Lincoln Educational Services Reports Continued Growth During First Quarter 2024, with 15% Student Starts and 20% Revenue Growth; Increasing Financial Guidance for Full Year 2024
Lincoln Educational Services Corporation (LINC)
Last lincoln educational services corporation earnings: 2/26 08:00 am
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US:NASDAQ Investor Relations:
investors.lincolneducationalservices.com/investor-overview
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Source: GlobeNewswire
PARSIPPANY, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the first quarter ended March 31, 2024, as well as recent business developments. First Quarter 2024 Financial Highlights* Revenue grew 19.7% to $103.4 millionAdjusted EBITDA tripled to $6.5 millionStudent starts increased 15.3%Ended quarter with 1,388 additional students, a 11.2% increase in populationTotal liquidity of over $109 million; no debt outstandingIncreasing guidance for full year Revenue, Adjusted EBITDA and Adjusted Net Income Recent Developments Classes commenced at our newest campus in East Point, GeorgiaEntered into a 5-year agreement with Container Maintenance Corporation (“CMC"), (Marine Repair Services), to provide on-the-job training, to its techniciansEntered into new $40 million credit facility with Fifth Third Bank providing added flexibility to execute growth initiatives *Note: The highlig
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News
- Lincoln Educational Services Corporation (LINC) Soars to 52-Week High, Time to Cash Out? [Yahoo! Finance]Yahoo! Finance
- Lincoln Tech Expands its Partnership with the Peterbilt Technician Institute Offering Specialized Training at its Denver Campus [Yahoo! Finance]Yahoo! Finance
- Lincoln Tech Expands its Partnership with the Peterbilt Technician Institute Offering Specialized Training at its Denver CampusGlobeNewswire
- Lincoln Educational Services Co. (NASDAQ: LINC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Lincoln Educational Services First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
LINC
Earnings
- 5/6/24 - Miss
LINC
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/13/24 - Form 144/A
- LINC's page on the SEC website