LINCOLN EDUCATIONAL SERVICES CORP

Lincoln Educational Services announced that its President and CEO, Scott Shaw, and CFO, Brian Meyers, will participate in three investor conferences in June. This engagement reflects increasing institutional investor interest in the company's growth drivers. Shaw expressed optimism for the current quarter and year, citing strong employer demand for skilled labor. The company remains committed to its growth strategies, targeting $850 million in revenue and $150 million in EBITDA by 2030.

Lincoln Technical Institute, a wholly-owned subsidiary of Lincoln Educational Services Corporation, has entered into a purchase and sale agreement to acquire the real property located at 8315-8317 W. North Avenue, Melrose Park, IL. The property, currently leased by the subsidiary for its Melrose Park campus, will be purchased from Melrose Omni, LLC for $18.8 million. The transaction is expected to close on June 25, 2026.

The Lincoln Foundation for Education Inc. (LiFE), a nonprofit 501(c)(3) organization, received nearly a quarter of a million dollars in first-quarter donations from various employers and partners. These contributions will fund scholarships and awards for new and current Lincoln Tech students nationwide, supporting their pursuit of in-demand careers. Additionally, WM and 7x24 Exchange provided support for Lincoln's Student Sensitivity Fund, which offers assistance for food, transportation, and essential school-related expenses.

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.

Lincoln Educational Services reported strong financial and operational results for the first quarter ended March 31, 2026. Revenue increased by 22.5% to $144.0 million, and net income more than doubled to $4.4 million, or $0.14 per share. The company also raised its full-year 2026 financial guidance for revenue, adjusted EBITDA, net income, diluted EPS, and student starts, reflecting strong Q1 performance and current trends. Additionally, Lincoln amended its credit agreement, increasing its revolving credit facility to $125 million to enhance financial flexibility for growth initiatives.

Lincoln Educational Services Corporation held its 2026 Annual Meeting of Shareholders on May 7, 2026, where all proposals were approved. Shareholders elected 10 directors, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as the independent registered public accounting firm for 2026. The company also presented its strategic plan, projecting revenue over $600M and adjusted EBITDA over $90M by 2027.

Lincoln Educational Services Corporation announced that its President and CEO, Scott Shaw, and CFO, Brian Meyers, will attend several investor conferences in May. This follows a strong first quarter of 2026, which saw a 19.5% increase in student starts. The company reiterated its multi-year growth plan, aiming for $850 million in revenue and $150 million of EBITDA by 2030, reflecting strong industry growth drivers and a strategy to attract a broader investor audience.

Lincoln Educational Services Corporation announced it will host a conference call to discuss its first quarter 2026 financial results. The news release outlining the results will be issued before 9:30 a.m. Eastern time on Monday, May 11, 2026, with the conference call following at 10:00 a.m. Eastern time. Investors can access the live webcast via the company's investor relations website or register for teleconference access.

Lincoln Educational Services Corporation entered into an amended and restated credit agreement, significantly increasing its revolving credit facility from $60 million to $125 million. This new facility, which matures in April 2031, includes a $10 million letter of credit sublimit and a $25 million accordion feature. The proceeds are designated for working capital, general corporate, and other permitted purposes, providing the company with enhanced financial flexibility and liquidity.

Lincoln Educational Services Corporation has entered into an amended and restated revolving credit facility, increasing its aggregate principal amount from $60 million to $125 million. This $65 million increase in available liquidity enhances the company's financial flexibility to pursue growth initiatives and meet long-term operating objectives. The facility has a five-year term, maturing in April 2031, and includes a $10 million letter of credit sublimit and a $25 million accordion feature.