Company Description
Lincoln Educational Services Corporation (Nasdaq: LINC) is an educational services company focused on career-oriented post-secondary education. The company provides programs for recent high school graduates and working adults, with an emphasis on technical and skills-based training that supports workforce needs in the United States. According to its public disclosures, Lincoln positions its offerings as career-oriented programs that help address America’s skills gap.
Lincoln traces its roots to Lincoln Technical Institute, Inc., which opened its first campus in Newark, New Jersey in 1946. The current corporate entity was incorporated in New Jersey in 2003 as the successor-in-interest to various acquired schools. Over the decades, the organization has concentrated on training skilled technicians and other career professionals through focused programs rather than traditional academic degrees.
Business focus and areas of study
Lincoln Educational Services describes itself as a provider of diversified, career-oriented post-secondary education. Across its communications, it identifies several principal areas of study. In different releases, the company highlights programs in skilled trades, automotive technology, health sciences and information technology, and in some descriptions also references business and information technology, hospitality services, and transportation. These references reflect the range of program categories the company has offered over time.
In more recent company descriptions, Lincoln emphasizes four or five core areas of study, typically including:
- Skilled trades
- Automotive or transportation-related programs
- Health sciences or healthcare-related training
- Information technology
- Business and hospitality-related programs in some disclosures
The company’s news releases also reference specific technical training initiatives, such as programs in electrical and electronic systems technology, advanced manufacturing with robotics, automotive, welding, HVAC, diesel and heavy equipment. These examples illustrate how Lincoln applies its career-focused model within the broader categories it lists in its corporate descriptions.
Campus footprint and brands
Lincoln Educational Services reports that it operates multiple campuses across the United States. In recent disclosures, the company notes that it currently operates 21 or 22 campuses in 12 states, and in one release describes plans for a 24th campus in Rowlett, Texas. The number of campuses cited varies by release, reflecting campus openings, expansions, relocations, and the timing of each statement.
The company operates under three primary brands:
- Lincoln Technical Institute
- Lincoln College of Technology
- Nashville Auto Diesel College
These brands are used across its campus network and are consistently referenced in the company’s public communications as the labels under which its schools operate.
Educational model and student audience
Lincoln states that it offers career-oriented programs designed for recent high school graduates and working adults. Its communications emphasize hands-on technical training and skills development aligned with specific occupations. The company highlights certificate and similar post-secondary programs that are structured to prepare students for entry-level roles in fields such as automotive service, electrical and electronics work, manufacturing, welding, HVAC, health support roles, and information technology-related positions, as described in its news releases.
In various announcements, Lincoln notes that its programs are intended to help students pursue careers in areas where employers report ongoing demand for trained personnel. For example, the company has described programs that prepare graduates for roles such as electrician apprentices, advanced manufacturing technicians, and other skilled positions, and has referenced collaboration or alignment with employers and industry organizations in certain program areas.
Growth, campus development and program expansion
Lincoln Educational Services reports that it organizes its operations into segments that include a Campus Operations segment and, in some periods, a Transitional segment. The Campus Operations segment includes campuses that contribute to the company’s core operations and performance. The Transitional segment has been used for campuses that are in the process of being sold or otherwise exited, such as the Summerlin, Las Vegas campus referenced in company disclosures.
Recent news releases describe a period of campus development and expansion activity. Lincoln has highlighted:
- Relocation and program expansion at campuses in Nashville, Tennessee and Levittown, Pennsylvania.
- The opening of new campuses in locations such as Houston, Texas and East Point, Georgia.
- Construction of a new campus in Hicksville, New York, which the company has discussed in terms of future opening plans.
- Plans for a second campus in the Dallas, Texas metropolitan area, in Rowlett, Texas, described as the company’s 24th campus in one release.
These activities are presented by the company as part of a long-term growth plan that includes opening additional campuses in markets it characterizes as under-served for technical and skills training. The company also refers to a hybrid teaching model, described as “Lincoln 10.0,” which it associates with increased instructional leverage and benefits to students, though detailed technical specifications of that model are not provided in the available text.
Programs and sector positioning
Lincoln’s public statements consistently frame the company as a national provider of specialized technical and skills training within the broader educational services sector. It describes itself as helping to provide solutions to “America’s skills gap” by focusing on programs that prepare students for roles in transportation-related fields, healthcare support, skilled trades, information technology, and related technical occupations.
In its news releases, Lincoln also highlights recognition of some of its campuses in external rankings. For example, two campuses have been cited as being named among “America’s Top Vocational Schools” in a USA Today list, with the company noting that the evaluation considered factors such as graduation rates, graduate salaries, diversity, anticipated years to pay off a program, and social mobility measures. These references are presented by Lincoln as evidence of campus-level performance and student outcomes.
Regulatory and reporting context
As a publicly traded company, Lincoln Educational Services files reports with the U.S. Securities and Exchange Commission (SEC). The company uses Form 8-K filings to furnish press releases announcing quarterly financial results, such as results for the second and third quarters of 2025. These filings identify Lincoln Educational Services Corporation as a New Jersey corporation and provide information about its commission file number and other standard registrant details.
The company’s press releases and SEC filings include cautionary statements regarding forward-looking information, noting that projections and guidance are subject to risks and uncertainties. Lincoln identifies factors such as regulatory requirements applicable to for-profit education providers, Title IV program regulations, veterans’ benefits rules, campus openings, program development, competition, general economic conditions, and other risks described in its annual and quarterly reports.
Revenue segments and operations
In its financial communications, Lincoln notes that it generates the majority of its revenue from its Campus Operations segment, which includes campuses that are continuing in operation and form the core of its educational services. The company has also referenced a Transitional segment used for campuses that are being exited, with specific mention of the Summerlin, Las Vegas campus in prior periods. Over time, Lincoln has reported growth in revenue, student starts, and student population, and has discussed adjusted EBITDA as a non-GAAP measure, though specific figures and guidance ranges are time-sensitive and are not central to the evergreen description of the business model.
Stock information and sector classification
Lincoln Educational Services Corporation’s common stock trades on the Nasdaq exchange under the ticker symbol LINC. Within standard industry classification schemes, the company is associated with the Educational Services sector and the Colleges, Universities, and Professional Schools industry category, reflecting its focus on post-secondary education.
Evergreen perspective for investors and observers
From an evergreen perspective, Lincoln Educational Services can be characterized as a post-secondary education company that concentrates on career and technical training. Its long operating history, multi-state campus network, and emphasis on hands-on programs in skilled trades, automotive and transportation, health sciences, and information technology are consistent themes across its public communications. The company’s disclosures also underscore its reliance on campus-based operations, its use of defined operating segments, and its ongoing interaction with federal and state regulatory frameworks that apply to for-profit education providers.