Lincoln Edl Svcs Corp Stock Price, News & Analysis

Lincoln Educational Services Corporation reported strong financial results for Q4 2020, with a 10.7% revenue growth to $81.8 million

Key metrics include a 15.0% rise in new student starts and 9.4% overall student population growth. Net income reached $46.0 million, boosted by a tax valuation allowance release of $35.9 million, leading to an EPS of $1.44. For 2021, the company anticipates 7% to 12% revenue growth and 5% to 10% student start growth.

Lincoln Educational Services Corporation (LINC) has announced a conference call to discuss its fourth quarter and year-end financial results on March 3, 2021, at 10:00 a.m. Eastern time. The results will be released prior to 9:30 a.m. on the same day. Investors can access the call via the Lincoln website or through a toll-free number. An archived version of the webcast will be available for 90 days and a replay for seven days after the event.

Lincoln Educational Services Corporation (NASDAQ: LINC) celebrates 75 years in technical training by awarding the Rebel Voices Scholarship to five students from its Melrose Park, IL campus. This scholarship, supported by the Magnus Charitable Trust, aims to relieve student debt and enhance career opportunities in fields like electronic systems and healthcare. The ceremony recognized Maria Gonzalez, Jorge Huinac-Perez, Vanessa Medrano-Zamora, Takeisha Williams, and Michel Zetina. The Magnus Trust's mission focuses on educational access for skilled trades amidst growing workforce demand.

Lincoln Educational Services Corporation (NASDAQ: LINC) announced two students, Annika Rasband and Charles Moran, selected for full tuition reimbursement funded by Cummins Inc. at their Indianapolis campus. This initiative supports students in Diesel and Truck Technology, aligning with Cummins' ongoing commitment to technical education. The students, who maintained exemplary academic performance and community service, may also receive internships and a $2,000 toll allotment upon employment. By 2029, the U.S. is projected to need 250,000 diesel technicians, with significant demand in Indiana.

Lincoln Educational Services Corporation (Nasdaq: LINC) will present at the B. Riley Securities 2020 Education Services and Technology Conference on December 2 at 11:45 AM ET. CEO Scott Shaw and CFO Brian Meyers will discuss the company's recent performance, highlighting a 15% growth in student starts in Q3 2020. This growth reflects the effectiveness of their operational strategies and the increasing demand for technical training across their 22 campuses. Investors can schedule one-on-one meetings and access the live presentation online.

Lincoln Educational Services Corporation (Nasdaq: LINC) announced key presentations at two investor conferences during the week of November 16, 2020. CEO Scott Shaw and CFO Brian Meyers will discuss the company's recent performance, including a 15% increase in student starts during Q3 2020, marking two consecutive quarters of double-digit growth. The presentations will take place at the Investor Summit Group's Virtual Fall Summit on November 17 and the Sidoti Virtual Microcap Conference on November 19. Investors can access live streams and archived presentations through the company's website.

Lincoln Educational Services Corporation (NASDAQ:LINC) is set to present at the virtual Fall Investor Summit from November 16-18, 2020. Established for nearly 75 years, LINC focuses on facilitating economic mobility through hands-on career education in transportation, skilled trades, and healthcare. The summit will connect 75 companies with over 300 institutional and retail investors. Lincoln's enrollment has consistently increased for 10 quarters, positioning the company to thrive in the current economic climate while addressing America's Skills Gap.

Lincoln Educational Services Corporation (NASDAQ: LINC) announced that Steven Midkiff, a graduate from their Grand Prairie, TX campus, has been honored as the Veteran Graduate of the Year by Career Colleges & Schools of Texas (CCST). This is the inaugural year for the award, with Midkiff recognized among over 600 candidates for his exemplary performance and contributions in his field. He is a U.S. Navy veteran who transitioned to become a business owner, operating Kiva Fabrication, which focuses on quality services and fair wages. The accolade emphasizes the importance of veteran graduates in technical education.

Lincoln Educational Services Corporation reported strong financial results for Q3 2020, with an 8.5% revenue growth to $78.8 million, compared to $72.6 million in Q3 2019. The net income more than doubled to $3.5 million, driven by a 15.3% increase in student starts and improved EBITDA of $5.6 million. Operating income surged 79.2% to $3.8 million. Despite challenges from the COVID-19 pandemic, the company experienced a 36.3% increase in EBITDA. Additionally, Lincoln received $27.4 million in CARES Act funds to support students during disruptions.