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.
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Lincoln Educational Services Corporation (LINC) has entered into a sale-leaseback agreement for its property in Levittown, PA, for $11 million. The 90,000 square foot facility will be the future home of Lincoln Tech’s Philadelphia campus, offering additional career training programs and accommodating more students. The company expects to invest approximately $15 million in the buildout of new classrooms and training areas. The new campus is expected to begin offering classes in the second half of 2025, with triple the capacity of the current campus.
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End-of-Day
2.57%
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Lincoln Educational Services Corporation appoints Cory Hughes to Maryland Governor’s Workforce Development Board. The Board aims to develop a skilled workforce for Maryland employers. Hughes' role will focus on identifying, hiring, and retaining talent for businesses across the state. Lincoln Tech's Columbia campus, under Hughes' leadership, provides career training for various industries, with high job placement rates for graduates.
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End-of-Day
1.07%
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Lincoln Educational Services Corporation (Nasdaq: LINC) reported strong financial results for the third quarter of 2023. Revenue grew by 10.5% to $99.5 million, and new student starts increased by 7.1%. The company achieved adjusted EBITDA of $6.1 million and earnings per share of $0.07. Lincoln also announced strategic growth plans, including a new Houston campus and the relocation and expansion of Nashville and Philadelphia campuses. The company raised its outlook for full-year revenue, student starts, and adjusted net income. Lincoln's strong balance sheet and cash flow from operations enable it to make these investments while remaining debt-free.
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8.82%
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Lincoln Educational Services Corporation announces expansion into Houston, TX and relocation of Nashville, TN campus. The new Houston facility will offer career training programs in auto, diesel, welding, HVAC, and electrical fields. The Nashville campus will expand skilled trades training and include partnership training programs. Both locations aim to address the skills gap and provide opportunities for students in high-demand industries.
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-0.23%
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Lincoln Educational Services Corporation (Nasdaq: LINC) will host a conference call to discuss its Q3 financial results on November 6, 2023. A news release will be issued before 9:30 a.m. Eastern time on that day. Participants can access the live webcast or register via teleconference.
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-0.24%
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Lincoln Educational Services Corporation purchases a new property in Levittown, PA for $10 million and plans to invest $12 million in building new classrooms and training areas. They also plan to sell the property and enter into a leaseback agreement. The new campus is expected to open in Q1 2025 and accommodate approximately 600 students, providing educational opportunities for students from Philadelphia, Pennsylvania, and New Jersey. The expansion into welding, HVAC, and electrical fields is expected to meet the increasing demand from employers in these industries. With over 90,000 projected job openings in these fields across Pennsylvania by 2031, the new programs will offer more career opportunities for students.
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0.69%
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Lincoln Educational Services Corp (Nasdaq: LINC) President and CEO, Scott Shaw, to provide an overview of the company's recent progress and operating momentum at Sidoti Virtual Investor Conference on September 20th. Management will discuss strategic goals and highlight recent quarterly performance.
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-1.17%
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Lincoln Educational Services expands START program with Tesla to its Columbia campus, offering EV training to Automotive graduates. First class begins on August 28th.
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-2.62%
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Lincoln Educational Services Corporation announces the graduation of its 25th class of Hussmann technicians, with nearly 250 students transitioning directly into HVAC/R careers with the company. The program's success demonstrates the valuable partnership between Lincoln Tech and Hussmann. Graduates are hired as full-time technicians and the program covers all expenses. The U.S. Department of Labor projects over 40,000 annual openings for skilled HVAC/R technicians.
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0.69%
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Lincoln Educational Services Corporation announces Q2 2023 financial results and recent business developments. Revenue grew 9.8% to $88.2 million. New student starts increased 17.9%. Adjusted EBITDA of $2.4 million. Total liquidity of $95 million; No debt outstanding. Raising outlook for revenues and earnings for the full year and refining outlook for start growth to the upper end of previous range.
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Rhea-AI Sentiment
End-of-Day
19.58%
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Lincoln Educational Services
Nasdaq:LINC
LINC Rankings
LINC Stock Data
353.14M
24.54M
8.03%
76.95%
0.81%
Colleges, Universities, and Professional Schools
Educational Services
United States of America
PARSIPPANY
About LINC
lincoln tech is one of the nation’s most established networks of career training schools. since 1946, lincoln schools around the country have helped more than a quarter-million graduates launch hands-on careers in the automotive, diesel, healthcare, culinary, hospitality, and it industries, as well as in the skilled trades including welding, computerized manufacturing, hvac, electrical and electronics. lincoln currently has campuses in 14 states, under the brands lincoln technical institute, lincoln college of technology, lincoln culinary institute, euphoria institute of beauty arts and sciences, and lincoln college of new england.