Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates through three segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades, including welding, computerized numerical control, and electrical and electronic systems technology, as well as heating, ventilating, and air conditioning programs; healthcare services comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology. The company operates 22 schools in 14 states under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences, as well as associated brand names. As of December 31, 2020, it had 12,217 students enrolled at 22 campuses. The company was founded in 1946 and is based in West Orange, New Jersey.
IPO Year: 2005
Exchange: NASDAQ
Website: lincolntech.edu
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2025 | $24.00 | Outperform | Northland Capital |
| 3/28/2025 | $23.00 | Buy | B. Riley Securities |
| 9/9/2022 | $8.00 | Buy | Rosenblatt |
| 6/30/2022 | $8.00 | Buy | Lake Street |
PARSIPPANY, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 12, 2025 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q1 2025 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be provided
PARSIPPANY, N.J., March 11, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million. This increase enhances the Company's financial flexibility, and the additional liquidity enables the Company to execute its growth initiatives to meet its long-term operating objectives. Furthermore, the maturity date has been extended through March 7, 2028. Additionally, the accordion feature of the agreement has been expanded from $20 million to $25 million, further strengthening the Company's
PARSIPPANY, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024, as well as recent business developments. Fourth Quarter 2024 Financial Highlights Revenue increased by 16.4% to $119.4 millionStudent starts grew by 9.6%; quarter-end student population rose by 14.1%Net income of $6.8 million and adjusted EBITDA of $19.2 millionTotal liquidity of nearly $100 million, no debt outstandingCashflow from operations of $30.3 million Full Year 2024 Financial and Operational Highlights Achieved or surpassed fiscal year 2024 guidance ranges for a
PARSIPPANY, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its fourth quarter and year-end financial results on Monday, February 24, 2025 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q4 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participant
Parsippany, NJ, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, today announced that it has signed a lease for a new campus in Hicksville, New York, representing the Company's second campus in New York and 11th in the tri-state area. The campus demonstrates a commitment to its strategic growth plan, and follows the successful launch of the Company's newest campus in East Point, Georgia earlier this year. The Hicksville campus is expected to commence operations towards the end of 2026 and will focus on preparing students for hands-on careers in high-demand industries. The
PARSIPPANY, NJ – November 25, 2024, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, announces the graduation of eight new technicians from its specialized Johnson Controls International (JCI) Academy program at the Denver, CO campus. This is the first group to graduate from the Denver location; the JCI Academy has also operated at Lincoln's Columbia, MD campus since the Fall of 2022. Since the inception of Lincoln Tech's partnership with JCI in 2018, more than 500 students have graduated from Lincoln schools and gone straight to work at JCI locations across the country.
PARSIPPANY, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 16th Annual Southwest IDEAS Investor Conference, being held in Dallas, TX on November 21 and 22, 2024. The presentation will be webcast and can be accessed through the conference host's main website at www.threepartadvisors.com/southwest. Mr. Shaw will review the recent third quarter performance, with revenue growing 15%, student starts increasing 21.1% and adjusted EBITDA increasing 67% compared to the year-ago
PARSIPPANY, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the third quarter ended September 30, 2024, as well as recent business developments. Third Quarter 2024 Financial Highlights & Recent Operating Developments* Revenue increased by 15.0% to $114.4 millionStudent starts grew by 21.1%; quarter-end student population rose by 13.3%Net income of $4.0 million and adjusted EBITDA of $10.2 millionTotal liquidity in excess of $90 million, no debt outstandingRecently opened East Point, Georgia campus outperforming first-year operating planRaised 2024 financial guidance *Note: The highlighted
PARSIPPANY, NJ – November 7, 2024, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced that its partnership with Johnson Controls has resulted in more than 500 job placements for skilled building trade graduates since 2018. At a recent series of recruiting events, more than 100 Lincoln Tech students received job offers from Johnson Controls, the global leader in smart, healthy and sustainable buildings. This milestone highlights the ongoing success of the organizations' collaboration in addressing the growing skills gap in the building technology industry, providi
Parsippany, NJ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced that two members of its Board of Directors have been named to Board Prospect Magazine's annual list of Top 100 Latino Board Members. Anna Cabral and Marta Newhart were named to Board Prospect's list, which is compiled each year in honor of Hispanic Heritage Month. "We're proud to have two of our Directors named to this prestigious group of Latino leaders," says Scott Shaw, Lincoln Tech's President and CEO. "We serve a very diverse student population, and we have selected talented and accomplish
Northland Capital initiated coverage of Lincoln Educational Services with a rating of Outperform and set a new price target of $24.00
B. Riley Securities resumed coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $23.00
Rosenblatt initiated coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $8.00
Lake Street initiated coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $8.00
Colliers Securities resumed coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $10.00
B. Riley resumed coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $7.50 from $6.25 previously
