LINCOLN EDUCATIONAL SERVICES CORP

Lincoln Educational Services Corporation announced that its Houston, TX campus has received an industry award for design and construction. The award, a Silver APEX Award from Houston AGC, was given to O’Donnell/Snider, the construction firm responsible for building the campus. The Houston campus, which opened earlier this year, provides training in skilled trades and technical fields.

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.

Lincoln Educational Services Corporation reported strong financial results for the second quarter ended June 30, 2026, with revenue increasing 22.4% to $142.6 million and Adjusted EBITDA rising 42.4% to $12.7 million. The company reiterated its full-year financial guidance, including student start growth of 10-14%, while raising capital expenditure guidance to $95.0-$100.0 million to support strategic growth initiatives. Key business developments include the acquisition of the Melrose Park, Illinois campus property and a new lease for a campus in Suitland, Maryland.

Lincoln Educational Services Corporation reported strong financial results for the six months ended June 30, 2026, with net income surging 80.1% to $6.30 million and revenue increasing 22.4% to $286.52 million. Basic EPS also saw a substantial rise to $0.20. The company significantly improved its net cash from operating activities and expanded its footprint by entering leases for three new campuses in New York, Texas, and Maryland.

Lincoln Educational Services Corporation announced that its Melrose Park, IL campus has been named one of "America's Top Vocational Schools" for 2026 by USA Today, marking its second consecutive year on the list. The recognition is based on factors such as student success, graduation rates, graduate salaries, diversity, and social mobility. Last year, the campus successfully placed 81% of its more than 600 graduates into careers within their respective fields.

Lincoln Educational Services Corporation announced it will host a conference call to discuss its second quarter 2026 financial results on Monday, August 10, 2026, at 10:00 a.m. Eastern time. A news release detailing the results will be issued before 9:30 a.m. ET on the same day. Participants can access a live webcast on the company's investor relations website, with an archived version available for 90 days.

Lincoln Educational Services Corporation, through its subsidiary Lincoln Technical Institute, Inc., completed the acquisition of its Melrose Park, IL campus property for $18.8 million. The company secured a $15.04 million mortgage loan from Provident Bank to partially fund the purchase, with the remainder paid using cash on hand. The loan has an initial fixed interest rate of 5.99% for five years, matures in July 2036, and requires monthly payments of approximately $97,628.

Lincoln Educational Services Corporation announced plans to open its 25th campus in Suitland, Maryland, expanding its presence in the Washington D.C. metropolitan area. This new 36,000 sq ft campus, expected to open in Q4 2027, will initially offer Electrical and Electronic Systems Technology (EEST) and HVAC programs. The company projects an estimated capital investment of $10 million, with the campus serving approximately 500 students and generating over $15 million in revenue and $5 million in EBITDA.

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.