Welcome to our dedicated page for Lincoln Edl Svcs news (Ticker: LINC), a resource for investors and traders seeking the latest updates and insights on Lincoln Edl Svcs stock.
News about Lincoln Educational Services Corporation (Nasdaq: LINC) focuses on its role as a provider of career-oriented post-secondary education and specialized technical training. Company announcements regularly cover financial results, campus development, and program expansions that reflect demand for skilled labor in fields such as skilled trades, automotive, health sciences and information technology.
Investors and observers following LINC news will see recurring updates on quarterly earnings, student enrollment trends, and guidance communicated through press releases that are also furnished on Form 8-K. These items highlight metrics such as revenue growth, student starts and student population, as well as commentary from management on operating performance and growth plans.
Lincoln’s news flow also includes details on campus openings, relocations and expansions. Recent releases describe new or relocated campuses in markets including Nashville, Tennessee; Levittown, Pennsylvania; Houston, Texas; East Point, Georgia; and a planned campus in Rowlett, Texas, along with construction of a campus in Hicksville, New York. The company presents these developments as part of a broader campus expansion strategy in markets it characterizes as under-served for technical and skills training.
Program-related news highlights the introduction or return of specific training offerings, such as electrical and electronic systems technology at the South Plainfield, New Jersey campus and advanced manufacturing with robotics at the Mahwah, New Jersey campus. Other releases note external recognition, including campuses named among “America’s Top Vocational Schools” in a USA Today list.
This page aggregates such announcements so readers can review Lincoln Educational Services’ earnings releases, campus initiatives, program launches and recognition in one place. For those tracking LINC, the news stream provides context on how the company is positioning its technical education offerings and campus network over time.
Lincoln Educational Services (NASDAQ: LINC) reported strong Q4 and full-year 2024 results, with significant growth across key metrics. Q4 revenue increased 16.4% to $119.4 million, with student starts up 9.6% and quarter-end population rising 14.1%. The company achieved net income of $6.8 million and adjusted EBITDA of $19.2 million.
Full-year 2024 performance showed revenue growth of 16.4% to $440.1 million, with student starts up 15.2%. The company maintained strong financial position with nearly $100 million in total liquidity and no debt. Recent developments include a new campus lease in Hicksville, NY, and completion of the Summerlin, Las Vegas campus sale.
Looking ahead, Lincoln has established growth-focused guidance for 2025, targeting approximately $550 million in revenue and $90 million in adjusted EBITDA by 2027. The company is expanding through new campus developments in Nashville, Levittown, Houston, and Hicksville, while implementing its hybrid teaching platform, Lincoln 10.0.
Lincoln Educational Services (LINC) has announced its upcoming fourth quarter and year-end 2024 financial results conference call, scheduled for Monday, February 24, 2025, at 10:00 a.m. Eastern time. The company will release its financial results news before 9:30 a.m. Eastern time on the same day.
The conference call will be accessible via webcast through Lincoln's investor relations website, with an archived version available for 90 days. Participants can also join via teleconference through a registration system that provides a personalized PIN for access.
Lincoln is a leading post-secondary education provider offering career-oriented programs across five main areas: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. The company operates 21 campuses across 12 states under four brands: Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute, and Nashville Auto Diesel College.
Lincoln Educational Services (NASDAQ: LINC) has announced the signing of a lease for a new campus in Hicksville, New York, marking its second location in New York and 11th in the tri-state area. The 65,000 square-foot training center, set to open in late 2026, will offer specialized career training in automotive, welding, HVAC, and electrical/electronics fields.
The expansion follows the successful launch of Lincoln's East Point, Georgia campus, which achieved profitability within its first year. The Hicksville facility will complement Lincoln's Queens automotive campus and address the projected demand for 54,000 automotive technicians in New York by 2030. The company plans to implement similar strategies that proved successful at the East Point location, focusing on state-of-the-art facilities and modern equipment.
Lincoln Educational Services (NASDAQ: LINC) celebrated the graduation of eight technicians from its specialized Johnson Controls International (JCI) Academy program at the Denver campus. This marks the first graduating class from the Denver location, adding to the program's success since 2018, which has placed over 500 graduates in JCI positions nationwide.
The six-week intensive program, designed to address the skilled labor gap, provides hands-on training in security and fire installation services. The graduates will take positions at JCI branches across seven states. The program includes on-site housing, relocation support, and one-year retention coaching post-graduation. According to the U.S. Department of Labor, over 800,000 positions for electricians and electronic systems technicians are projected to open nationwide by 2033.
Lincoln Educational Services announced its participation in the 16th Annual Southwest IDEAS Investor Conference in Dallas on November 21-22, 2024. CEO Scott Shaw will present the company's recent performance, highlighting Q3 results including 15% revenue growth, 21.1% increase in student starts, and 67% growth in adjusted EBITDA year-over-year. The presentation will showcase the company's growth initiatives, including new campus development and program expansion, capitalizing on increasing interest in skilled trades training as an alternative to traditional college education.
Lincoln Educational Services reported strong Q3 2024 results with revenue increasing 15.0% to $114.4 million. Student starts grew 21.1%, with quarter-end student population rising 13.3%. The company achieved net income of $4.0 million and adjusted EBITDA of $10.2 million. The new East Point, Georgia campus outperformed expectations, enrolling approximately 600 students and generating $5.0 million in revenue. Based on strong performance, Lincoln raised its 2024 guidance, projecting revenue of $430-$435 million and adjusted EBITDA of $41-$43 million. The company maintains strong liquidity exceeding $90 million with no debt outstanding.
Lincoln Educational Services (NASDAQ: LINC) announced that its partnership with Johnson Controls has led to over 500 job placements for skilled building trade graduates since 2018. Recent recruiting events resulted in more than 100 job offers to Lincoln Tech students. The partnership boasts a 90%+ retention rate for direct hires. The companies aim to hire 300 additional technicians in 2025. The collaboration includes the JCI Academy, a six-week intensive training program available at Denver and Columbia campuses, focusing on security installation and fire services systems. Johnson Controls covers tuition, housing, and relocation expenses for eligible students.
Lincoln Educational Services (NASDAQ: LINC) announced that two of its Board members, Anna Cabral and Marta Newhart, have been named to Board Prospect Magazine's Top 100 Latino Board Members list during Hispanic Heritage Month. Cabral, former U.S. Treasurer under President George W. Bush, led financial education initiatives for underserved populations and served at the Inter-American Development Bank. Newhart, currently Senior Advisor at APCO Worldwide's International Advisory Council, brings global expertise in marketing, communications, and brand management from roles at Westinghouse Electric Company and other organizations.
Lincoln Educational Services (NASDAQ: LINC) has been named to Newsweek's America's Greatest Workplaces list for the second consecutive year. The recognition encompasses both the Parsippany, NJ headquarters and nationwide campuses, highlighting the company's excellence in employee satisfaction, company culture, and growth opportunities.
The achievement is particularly noteworthy amid national worker engagement reaching an 11-year low of 30% according to Gallup. The ranking was based on comprehensive employee surveys covering compensation, benefits, career progression, diversity, work-life balance, and company culture. The evaluation also considered the organization's online reputation and management reviews.
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.