Lincoln Edl Svcs Corp Stock Price, News & Analysis

Lincoln Educational Services Corporation (NASDAQ: LINC) has partnered with AAA Northeast to offer complimentary auto safety check-ups at its Union, NJ campus, enhancing the driving experience ahead of the busy summer travel season. The event, scheduled for May 14, 2022, will allow students in Lincoln's Automotive Technology program to engage with the community while promoting vehicle safety. The partnership aims to address the increase in roadway fatalities and provide valuable insights on maintaining vehicle efficiency amidst rising gas prices.

Lincoln Educational Services Corporation (LINC) reported a revenue increase of 5.8% to $82.6 million in Q1 2022, compared to the prior year. Adjusted EBITDA fell to $2.4 million from $5.4 million. The average student population rose by 4.4%, but new student starts decreased slightly. Management reiterated its full-year guidance, expecting low double-digit start growth in Q2 2022. Significant challenges include wage inflation and a tight labor market. Strategies for growth include campus expansions and leveraging cash reserves of over $65 million.

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.