Welcome to our dedicated page for Lincoln Educational Services news (Ticker: LINC), a resource for investors and traders seeking the latest updates and insights on Lincoln Educational Services stock.
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.
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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.
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Lincoln Educational Services has successfully launched the inaugural class of its Food Industry Technician (FIT) program in partnership with the Food Processing Suppliers Association (FPSA). Nearly all graduates from the Indianapolis campus are now employed in the food processing sector.
The FIT program, requiring prior completion of the Electrical and Electronic Systems Technology (EEST) program, addresses the urgent need for skilled technicians in a growing industry. Graduates can expect competitive salaries and benefits, with significant demand projected for the next decade.
Lincoln Educational Services Corporation (Nasdaq: LINC) announced its participation in the Lytham Partners Summer 2021 Investor Conference on June 15, 2021, at 9:30am EDT. CEO Scott Shaw and CFO Brian Meyers will present, highlighting how the company addresses the nation's skills gap with specialized technical training. Investors can arrange one-on-one meetings from June 14-16. A webcast will be available on Lincoln's website, and archived for future viewing. The company aims to bolster shareholder value and meet the urgent demand for skilled workers in various industries.
Lincoln Educational Services Corporation reported strong Q1 2021 results, with revenues up 11.4% to $78.0 million and a net income of $4.5 million, compared to a net loss of $1.8 million in Q1 2020. New student starts increased 30.6%, adding around 800 students. The Transportation and Skilled Trades Segment saw a revenue rise of 13.5%. The company raised its 2021 EBITDA guidance by $3 million and reaffirmed revenue growth of 7% to 12%.
Lincoln Educational Services Corporation (NASDAQ: LINC) is celebrating 75 years in specialized technical training as students from its Mahwah, NJ campus collaborate with NASA to produce hardware components for the International Space Station. Under the NASA HUNCH program, students are manufacturing IVA handrails, critical for crew safety in zero-gravity. This partnership enables hands-on experience with computerized manufacturing while adhering to NASA specifications, positioning students for potential career paths in manufacturing.