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Mar 31, 2023
Lincoln Tech Q1 2023 Earnings Report
Lincoln Tech reported solid growth in the first quarter, driven by revenue growth and new student starts.
Key Takeaways
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.
Revenues increased by 6.9% to $86.4 million.
New student starts increased by 6.4%.
Adjusted EBITDA reached $2.2 million.
The company is increasing its revenue and earnings outlook for the full year.
Forward Guidance
The Company is increasing its financial guidance for Revenue, Adjusted EBITDA and Adjusted Net Income.
Positive Outlook
- Revenue in the range of $355 million to $365 million
- Adjusted EBITDA in the range of $21 million to $25 million
- Adjusted Net income in the range of $9 million to $12 million
- Student start growth of 5% to 10%
- Capital expenditures in the range of $35 million to $40 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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