Lincoln Edl Svcs Corp Stock Price, News & Analysis

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.

Lincoln Educational Services Corporation (LINC) reported Q3 2021 results with a 13% revenue increase to $89.1 million compared to last year. Operating income rose 49.6% to $5.7 million, and adjusted EBITDA improved to $8.4 million. Despite a slight decline in student starts to 5,430, the total student population grew 6.4% to 14,000. The company completed a $46.5 million sale-leaseback transaction, enhancing its financial position. Full-year guidance was refined, expecting revenue growth of 12% to 14%.

Lincoln Educational Services Corporation announces the opening of the Republic Services Technical Institute in Dallas, TX, marking its first dedicated diesel training facility. This initiative addresses a projected 280,000 technician shortage by 2030, as highlighted by the USDOL. The 12-week program offers in-demand skills and job opportunities at Republic Services’ locations nationwide. Operational since September, the facility is part of a collaboration aimed at bridging the skills gap in the diesel industry, with Texas expected to see a 14% job growth in this sector.

Lincoln Educational Services Corporation (NASDAQ: LINC) has finalized the sale and lease-back of its properties in Denver, CO, and Grand Prairie, TX, for a total of $46.5 million. The company will enter into a 20-year triple-net lease for both properties, with renewal options. Lincoln expects to record a gain of approximately $22 million in Q4 2021 from this transaction. Proceeds will be used to pay off a $16.8 million term loan and cover closing costs, yielding $28.5 million for growth and facility upgrades, while all training programs will continue uninterrupted.

Lincoln Educational Services Corporation has partnered with Dave Kindig to establish the Kindig Academy at its Denver campus, set to launch in early 2022. This collaboration aims to address the high demand for skilled professionals in the custom vehicle design industry, offering students a unique certification in advanced techniques like specialty welding, custom fabrication, and painting. The program includes 240 instructional hours in 14 specialized topics, with an emphasis on foundational skills. The initiative responds to the projected need for over 130,000 new professionals in collision repair by 2028.

Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call on November 8, 2021, at 10:00 a.m. Eastern time to discuss its third-quarter financial results. A news release with detailed financial results will be available before 9:30 a.m. on the same day. Investors can access the call via the investor relations section of Lincoln's website or dial in directly. An archived version of the call will be available for 90 days.

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.