Strong Student Start Growth
Student starts grew nearly 22% in the second quarter, driven by increased marketing efficiencies and the success of new and relocated campuses.
Significant Revenue and EBITDA Growth
The company reported about 15% revenue growth and a 68% increase in consolidated adjusted EBITDA over last year's second quarter.
Expansion of Lincoln 10.0 Hybrid Teaching Model
Lincoln 10.0 is contributing to student start growth by providing flexibility through a blend of online and on-campus learning.
Positive Financial Outlook and Guidance Increase
Due to strong performance, Lincoln raised its full year revenue guidance to $490 million to $500 million and adjusted EBITDA to $60 million to $65 million.
Campus Development and Growth Initiatives
New campuses in Levittown, Houston, and Hicksville are underway, with plans to open two new campuses each year.