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.
Lincoln Educational Services Corporation (LINC) delivers career-focused technical training through programs in automotive technology, healthcare, and skilled trades. This news hub provides investors and industry observers with essential updates about the NASDAQ-listed education provider.
Access real-time announcements covering quarterly results, campus expansions, corporate partnerships, and curriculum developments. Our repository consolidates press releases and market-moving news related to LINC's workforce development initiatives across 22+ campuses.
Key updates include program launches in high-demand fields, accreditation milestones, and strategic collaborations with employers. Track the company's progress in addressing America's skills gap through hands-on training models refined since 1946.
Bookmark this page for streamlined access to operational updates, regulatory filings, and leadership announcements. Check regularly for insights into LINC's role in shaping vocational education for automotive technicians, healthcare support staff, and IT professionals.
Lincoln Educational Services (LINC) extends its share repurchase program until May 24, 2025, with $29.7 million still available for repurchases. The program, initially at $30 million, was increased to $40 million, resulting in about 1.7 million shares repurchased at an average price of $5.95. The company will fund repurchases using cash on hand and operational funds, aiming to optimize balance sheet and deliver value to shareholders.
Lincoln Educational Services reported strong growth in the first quarter of 2024, with a 15% increase in student starts and a 20% growth in revenue. Financial highlights include a revenue increase to $103.4 million, tripled Adjusted EBITDA to $6.5 million, and a 11.2% rise in student population. The company also entered into new agreements and a credit facility, with total liquidity over $109 million. Lincoln raised its full-year guidance for revenue, Adjusted EBITDA, and Adjusted Net Income. The company's President & CEO commented on the positive momentum and the benefits of the innovative educational approach adopted by Lincoln, which is meeting the demand for skilled professionals in the market. The company is seeing increased interest from both students and employers and positioning itself for future growth.
Lincoln Tech is opening a new campus in East Point, GA, marking a milestone in its expansion plan. The Grand Opening on May 9th will offer training in automotive, electrical, welding, HVAC, and more. The campus aims to address the growing demand for skilled professionals in these industries, partnering with top companies like Tesla and Mazda.
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