Lincoln Educational Services to Meet Institutional Investors at Barrington Research Virtual Fall Conference being Held on September 12th
September 04 2024 - 1:27PM
Lincoln Educational Services Corporation (Nasdaq: LINC) (the
“Company”), a national leader in specialized technical training for
more than 75 years, today announced that Scott Shaw, President
and CEO, will be participating at the 17th Annual Barrington
Research Virtual Fall Investment Conference, being held on
Thursday, September 12th, 2024. Investors should reach out to their
Barrington sales representatives or contact mpolyviou@evcgroup.com
to schedule a virtual one-on-one meeting with Lincoln’s management
team.
Mr. Shaw will review the recent second quarter
performance, with revenue growing 16.1%, student starts increasing
12.3% and adjusted EBITDA more than doubling compared to the
year-ago second quarter. Mr. Shaw will also provide an overview of
the Company, its growth drivers and how it is uniquely positioned
to execute its long term business strategy to increase shareholder
valuation.
“Our continued success is attracting new
investors to the Lincoln Educational Services story, and we believe
events like the Barrington conference allow us to reach a broader
investor audience seeking new investment ideas,” commented Mr.
Shaw. “We have a compelling story and the opportunity ahead of us
is exciting, especially as we open new campuses and expand
in-demand programs to other campuses to meet the growing demand for
skilled and essential employees, which is necessary to fuel the
U.S. economy.”
ABOUT LINCOLN EDUCATIONAL SERVICES
CORPORATION
Lincoln Educational Services Corporation is a
leading provider of diversified career-oriented post-secondary
education helping to provide solutions to America’s skills gap.
Lincoln offers career-oriented programs to recent high school
graduates and working adults in five principal areas of study:
automotive technology, health sciences, skilled trades, business
and information technology, and hospitality services. Lincoln has
provided the workforce with skilled technicians since its inception
in 1946 and currently operates 22 campuses in 13 states under
Lincoln College of Technology, Lincoln Technical Institute, Lincoln
Culinary Institute, Euphoria Institute of Beauty Arts and Sciences
and associated brand names. For more information, please go to
www.lincolntech.edu.
FORWARD-LOOKING
STATEMENTSStatements in this press release and in oral
statements made from time to time by representatives of Lincoln
Educational Services Corporation regarding Lincoln’s business that
are not historical facts, including those made in a conference
call, may be “forward-looking statements” as that term is defined
in the federal securities law. The words “may,” “will,” “expect,”
“believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,”
and “continue,” and their opposites and similar expressions are
intended to identify forward-looking statements. Forward-looking
statements are based on information available at the time those
statements are made and/or management’s good faith belief as of
that time with respect to future events, and are subject to risks
and uncertainties that could cause actual performance or results to
differ materially from those expressed in or suggested by the
forward-looking statements. Forward-looking statements should not
be read as a guarantee of future performance or results and will
not necessarily be accurate indications of the times at, or by,
which such performance or results will be achieved, if at all.
Generally, these statements relate to business plans or strategies
and projections involving anticipated revenues, earnings, or other
aspects of the Company’s operating results. Such forward-looking
statements include the Company’s current belief that it is taking
appropriate steps regarding the pandemic and that student growth
will continue. The Company cautions you that these statements
concern current expectations about the Company’s future performance
or events and are subject to a number of uncertainties, risks, and
other influences, many of which are beyond the Company’s control,
that may influence the accuracy of the statements and the projects
upon which the statements are based including, without limitation,
impacts related to the COVID-19 pandemic or other epidemics or
pandemics; our failure to comply with the extensive regulatory
framework applicable to our industry or our failure to obtain
timely regulatory approvals in connection with acquisitions or a
change of control of our Company; our success in updating and
expanding the content of existing programs and developing new
programs for our students in a cost-effective manner or on a timely
basis; risks associated with changes in applicable federal laws and
regulations; uncertainties regarding our ability to comply with
federal laws and regulations, such as the 90/10 rule and prescribed
cohort default rates; risks associated with the opening of new
campuses; risks associated with integration of acquired schools;
industry competition; our ability to execute our growth strategies;
conditions and trends in our industry; general economic conditions;
and other factors discussed in the “Risk Factors” section of our
Annual Reports and Quarterly Reports filed with the Securities and
Exchange Commission. All forward-looking statements are
qualified in their entirety by this cautionary statement, and
Lincoln undertakes no obligation to publicly revise or update any
forward-looking statements, whether as a result of new information,
future events or otherwise after the date hereof.
CONTACT: |
EVC Group
LLC |
|
Michael Polyviou, mpolyviou@evcgroup.com |
|
732-933-2754 |
Lincoln Educational Serv... (NASDAQ:LINC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Lincoln Educational Serv... (NASDAQ:LINC)
Historical Stock Chart
From Sep 2023 to Sep 2024