Lincoln Edl Svcs Corp Stock Price, News & Analysis

Lincoln Educational Services (LINC) has announced its upcoming third quarter earnings conference call scheduled for November 11, 2024, at 10:00 a.m. Eastern time. The financial results will be released via news release before 9:30 a.m. Eastern time on the same day. The company will host both a webcast and teleconference for participants, with the webcast recording available for 90 days afterward. Lincoln operates 22 campuses across 13 states, offering career-oriented programs in automotive technology, health sciences, skilled trades, business and information technology, and hospitality services.

Lincoln Educational Services (NASDAQ: LINC) has partnered with Hyundai Motor America (HMA) & Genesis Motor America (GMA) to launch two new employer-specific training programs. These programs, the Hyundai Performance Institute Technician Student Program and the Genesis Technician Student Academy, will supplement Lincoln Tech's Automotive Service Technology programs at no additional cost to students.

The web-based training allows future technicians to begin their certification process before being hired at a dealership. With over 675,000 Automotive Technician positions projected to become available by 2032, these programs aim to help employers maintain a steady pipeline of trained applicants. Hyundai has donated vehicles and scan tools to support the program at several Lincoln Tech campuses.

This partnership is expected to accelerate the hiring process for Lincoln Tech graduates and provide Hyundai with technicians experienced in their specific technologies. The Automotive Service Technology program is available at multiple Lincoln Tech campuses across the United States.

The Lincoln Foundation for Education (LiFE) has received a generous donation from Matco Tools, a leading provider of tools and equipment for the auto, diesel, and collision repair industries. Matco Tools has committed to providing $100,000 annually through 2028 to benefit students attending Lincoln Technical Institute (LTI).

The funds will be used for scholarships and awards for both new and current LTI students in Automotive Service Technology, Diesel and Truck Service Technology, and Collision Repair and Refinishing Technology programs at 12 campuses. $90,000 will be allocated for need-based scholarships for new students, while $10,000 will be awarded to current students based on academic performance and skills-based competitions.

This donation aims to support students training for careers in transportation fields, where more than 1 million openings are projected nationwide by 2032. The partnership between Matco Tools and LiFE seeks to bridge the skills gap in the transportation industry and empower the next generation of technicians.

Lincoln Educational Services (NASDAQ: LINC) has announced the launch of HVAC Technology and Electrical and Electronic Systems Technology (EEST) career training programs at its Moorestown, NJ campus. This expansion aims to address the projected 30,000 job openings in these industries across New Jersey by 2032. The Moorestown campus, which has been offering healthcare and IT training for over a decade, will now provide six in-demand career fields for students.

The new HVAC program offers 1200 instructional hours and can be completed in about a year, focusing on commercial refrigeration, heating systems, and air conditioning. The EEST program follows a similar timeline, covering electrical and electronic systems for commercial and residential applications. Both programs emphasize hands-on training and prepare students for entry-level positions in their respective fields.

A grand opening event for the new training area is scheduled for September 27th, 2024, with attendance from Lincoln Tech executives, local politicians, and industry partners.

Lincoln Educational Services (LINC) announced its participation in the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12th, 2024. President and CEO Scott Shaw will meet with institutional investors to discuss the company's recent performance and growth strategy. Highlights include:

- Q2 revenue growth of 16.1%
- Student starts increase of 12.3%
- Adjusted EBITDA more than doubled compared to Q2 2023

The company aims to showcase its potential for increasing shareholder value through expansion of campuses and in-demand programs to meet the growing need for skilled workers in the U.S. economy.

Lincoln Educational Services (LINC) announced its participation in the Midwest IDEAS Conference in Chicago on August 28-29, 2024. President and CEO Scott Shaw will present on August 28th at 1:20pm CT, highlighting the company's strong business momentum and growth drivers. Key points include:

- Q2 2024 performance: 16.1% revenue growth, 12.3% increase in student starts, and doubled adjusted EBITDA compared to Q2 2023
- Transformation into an exceptional provider of education services meeting corporate and workforce needs
- Positioned to build on success and solid first-half performance
- Attracting new investors looking to capitalize on the U.S. skills gap

The presentation will be webcast through the company's investor relations website.

Lincoln Educational Services (Nasdaq: LINC) reported strong Q2 2024 results, with revenue growing 16.1% to $102.9 million and student starts increasing 12.3%. The company's quarter-end student population rose by 11.4%. Despite a net loss of $700,000, Adjusted EBITDA reached $6.2 million. Lincoln's new East Point, Georgia campus exceeded full-year student start expectations. The company maintains a strong financial position with over $100 million in total liquidity and no debt. Based on these results, Lincoln has raised its full-year revenue outlook and increased the lower end of its adjusted EBITDA, adjusted net income, and student starts guidance. The company is focusing on efficiency improvements, expanding its campus network, and developing corporate partnerships to capitalize on workforce development opportunities.

Lincoln Educational Services (Nasdaq: LINC) has announced its upcoming second quarter earnings release and conference call, scheduled for August 8, 2024. The company will issue a news release outlining its financial results before 9:30 a.m. Eastern time, followed by a conference call at 10:00 a.m. Eastern time. Investors can access the live webcast through Lincoln's investor relations website or register for the teleconference.

Lincoln Educational Services is a leading provider of career-oriented post-secondary education, offering programs in automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. The company operates 22 campuses across 13 states under four brands: Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences.

Lincoln Educational Services (NASDAQ: LINC) has added Marta Ronquillo Newhart and Anna Escobedo Cabral to its Board of Directors as of July 1, 2024. Both appointees bring extensive leadership experience and a strong commitment to education and the Latino community, which constitutes the largest segment of Lincoln Tech's student population.

Marta Ronquillo Newhart is currently the Chief Marketing, Communications & Brand Officer at APCO Worldwide and has previously held significant roles at Westinghouse and other major companies. She will also serve on the Board's Nominating and Corporate Governance Committee.

Anna Escobedo Cabral, a former Treasurer of the United States, brings a wealth of public service experience and currently serves on the board of Navient She will join the Board's Audit Committee.

Lincoln's leadership is optimistic that the new appointees will enhance the company's strategic direction and support its mission to be the leading career training organization in the country.