Lincoln Edl Svcs Corp Stock Price, News & Analysis

Lincoln Educational Services has launched the Mazda Automotive Student Training (MAST) program at its Union, NJ campus to address the rising demand for automotive technicians. This initiative, marked by a celebration on October 5, offers students added career skills specific to Mazda technologies. Benefits include career placement, mentorships with Mazda experts, tool discounts, and up to $15,000 in tuition reimbursement. According to the U.S. Department of Labor, over 55,000 automotive technician openings are projected in New Jersey and New York by 2028.

Lincoln Educational Services Corporation has announced a strategic sale-leaseback for its campuses in Denver, CO and Grand Prairie, TX, alongside plans to sell and relocate its Nashville, TN campus. These transactions are expected to generate $81 million, enhancing the company’s financial stability. The Denver and Grand Prairie properties will be sold for $46.5 million, while the Nashville campus is set for $34.5 million. Proceeds will be invested in a new Nashville facility and growth initiatives, with anticipated savings from debt repayment and operational efficiencies.

Lincoln Educational Services Corporation (NASDAQ: LINC) celebrates 75 years of specialized training. Ken Young, an Automotive Technology instructor, will receive the Commitment to Education Award from the Accreditation Commission of Career Schools and Colleges (ACCSC) at the upcoming Professional Development Conference. Young has taught at Lincoln Tech's Melrose Park campus for over 26 years, positively impacting hundreds of students. The award recognizes instructors who significantly contribute to their school’s mission and community.

Lincoln Educational Services Corporation (NASDAQ: LINC) announced the awarding of $5,000 scholarships to two Melrose Park campus students, Derek Deddo and Erick Poole, as part of Pep Boys' 100th anniversary celebration. This initiative, which includes $100,000 in total scholarships, aims to address the technician shortage in the automotive industry. Deddo highlighted the scholarship's significance, allowing him to pursue an Associate Degree in Automotive Service Management while gaining work experience and ASE certification opportunities through Pep Boys.

Lincoln Educational Services Corporation (LINC) reported robust financial results for Q2 2021, with revenue rising 28.8% to $80.5 million and net income improving to $2.4 million. Student starts grew 8.0% (19.1% adjusted for COVID-19 delays), while the ending student population increased by 11.0% to 12,860. Operating income reached $3.5 million, up from $1.2 million. The company has refined its full-year guidance, anticipating annual revenue growth of 9% to 12% and adjusted EBITDA between $34 million and $37 million, exceeding prior estimates. A conference call is scheduled for 10 a.m. ET.

Lincoln Educational Services Corporation (NASDAQ: LINC) has appointed Felecia J. Pryor to its Board of Directors, enhancing its leadership team. Ms. Pryor brings over 20 years of corporate experience, focusing on talent acquisition and strategic planning. Her role also includes serving on the Board's Compensation Committee. Board Chairman J. Barry Morrow emphasized her significant skill set, which will aid in attracting top talent and supporting Lincoln's long-term growth strategy.

Lincoln Educational Services Corporation (Nasdaq: LINC) has announced a conference call to discuss its second quarter financial results scheduled for August 9, 2021, at 10:00 a.m. Eastern time. A news release detailing these financial results will be available before 9:30 a.m. on the same day. Interested participants can access the live call via Lincoln's website or by dialing in with the provided codes. An archive of the webcast will be accessible for 90 days following the event.

Lincoln Educational Services Corporation (NASDAQ: LINC) is launching the Mazda Automotive Student Training (MAST) program at its Columbia, MD campus to meet the growing demand for automotive technicians. Starting July 14, 2021, this program will offer students specialized training in Mazda technologies, mentorship opportunities, and potential tuition reimbursements up to $15,000. With an expected 15,000 openings for automotive technicians in Maryland by 2028 and 740,000 nationally, this initiative aims to benefit both students and local Mazda dealerships.