Lincoln Edl Svcs Corp Stock Price, News & Analysis

Lincoln Educational Services (Nasdaq: LINC) has announced a significant expansion of its credit facility with Fifth Third Bank. The company has increased its aggregate principal borrowing amount from $40 million to $60 million, while extending the maturity date to March 7, 2028.

The amendment also includes an expansion of the accordion feature from $20 million to $25 million. This enhanced financial flexibility aims to support the company's growth initiatives and long-term operating objectives. The increased liquidity, combined with what the company describes as a robust balance sheet, positions Lincoln Educational Services to pursue strategic investments and growth opportunities.

Lincoln Educational Services (NASDAQ: LINC) reported strong Q4 and full-year 2024 results, with significant growth across key metrics. Q4 revenue increased 16.4% to $119.4 million, with student starts up 9.6% and quarter-end population rising 14.1%. The company achieved net income of $6.8 million and adjusted EBITDA of $19.2 million.

Full-year 2024 performance showed revenue growth of 16.4% to $440.1 million, with student starts up 15.2%. The company maintained strong financial position with nearly $100 million in total liquidity and no debt. Recent developments include a new campus lease in Hicksville, NY, and completion of the Summerlin, Las Vegas campus sale.

Looking ahead, Lincoln has established growth-focused guidance for 2025, targeting approximately $550 million in revenue and $90 million in adjusted EBITDA by 2027. The company is expanding through new campus developments in Nashville, Levittown, Houston, and Hicksville, while implementing its hybrid teaching platform, Lincoln 10.0.

Lincoln Educational Services (LINC) has announced its upcoming fourth quarter and year-end 2024 financial results conference call, scheduled for Monday, February 24, 2025, at 10:00 a.m. Eastern time. The company will release its financial results news before 9:30 a.m. Eastern time on the same day.

The conference call will be accessible via webcast through Lincoln's investor relations website, with an archived version available for 90 days. Participants can also join via teleconference through a registration system that provides a personalized PIN for access.

Lincoln is a leading post-secondary education provider offering career-oriented programs across five main areas: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. The company operates 21 campuses across 12 states under four brands: Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute, and Nashville Auto Diesel College.

Lincoln Educational Services (NASDAQ: LINC) has announced the signing of a lease for a new campus in Hicksville, New York, marking its second location in New York and 11th in the tri-state area. The 65,000 square-foot training center, set to open in late 2026, will offer specialized career training in automotive, welding, HVAC, and electrical/electronics fields.

The expansion follows the successful launch of Lincoln's East Point, Georgia campus, which achieved profitability within its first year. The Hicksville facility will complement Lincoln's Queens automotive campus and address the projected demand for 54,000 automotive technicians in New York by 2030. The company plans to implement similar strategies that proved successful at the East Point location, focusing on state-of-the-art facilities and modern equipment.

Lincoln Educational Services (NASDAQ: LINC) celebrated the graduation of eight technicians from its specialized Johnson Controls International (JCI) Academy program at the Denver campus. This marks the first graduating class from the Denver location, adding to the program's success since 2018, which has placed over 500 graduates in JCI positions nationwide.

The six-week intensive program, designed to address the skilled labor gap, provides hands-on training in security and fire installation services. The graduates will take positions at JCI branches across seven states. The program includes on-site housing, relocation support, and one-year retention coaching post-graduation. According to the U.S. Department of Labor, over 800,000 positions for electricians and electronic systems technicians are projected to open nationwide by 2033.

Lincoln Educational Services announced its participation in the 16th Annual Southwest IDEAS Investor Conference in Dallas on November 21-22, 2024. CEO Scott Shaw will present the company's recent performance, highlighting Q3 results including 15% revenue growth, 21.1% increase in student starts, and 67% growth in adjusted EBITDA year-over-year. The presentation will showcase the company's growth initiatives, including new campus development and program expansion, capitalizing on increasing interest in skilled trades training as an alternative to traditional college education.

Lincoln Educational Services reported strong Q3 2024 results with revenue increasing 15.0% to $114.4 million. Student starts grew 21.1%, with quarter-end student population rising 13.3%. The company achieved net income of $4.0 million and adjusted EBITDA of $10.2 million. The new East Point, Georgia campus outperformed expectations, enrolling approximately 600 students and generating $5.0 million in revenue. Based on strong performance, Lincoln raised its 2024 guidance, projecting revenue of $430-$435 million and adjusted EBITDA of $41-$43 million. The company maintains strong liquidity exceeding $90 million with no debt outstanding.

Lincoln Educational Services (NASDAQ: LINC) announced that its partnership with Johnson Controls has led to over 500 job placements for skilled building trade graduates since 2018. Recent recruiting events resulted in more than 100 job offers to Lincoln Tech students. The partnership boasts a 90%+ retention rate for direct hires. The companies aim to hire 300 additional technicians in 2025. The collaboration includes the JCI Academy, a six-week intensive training program available at Denver and Columbia campuses, focusing on security installation and fire services systems. Johnson Controls covers tuition, housing, and relocation expenses for eligible students.

Lincoln Educational Services (NASDAQ: LINC) announced that two of its Board members, Anna Cabral and Marta Newhart, have been named to Board Prospect Magazine's Top 100 Latino Board Members list during Hispanic Heritage Month. Cabral, former U.S. Treasurer under President George W. Bush, led financial education initiatives for underserved populations and served at the Inter-American Development Bank. Newhart, currently Senior Advisor at APCO Worldwide's International Advisory Council, brings global expertise in marketing, communications, and brand management from roles at Westinghouse Electric Company and other organizations.