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Lincoln Educational Services reports on career-oriented post-secondary education for high school graduates and working adults, with programs in skilled trades, automotive technology, health sciences and information technology. The company operates campus-based schools under the Lincoln College of Technology, Lincoln Technical Institute and Nashville Auto Diesel College brands.
Company news commonly covers quarterly results, student starts and student population trends, tuition and campus operating performance, program replication, new-campus development, graduate placement themes, investor presentations and financing actions such as revolving credit facility amendments.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced that Angela Reppert received the ACCSC Commitment to Education Award for 2022. Serving as the President of the Allentown, PA campus since 2019, Reppert has been with the organization for nearly 30 years. Her leadership has emphasized student success and community service, contributing to a strong graduate employment rate. The Allentown campus, providing training in various fields like Medical Assisting and Computer Networking, has a history of serving the community since 1949, helping students to secure jobs in their respective fields.
Lincoln Educational Services Corporation (NASDAQ: LINC) has entered into a significant partnership with Tesla to create a Tesla training facility at its Denver campus. This initiative will provide students with industry-leading electric vehicle (EV) training at no cost, targeting future service technicians for Tesla. The 16-week program includes stipends and access to equipment and vehicles from Tesla. Graduates may have opportunities to work at Tesla service centers, addressing the projected need for over 690,000 skilled auto technicians in the U.S. by 2030.
Lincoln Educational Services Corporation (Nasdaq: LINC) will hold a conference call on August 8, 2022, at 10:00 a.m. Eastern Time to discuss its second quarter financial results. A news release with these results will be available before 9:30 a.m. on the same day. Interested participants can access the live webcast via Lincoln's investor relations page or register for the teleconference to receive a personalized dial-in number. The archived webcast will be available for 90 days after the event.
Lincoln Educational Services Corporation (NASDAQ: LINC) has announced plans for a new 55,000 square foot campus in the Atlanta area, aimed at addressing the country's skills gap. The campus, expected to enroll around 700 students, will focus on training in Auto Technology, HVAC, and other skilled trades. Projected to generate $20 million in revenue and $5 million in EBITDA within four years, this campus marks the first of five planned under a strategic growth initiative. The anticipated opening is set for Q3 2023, depending on regulatory approvals.
Lincoln Educational Services Corporation (NASDAQ: LINC) is launching a new series of weekend training courses at the Kindig Academy in Denver, starting July 23rd. These courses are designed for individuals with no prior experience, focusing on skills vital for the automotive customization industry. With a projected 150,000 job openings by 2030, these courses will aid students and hobbyists alike in exploring career opportunities. Each course offers 20 hours of hands-on instruction and culminates in a certificate of completion.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced its partnership with AkzoNobel Coatings to enhance its Collision Repair and Refinishing programs across its campuses in the U.S. This collaboration allows students to utilize AkzoNobel's premium Sikkens and Lesonal paint products, ensuring high-quality training. The partnership follows the launch of the Kindig Academy in Denver, CO, and aims to prepare students for a workforce with over 150,000 projected openings in collision repair by 2030.
Lincoln Educational Services Corporation (NASDAQ: LINC) has launched a podcast series, "Skills @ Work," to highlight career opportunities in essential hands-on industries. With job openings expected to exceed 1.1 million by 2032, this initiative aims to address the skills gap impacting various sectors, including manufacturing and IT. The first episodes cover computerized manufacturing and computer networking, with future topics including diesel technology. The podcasts, available on major platforms, feature insights from industry experts and graduates, encouraging skill development and job-seeking.
Lincoln Educational Services Corporation (Nasdaq: LINC) has authorized a share repurchase program of up to $30 million for its common stock, effective for twelve months. Management plans to execute the buyback through various methods, prioritizing acquisitions at prevailing market prices. This initiative reflects the Board's confidence in the company's growth strategy and aims to enhance shareholder value. The company will use cash reserves and operational funds for the repurchase, with shares canceled post-purchase to boost corporate flexibility.
Lincoln Educational Services Corporation (Nasdaq: LINC) announced that CEO Scott Shaw will participate in a fireside chat at the B. Riley Institutional Investor Conference on May 26, 2022, at 9:30am PDT. The discussion will cover the company's recent operational performance, including first-quarter results. Shaw emphasized the company's 75 years of success and a strong balance sheet as key advantages. The conference aims to connect institutional investors with company executives to explore investment opportunities.
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