Quarterly ResultNov 9, 2026, 04:23 PM
Lincoln Educational Services Q3 Revenue Up 12.6% to $159.2M; Starts Rise 14.2%
AI Summary
Lincoln Educational Services Corporation reported strong third quarter financial results, with student starts increasing by 14.2% and revenue growing 12.6% to $159.2 million. Adjusted EBITDA saw a significant rise of 30.8% to $17.4 million, and net income increased by 24.1% to $4.7 million. The company also completed the acquisition of its Melrose Park campus and repurchased shares worth $21.0 million. Additionally, Lincoln raised its full-year 2026 revenue guidance.
Key Highlights
- Student starts increased 14.2% to 7,362.
- Revenue grew 12.6% to $159.2 million.
- Adjusted EBITDA rose 30.8% to $17.4 million.
- Net income increased 24.1% to $4.7 million.
- Diluted EPS grew to $0.15 from $0.12.
- Completed acquisition of Melrose Park campus for $18.8 million.
- Repurchased 871,135 shares for $21.0 million.
- Raised full-year 2026 revenue guidance.
Price Impact
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