches 75 years in service. The company continues to address the projected demand for HVAC technicians, with 385,000 job openings anticipated by 2030.
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