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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.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced that Zacharey Smith, a 2015 graduate from the Denver campus, has been named Outstanding Graduate of the Year by ACCSC. Smith operates Best Mobile Auto & Diesel, offering mobile mechanic services in Denver. His business gained acclaim by servicing over 150,000 vehicles, including contracts with Uber. The recognition highlights Smith's academic achievements and his contribution to Lincoln's students through mentorship and internship programs. Lincoln Tech continues to provide diverse career-oriented education across various sectors.
Lincoln Educational Services Corporation (Nasdaq: LINC) will showcase its recent achievements and progress at the Barrington Research Virtual Fall Investor Conference on September 9, 2020. Executives Scott Shaw and Brian Meyers will lead the discussion, emphasizing the company’s role in addressing the skills gap amid rising unemployment. Shaw noted Lincoln's potential to equip Americans with essential skills for new careers in growing fields, underlining a commitment to enhancing shareholder value.
Lincoln Educational Services Corporation (NASDAQ: LINC) announced that Gabriel Denison, a student from its New Britain, CT campus, has received a $10,000 Work Ethic Scholarship from the Mike Rowe Works Foundation. Denison, who is pursuing training in Heating, Ventilation and Air Conditioning (HVAC), was one of fewer than 200 recipients nationwide. The scholarship aims to support students in hands-on trades education, alleviating financial burdens. Lincoln Tech, a leader in career-oriented education, continues to empower students across diverse fields, including automotive technology and health sciences.
Lincoln Educational Services Corporation (Nasdaq: LINC) reported second-quarter 2020 results with revenues of $62.5 million, a 1.7% decline year-over-year. Student starts surged 15.2%, contributing to a 7.5% increase in ending student population. Despite the impact of COVID-19, EBITDA reached $3.0 million, while net income improved to $800,000, or $0.02 per diluted share. The company saw lower operating costs due to effective management strategies, and all campuses were gradually reopening. Lincoln received approximately $27.4 million from the CARES Act to support educational continuity.
Lincoln Educational Services Corporation (NASDAQ: LINC) announces the appointment of Carlton Rose and Dr. Michael Plater to its Board of Directors, following the retirement of Alvin "Bud" Austin. Rose, President of Global Fleet Maintenance at UPS, brings expertise in transportation, while Plater, with a robust educational background, aims to enhance Lincoln's mission of addressing the Skills Gap. Chairman Barry Morrow commended Austin for his contributions. The company, a leader in technical training, operates 22 campuses nationwide, offering programs across diverse fields.
Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call on August 11, 2020, at 10:00 a.m. Eastern time to discuss its second-quarter financial results. A news release detailing these results will be issued by 9:30 a.m. on the same day. Interested parties can access the live webcast via Lincoln's investor relations website or by dialing in, using the provided access code. An archived version of the webcast will be available for 90 days, while a replay of the call will be accessible for seven days.
Lincoln Educational Services Corporation (NASDAQ: LINC) has officially reopened its Queens, NY campus for on-site instruction as of August 3, 2020. This marks the return of all 22 Lincoln Tech campuses to normal operations, with safety measures like social distancing and face masks in place. Currently, around 380 students are enrolled, focusing on essential careers in automotive technology and electrical systems. The reopening aligns with the company's commitment to health and safety while ensuring effective education delivery through a blended learning format.
Lincoln Educational Services Corporation (NASDAQ: LINC) has received over $110,000 in new training equipment for its Diesel Technology program at the Denver campus, thanks to Terex Corporation's donation. This partnership aims to enhance career opportunities for students, featuring an internship program to place graduates in entry-level diesel technician positions across six states. The donation includes essential equipment like Cummins engines, addressing the demand for skilled technicians in Colorado and nearby areas.
Lincoln Educational Services Corporation (NASDAQ: LINC) reported that student attendance rates exceeded 90% during the second quarter, attributed to the effective use of technology platforms for remote learning amidst COVID-19 disruptions. With students receiving Lincoln-issued laptops, the organization was able to ensure continuity in education as campuses gradually reopened. The company plans to adopt a blended curriculum, combining on-campus hands-on training with remote instruction to enhance learning experiences for its students.
Lincoln Educational Services Corporation (NASDAQ: LINC) has appointed Jeremy Snepar as Entrepreneur in Residence, focusing on innovation in student acquisition, curriculum delivery, and job placement. Snepar, founder of the New York Code + Design Academy, has extensive experience in improving education outcomes and bridging skills gaps. His role aligns with Lincoln's strategic initiatives aimed at enhancing the value of career-oriented education. The company operates 22 campuses across 14 states, providing diverse post-secondary education in various fields since 1946.