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Parsippany, NJ, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced the introduction of Air Conditioning, Refrigeration and Heating Systems (HVAC) Technology and Electrical and Electronic Systems Technology (EEST) career training programs at its Moorestown, NJ campus. For more than 10 years, the Moorestown campus – serving students and employers throughout the Trenton-Camden corridor – has been a leading destination for healthcare and IT career training. Now with a gap of more than 30,000 openings projected across the state for the HVAC and electrical/electro
Parsippany, NJ, May 10, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has expanded its training partnership with Peterbilt Motors Company to offer specialized diesel technician training at its Denver, CO campus. The Peterbilt Technician Institute (PTI) at Lincoln Tech will assist Lincoln graduates in building additional skills for Peterbilt-specific equipment and technologies, and in starting new careers at Peterbilt locations across the country. This is the second Lincoln Tech location to offer PTI training; the program was introduced at Lincoln's Nashville, TN campus last spri
Parsippany, NJ, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced the appointment of an organizational leader to an important statewide labor initiative. Cory Hughes, President of Lincoln Tech's Columbia, MD campus, has been selected to join the Maryland Governor's Workforce Development Board (GWDB), thanks to his service to area students and employers since 1987. Hughes has served in several capacities at Lincoln Tech, first from 1999 to 2002 and then from 2015 through to his current role today. Overall, he has enjoyed more than 35 years as an educator and st
Parsippany, NJ, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), celebrating its 75th year as a national leader in specialized technical training, today announced that Felecia J. Pryor, JD, MPA, has been appointed to the Company's Board of Directors. With over 20 years of corporate leadership experience, Ms. Pryor's contributions will further broaden the Board's perspective and enhance the Company's ability to execute on its long term growth strategy. In connection with her appointment to the Board, Ms. Pryor was also appointed to the Board's Compensation Committee. "Ms. Pryor brings a long record of accomplishment, both professional and educationa
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PARSIPPANY, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 12, 2025 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q1 2025 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be provided
PARSIPPANY, N.J., March 11, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million. This increase enhances the Company's financial flexibility, and the additional liquidity enables the Company to execute its growth initiatives to meet its long-term operating objectives. Furthermore, the maturity date has been extended through March 7, 2028. Additionally, the accordion feature of the agreement has been expanded from $20 million to $25 million, further strengthening the Company's
PARSIPPANY, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024, as well as recent business developments. Fourth Quarter 2024 Financial Highlights Revenue increased by 16.4% to $119.4 millionStudent starts grew by 9.6%; quarter-end student population rose by 14.1%Net income of $6.8 million and adjusted EBITDA of $19.2 millionTotal liquidity of nearly $100 million, no debt outstandingCashflow from operations of $30.3 million Full Year 2024 Financial and Operational Highlights Achieved or surpassed fiscal year 2024 guidance ranges for a
PARSIPPANY, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its fourth quarter and year-end financial results on Monday, February 24, 2025 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q4 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participant
PARSIPPANY, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 16th Annual Southwest IDEAS Investor Conference, being held in Dallas, TX on November 21 and 22, 2024. The presentation will be webcast and can be accessed through the conference host's main website at www.threepartadvisors.com/southwest. Mr. Shaw will review the recent third quarter performance, with revenue growing 15%, student starts increasing 21.1% and adjusted EBITDA increasing 67% compared to the year-ago
PARSIPPANY, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the third quarter ended September 30, 2024, as well as recent business developments. Third Quarter 2024 Financial Highlights & Recent Operating Developments* Revenue increased by 15.0% to $114.4 millionStudent starts grew by 21.1%; quarter-end student population rose by 13.3%Net income of $4.0 million and adjusted EBITDA of $10.2 millionTotal liquidity in excess of $90 million, no debt outstandingRecently opened East Point, Georgia campus outperforming first-year operating planRaised 2024 financial guidance *Note: The highlighted
PARSIPPANY, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its third quarter financial results on Monday, November 11, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q3 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be prov
PARSIPPANY, N.J., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 17th Annual Barrington Research Virtual Fall Investment Conference, being held on Thursday, September 12th, 2024. Investors should reach out to their Barrington sales representatives or contact [email protected] to schedule a virtual one-on-one meeting with Lincoln's management team. Mr. Shaw will review the recent second quarter performance, with revenue growing 16.1%, student starts increasing 12.3% and a
PARSIPPANY, N.J., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be attending the Midwest IDEAS Conference, being held in Chicago, IL, on August 28th and 29th. Mr. Shaw will highlight the continued business momentum and growth drivers generating increased shareholder valuation, including the continued strong performance during the Company's second quarter ended June 30, 2024, with revenue growing 16.1%, student starts increasing 12.3% and adjusted EBITDA more than doubling compared to the year-ago qua
PARSIPPANY, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the second quarter ended June 30, 2024, as well as recent business developments. Second Quarter 2024 Financial Highlights* Revenue grew 16.1% to $102.9 millionStudent starts increased 12.3%; 11.4% increase in quarter-end student populationNet loss of $700,000 and Adjusted EBITDA of $6.2 millionTotal liquidity of more than $100 million; no debt outstandingNew East Point, Georgia campus student starts to date exceeds full-year planRaised outlook for full year Revenue; raised lower end of adjusted EBITDA, adjusted net income and s
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