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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.
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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.
Lincoln Educational Services Corporation (Nasdaq: LINC) will present at the Sidoti and Company’s Microcap Virtual Investor Conference on May 19, 2021, at 8:30 AM EDT. CEO Scott Shaw will discuss the company's first quarter operational performance and future strategies to address the skills gap in the U.S. Mr. Shaw will also conduct virtual one-on-one meetings on May 19 and 20 for interested investors. The live presentation and archived replay can be accessed through Lincoln's website under the Investor Relations section.
Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call on May 10, 2021, at 10:00 a.m. Eastern to discuss its first quarter financial results. A news release detailing these results will be available before 9:30 a.m. the same day. Interested parties can access the live webcast via Lincoln's investor relations website or participate by dialing the provided numbers. An archived version of the webcast will be available for 90 days, and a replay of the call for seven days.
Lincoln Educational Services Corporation (NASDAQ: LINC) is launching a new Medical Assistant program at its Indianapolis campus on May 24. This initiative aims to bridge the projected gap of over 20,000 healthcare openings in Indiana, contributing to more than 900,000 vacancies nationwide by 2029. Students in the program will complete approximately 880 instructional hours and participate in internships. Graduates will be eligible for the Registered Medical Assistant exam and can pursue various healthcare roles, enhancing career opportunities in a critical industry.
Lincoln Educational Services Corporation (NASDAQ: LINC) has announced the relocation of its corporate office to 14 Sylvan Way, Parsippany, NJ, effective April 1. This move is aimed at adapting to pandemic-related changes and is expected to yield significant cost savings of approximately $20,000 per month due to a smaller office space. The new location offers a LEED Gold Certified Class A environment, enhancing operational flexibility. The shift follows a successful transition to a virtual workspace during the COVID-19 crisis, maintaining support for 22 campuses nationwide.
Lincoln Educational Services Corporation (NASDAQ: LINC) will celebrate its 75th anniversary in 2021. President and CEO Scott Shaw will speak at the Social Innovation Summit on March 17, discussing significant shifts in education technology due to COVID-19. Shaw highlighted the rapid transition to a hybrid learning model at Lincoln Tech, which received positive feedback from students. The focus remains on enhancing student outcomes across essential career fields, including healthcare and skilled trades, as the nation recovers from the pandemic.