Lincoln Educational Services ( (LINC) ) has released its Q1 earnings. Here is a breakdown of the information Lincoln Educational Services presented to its investors.
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Lincoln Educational Services Corporation is a prominent provider of career-oriented post-secondary education, offering programs in automotive technology, health sciences, skilled trades, business and information technology, and hospitality services across 21 campuses in 12 states.
In its first-quarter financial results for 2025, Lincoln Educational Services reported a robust performance with a 13.7% increase in revenue to $117.5 million and a significant rise in student starts by 16.2%. The company also noted a positive net income of $1.9 million, reversing a net loss from the previous year.
Key financial highlights include an adjusted EBITDA increase of 63% to $10.6 million and total liquidity nearing $90 million with no outstanding debt. The company successfully transitioned its Nashville campus to a new facility and expanded its credit facility, enhancing financial flexibility for future growth initiatives.
Looking ahead, Lincoln Educational Services has raised its financial guidance for 2025, reflecting confidence in continued revenue and student start growth. The company plans to open new campuses in Houston and Hicksville and expand its program offerings to meet high demand in various fields.
Overall, Lincoln Educational Services is well-positioned for growth, driven by strategic campus relocations, program expansions, and a strong focus on meeting the skills gap in the U.S. workforce.