Lincoln Educational Services Corp (OQ:LINC)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 14 Sylvan Way, Suite A
PARSIPPANY NJ 07054
Tel: N/A
Website: https://www.lincolntech.edu
IR: See website
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Key People
Scott M. Shaw
President, Chief Executive Officer, Director
Brian Keith Meyers
Chief Financial Officer, Executive Vice President, Treasurer
Cory Hughes
President - Lincoln Tech's Columbia
Chad D. Nyce
Executive Vice President, Chief Innovation Officer
Alexandra M. Luster
Company Secretary
 
Business Overview
Lincoln Educational Services Corporation is a provider of diversified career-oriented post-secondary education. The Company offers career-oriented programs to recent high school graduates and working adults in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. The Company operates 22 campuses in 13 states under four brands: Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences. The Company operates through two segments: Campus Operations and Transitional. The Campus Operations segment includes campuses that are continuing in operation and contribute to the Company's core operations and performance. The Transitional segment refers to campuses that are marked for closure and are currently being taught-out.
Financial Overview
For the fiscal year ended 31 December 2023, Lincoln Educational Services Corp revenues increased 9% to $378.1M. Net income applicable to common stockholders increased from $9.2M to $26M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from corporate segment loss decrease of 62% to $12.3M.
Employees: 1,800 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $269.87M as of Dec 31, 2023
Annual revenue (TTM): $378.07M as of Dec 31, 2023
EBITDA (TTM): $13.25M as of Dec 31, 2023
Net annual income (TTM): $26.00M as of Dec 31, 2023
Free cash flow (TTM): -$15.14M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 31,759,322 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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