Quarterly ResultMay 11, 2026, 04:14 PM
Lincoln Educational Q1 Revenue $144.0M, Net Income $4.4M; EPS $0.14
AI Summary
Lincoln Educational Services Corp reported strong financial results for Q1 2026, with significant increases in revenue, net income, and EPS compared to the prior year. The company also announced an amendment to its credit agreement, substantially increasing its revolving credit facility and extending its maturity date. These developments reflect positive operational performance and enhanced financial flexibility.
Key Highlights
- Q1 2026 revenue increased to $144.0 million from $117.5 million in Q1 2025.
- Q1 2026 net income rose to $4.4 million from $1.9 million in Q1 2025.
- Basic EPS for Q1 2026 was $0.14, up from $0.06 in Q1 2025.
- Operating income for Q1 2026 reached $6.4 million, compared to $3.4 million in Q1 2025.
- Revolving credit facility increased to $125 million from $60 million.
- Credit facility maturity extended from March 7, 2028, to April 11, 2031.
- Cash and cash equivalents were $16.7 million as of March 31, 2026.
- Long-term debt was $5.0 million as of March 31, 2026.
Price Impact
More from LINC