Lincoln Educational Q2 Revenue Jumps 22% to $142.6M, Reiterates Full-Year Outlook
LINC has more than doubled off its 52-week low of $17.29 on elevated volume (2.0× avg).
Summary
Lincoln Educational Services delivered a strong Q2 with revenue up 22.4% to $142.6M and adjusted EBITDA up 42.4% to $12.7M. Operating cash flow swung to $22.1M generated from $0.3M a year ago. Student population grew 10.4% to 18,900, though student starts rose only 1% as fewer enrolled students attended the first day of class. Management noted changes in student decision-making but expects August starts to be one of the largest in history, driven by a revamped high school recruiting platform. Full-year guidance was reiterated, with capex raised to support the new Suitland campus and the Melrose Park property acquisition. This follows a series of insider sales in May and June, but the operational momentum and liquidity position of $143M provide a solid foundation. The August class outcome will be a key near-term indicator of whether the start growth reacceleration materializes.
At the time of this announcement, LINC was trading at $38.12 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $17.29 to $56.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.