Associated tags: Lincoln Tech, Lincoln, Euphoria, Information technology, Science, LINC, Student
Locations: PARSIPPANY, NJ, US, WEST ORANGE, CAFFEY, CHICAGO, ILLINOIS, IL, MELROSE PARK, MAZDA, BALTIMORE, MARYLAND, WASHINGTON, DC, TESLA, GEORGIA, MARIETTA
PARSIPPANY, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC) today announced that its Board of Directors has authorized extension of its share repurchase program for an additional twelve months through May 24, 2025.
Key Points:
- PARSIPPANY, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC) today announced that its Board of Directors has authorized extension of its share repurchase program for an additional twelve months through May 24, 2025.
- The repurchase program was initially authorized for twelve months and has since been extended and increased to $40 million.
- The Company retains the right to limit, terminate or extend the share repurchase program at any time without prior notice.
- “This share buyback program demonstrates our thoughtful capital allocation strategy to enhance our franchise value for the long term.
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Growth “We had an exceptionally strong start to 2024 and the momentum generated during the first quarter has continued,” commented Scott Shaw, President & CEO.
Key Points:
- “We had an exceptionally strong start to 2024 and the momentum generated during the first quarter has continued,” commented Scott Shaw, President & CEO.
- Lincoln is capitalizing on these market dynamics by providing innovative efficient student curricula that provides opportunity to a growing number of graduates to enter rewarding, in-demand careers.
- During the first quarter, the successful execution of our strategies resulted in just over 15% student start growth and nearly 20% revenue growth.
- “We generated nearly 20% higher revenue, while at the same time decreasing instructional costs as a percentage of revenue.
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Nursing The campus is Lincoln’s second in the Atlanta area.
Key Points:
- The campus is Lincoln’s second in the Atlanta area.
- Associate degree-granting Service Management programs will also be available for students looking to further their career opportunities after graduation.
- The East Point campus will introduce new programs and open new career paths for our students.”
The opening of the new campus will not impact the Marietta campus, located north of Atlanta.
- * Career growth projections can be found at onetonline.org for the years 2020-2030 and are current as of April 17, 2024.
PARSIPPANY, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 6, 2024 at 10:00 a.m. Eastern time.
Key Points:
- PARSIPPANY, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 6, 2024 at 10:00 a.m. Eastern time.
- A news release outlining Lincoln’s results will be issued before 9:30 a.m. Eastern time on that day.
- To access the live webcast of the conference call, please go to the investor relations section of Lincoln’s website at http://www.lincolntech.edu .
- Participants may also register via teleconference at: Q1 2024 Lincoln Educational Services Earnings Conference Call .
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Nursing Hotel in Hanover, MD on Monday, April 29 beginning at 10am will feature a keynote address by Maryland Lieutenant Governor Aruna Miller.
Key Points:
- Hotel in Hanover, MD on Monday, April 29 beginning at 10am will feature a keynote address by Maryland Lieutenant Governor Aruna Miller.
- Maryland CareerQuest 2024 will include workshops led by industry representatives, outlining the opportunities in today’s job market and detailing the qualifications job seekers will need.
- Lincoln Tech, other career schools, and community colleges will assist attendees in determining what types of career training programs are available to them.
- "Maryland CareerQuest ‘24 goes beyond the four-year degree," says Frank Galindo, AVP of Public Relations for Lincoln Tech.
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Nursing The campus has been one of Lincoln Tech’s longest-running schools, with a history of strong placement rates for graduates and close partnerships with area employers.
Key Points:
- The campus has been one of Lincoln Tech’s longest-running schools, with a history of strong placement rates for graduates and close partnerships with area employers.
- Martiez Caffey and Dalia Alvarez will receive the Lawrence Arthur Pritchett Memorial Scholarship Award, which is funded through the Lincoln Foundation for Education, Inc. (LiFE).
- His family created the scholarship in his honor so that other students could pursue career training for the industry he was so passionate about.
- Commitment to their future career paths is what solidified the choice of these two particular students for the scholarship.
PARSIPPANY, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC), which is hosting its first Investor Day today at its new East Point campus in Georgia, expects to continue its strong business momentum during the first quarter ending March 31, 2024. Student start growth is projected to significantly improve from the prior year, with growth of approximately 15.0% compared to 6.4%, excluding the transitional segment in 2022.
Key Points:
- Student start growth is projected to significantly improve from the prior year, with growth of approximately 15.0% compared to 6.4%, excluding the transitional segment in 2022.
- “Our team continues to successfully execute the Company’s transformative growth strategies as the interest in skilled trade careers continues to grow,” said Scott Shaw, President and CEO.
- Participants may also register at: Lincoln Educational Services Investor Day .
- The Company plans to report financial results for the three months ending March 31, 2024 on May 6, 2024.
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Management PARSIPPANY, N.J., March 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that J. Barry Morrow has notified the Company’s Board of Directors of his decision not to stand for re-election at the Company’s 2024 Annual Meeting of Shareholders.
Key Points:
- PARSIPPANY, N.J., March 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that J. Barry Morrow has notified the Company’s Board of Directors of his decision not to stand for re-election at the Company’s 2024 Annual Meeting of Shareholders.
- Mr. Morrow joined the Board in 2006 and currently serves as non-executive Chair of the Board.
- The Company also announced that the Board of Directors had selected current Board member John A. Bartholdson to succeed Mr. Morrow as the next Chair of the Board following the 2024 Annual Meeting of Shareholders to be held in May.
- Mr. Bartholdson has been a member of the Board of Directors since 2019.
Parsippany, NJ, March 12, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it will host an Investor Day at its East Point, GA campus, on Tuesday, March 19, 2024, with presentations starting at 12:00 pm EDT.
Key Points:
- Parsippany, NJ, March 12, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it will host an Investor Day at its East Point, GA campus, on Tuesday, March 19, 2024, with presentations starting at 12:00 pm EDT.
- To access the live Investor Day webcast, please go to the ‘Events’ section of the Investor Relations page within Lincoln’s website at http://www.lincolntech.edu/investor-events .
- Copies of the slides presented during the Investor Day event will be available via the website.
- A replay of the Investor Day webcast will also be available after the event via Lincoln’s website.
Mr. Shaw’s presentation will be webcast on Thursday, March 14th beginning at 9:15am EDT.
Key Points:
- Mr. Shaw’s presentation will be webcast on Thursday, March 14th beginning at 9:15am EDT.
- In addition to the presentation, Mr. Shaw will also be hosting virtual one-on-one meetings throughout the day on both Wednesday and Thursday, March 13th and 14th, respectively.
- Management will discuss the Company’s progress on their strategic goals, including highlighting their most recent quarterly performance.
- “I believe the recent business momentum has piqued investors and the Sidoti conference allows us to connect with both new and existing investors,” commented Mr. Shaw.
