Lincoln Educational Services Corp
NASDAQ:LINC
Lincoln Educational Services Corp
Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. The company is headquartered in Parsippany, New Jersey and currently employs 1,672 full-time employees. The company went IPO on 2005-06-23. The firm owns and operates approximately 22 campuses in approximately 14 states, offers programs in automotive technology, skilled trades, healthcare services, hospitality services and information technology. The Company’s segments include Transportation and Skilled Trades, and Healthcare and Other Professions (HOPS). The Transportation and Skilled Trades segment offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades, including automotive, diesel, heating, ventilation and air conditioning, welding and manufacturing. The Healthcare and Other Professions segment offers academic programs in the career-oriented disciplines of health sciences, hospitality and business and information technology, including dental assistant, medical assistant, practical nursing, culinary arts and cosmetology.
Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. The company is headquartered in Parsippany, New Jersey and currently employs 1,672 full-time employees. The company went IPO on 2005-06-23. The firm owns and operates approximately 22 campuses in approximately 14 states, offers programs in automotive technology, skilled trades, healthcare services, hospitality services and information technology. The Company’s segments include Transportation and Skilled Trades, and Healthcare and Other Professions (HOPS). The Transportation and Skilled Trades segment offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades, including automotive, diesel, heating, ventilation and air conditioning, welding and manufacturing. The Healthcare and Other Professions segment offers academic programs in the career-oriented disciplines of health sciences, hospitality and business and information technology, including dental assistant, medical assistant, practical nursing, culinary arts and cosmetology.
Revenue Growth: Quarterly revenue rose 25.4% to $141.4 million, driven by strong student enrollment and tuition increases.
Student Starts: Student starts grew 6% year-over-year, beating internal forecasts and marking the 12th consecutive quarter of growth.
Profitability: Adjusted EBITDA surged 65.1% to $16.9 million, and adjusted net income grew 54.9% to $6.3 million or $0.20 per share.
Guidance Raised: Full-year 2025 guidance was increased for revenue ($505–510 million), adjusted EBITDA ($65–67 million), and net income ($17–19 million).
Expansion Momentum: New campuses in Houston and East Point exceeded expectations, and a new campus in Rowlett, Texas is slated for 2027.
Strategic Focus: Lincoln is expanding core skilled trades and healthcare programs, refining offerings, and targeting high school and veteran students.
Long-Term Outlook: 2027 revenue and EBITDA goals were raised to over $600 million and $90 million, respectively, with growth projected to be organic.
Healthy Cash Position: The company ended the quarter with $65.5 million in liquidity and expects to finish the year debt-free.
