Lincoln Tech Earnings Reports

Lincoln Tech delivered a solid performance in Q1 2025 with double-digit growth in revenue and student starts, improved profitability, and a raised full-year outlook driven by strategic expansions and operational efficiency.

Lincoln Tech reported a strong start to 2024, with a 19.7% increase in revenue to $103.4 million and a 15.3% increase in student starts. The company is increasing its full year guidance for revenue, adjusted EBITDA and adjusted net income.

Lincoln Educational Services Corporation reported a strong third quarter with a 10.5% increase in revenue to $99.5 million and a 7.1% increase in new student starts. The company's strategic growth plans include new campuses and the relocation and expansion of existing campuses. The company raised its outlook for the full year.

Lincoln Educational Services Corporation reported a strong second quarter with a 9.8% increase in revenue to $88.2 million and a 17.9% increase in new student starts. The company's transition to a hybrid instructional platform and centralization of the financial aid process contributed to these results. Lincoln is raising its outlook for revenues and earnings for the full year.

Lincoln Educational Services Corporation reported a 6.9% increase in revenue to $86.4 million and a 6.4% increase in new student starts. The company is increasing its revenue and earnings outlook for the full year.

Lincoln Educational Services Corporation reported strong Q4 2022 results, with revenue and Adjusted EBITDA growth compared to the previous year. Student retention and placement rates continued positive trends, and graduation rates reached a new company high. The company is investing in a new hybrid teaching model and program expansions to accelerate growth.

Lincoln Educational Services Corporation reported a 3.1% increase in revenue to $91.8 million for the third quarter of 2022, with net income of $3.5 million and earnings per share of $0.10. The revenue growth was attributed to a 5.9% increase in average revenue per student, offsetting a 2.7% decline in average student population. The company continued to invest in growth strategies, including a new Atlanta campus and centralizing the financial aid process.

Lincoln Educational Services Corporation reported a 2.1% increase in revenue to $82.1 million and a 4.0% increase in student starts for Q2 2022. The company is executing its five-year growth strategy, including developing a new campus in Atlanta and forming corporate partnerships. However, student start growth was lower than anticipated due to macro-operating factors and the transition to a centralized financial aid support system.

Lincoln Educational Services Corporation reported a 5.8% increase in revenue to $82.6 million, driven by a 4.4% increase in average student population. However, adjusted EBITDA decreased to $2.4 million from $5.4 million in the prior year, due to increased investments in marketing and program development.

Lincoln Educational Services Corporation reported a 7.4% increase in revenue to $87.8 million for the fourth quarter of 2021, driven by a 6.3% increase in average student population. The company's net income was $24.0 million, and it ended the quarter with a net cash position of $83.3 million after sale-leaseback transactions and debt retirement.

Lincoln Educational Services Corporation reported a 13.0% increase in revenue to $89.1 million and a 49.6% increase in operating income to $5.7 million compared to the prior year quarter. The company's student population also increased by 6.4% to 14,000.

Lincoln Educational Services Corporation reported a 28.8% increase in revenue to $80.5 million for the second quarter of 2021. The company's operating income rose to $3.5 million, and net income improved to $2.4 million, or $0.06 per diluted share.

Lincoln Educational Services Corporation reported a strong first quarter with a 30.6% increase in new student starts and an 11.4% increase in revenue. The company also saw significant improvements in operating and net income, driven by the increase in student population and effective marketing initiatives. As a result, Lincoln raised its 2021 guidance for adjusted EBITDA and pre-tax income.

Lincoln Educational Services Corporation reported a strong fourth quarter with a 15.0% increase in new student starts and a 10.7% increase in revenue. Net income was $46.0 million, which included a $35.9 million release of tax valuation allowance. The company's performance reflects its ability to adapt to the COVID-19 pandemic and continue providing essential career training.

Lincoln Educational Services Corporation reported strong Q3 results, marked by an 8.5% increase in revenue, a 15.3% increase in student starts, and a more than doubling of net income. The company's performance reflects growth potential and operating leverage, despite challenges from the COVID-19 pandemic.

Lincoln Educational Services Corporation reported a 15.2% increase in student starts and a net income of $0.8 million for Q2 2020. The company successfully managed challenges posed by the COVID-19 pandemic through transitioning to remote learning and reopening campuses, leading to strong student engagement and graduation rates.

Lincoln Tech reported a strong start to 2020 with a 10.7% increase in first-quarter revenue, driven by a higher beginning student population. The company successfully transitioned to a distance learning platform and saw a decrease in net loss per share. However, full-year 2020 guidance was withdrawn due to uncertainties caused by the COVID-19 pandemic.

Lincoln Tech reported a strong fourth quarter with a 5.4% increase in total revenue, driven by growth in both Transportation and Skilled Trades and Healthcare and Other Professions segments. Net income increased significantly by 82.5%, reflecting improved operating efficiency and expense controls. The company also completed financing transactions that increased liquidity and are expected to result in annualized interest savings.