Welcome to our dedicated page for Lincoln Edl Svcs news (Ticker: LINC), a resource for investors and traders seeking the latest updates and insights on Lincoln Edl Svcs stock.
News about Lincoln Educational Services Corporation (Nasdaq: LINC) focuses on its role as a provider of career-oriented post-secondary education and specialized technical training. Company announcements regularly cover financial results, campus development, and program expansions that reflect demand for skilled labor in fields such as skilled trades, automotive, health sciences and information technology.
Investors and observers following LINC news will see recurring updates on quarterly earnings, student enrollment trends, and guidance communicated through press releases that are also furnished on Form 8-K. These items highlight metrics such as revenue growth, student starts and student population, as well as commentary from management on operating performance and growth plans.
Lincoln’s news flow also includes details on campus openings, relocations and expansions. Recent releases describe new or relocated campuses in markets including Nashville, Tennessee; Levittown, Pennsylvania; Houston, Texas; East Point, Georgia; and a planned campus in Rowlett, Texas, along with construction of a campus in Hicksville, New York. The company presents these developments as part of a broader campus expansion strategy in markets it characterizes as under-served for technical and skills training.
Program-related news highlights the introduction or return of specific training offerings, such as electrical and electronic systems technology at the South Plainfield, New Jersey campus and advanced manufacturing with robotics at the Mahwah, New Jersey campus. Other releases note external recognition, including campuses named among “America’s Top Vocational Schools” in a USA Today list.
This page aggregates such announcements so readers can review Lincoln Educational Services’ earnings releases, campus initiatives, program launches and recognition in one place. For those tracking LINC, the news stream provides context on how the company is positioning its technical education offerings and campus network over time.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced a new Dental Assisting training program commencing on March 14th at its Iselin, NJ campus, aiming to fill over 14,000 job openings in New Jersey. This new course adds to existing healthcare options including Medical Assisting and Practical Nursing. The program includes 960 instructional hours and an internship, preparing students for required national board exams. Graduates will benefit from Lincoln Tech’s Career Services to connect with potential employers.
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.
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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.