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 |
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 |