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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) 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.
Lincoln Educational Services Corporation (NASDAQ: LINC) has resumed on-site instruction at its Euphoria Institute of Beauty Arts and Sciences in Las Vegas, NV, after transitioning to remote learning due to COVID-19 on March 17. The campus currently serves 429 enrolled students and plans to gradually increase operations while ensuring safety protocols. With over 9,000 projected job openings in Nevada by 2028 in cosmetology, now is an opportune time for students to complete their training and enter the workforce quickly.
Lincoln Educational Services Corporation (NASDAQ: LINC) has announced the re-opening of its Marietta, GA campus for limited on-site instruction after transitioning to remote learning on March 17 due to COVID-19. Currently, 280 students are enrolled, with over 91% in essential programs recognized by the U.S. Department of Homeland Security. The re-opening plan prioritizes health and safety and will gradually scale operations. The campus offers programs in electrical/electronic systems technology, HVAC, and medical assisting, catering to Georgia's growing job market.
Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call on May 13, 2020, at 10:00 a.m. ET to discuss its first quarter financial results. A news release with the detailed results will be available before 9:30 a.m. ET on the same day. Interested participants can access the live webcast via the investor relations section of Lincoln's website or by dialing in. An archived version of the webcast will be available for 90 days post-event.