Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Lincoln Educational Services (LINC) announced its participation in the Midwest IDEAS Conference in Chicago on August 28-29, 2024. President and CEO Scott Shaw will present on August 28th at 1:20pm CT, highlighting the company’s strong business momentum and growth drivers. Key points include:
– Q2 2024 performance: 16.1% revenue growth, 12.3% increase in student starts, and doubled adjusted EBITDA compared to Q2 2023
– Transformation into an exceptional provider of education services meeting corporate and workforce needs
– Positioned to build on success and solid first-half performance
– Attracting new investors looking to capitalize on the U.S. skills gap
The presentation will be webcast through the company’s investor relations website.
Lincoln Educational Services (LINC) ha annunciato la sua partecipazione alla Midwest IDEAS Conference a Chicago il 28-29 agosto 2024. Il Presidente e CEO Scott Shaw presenterà il 28 agosto alle 13:20 CT, evidenziando il forte slancio commerciale e i fattori di crescita dell’azienda. I punti chiave includono:
– Performance del secondo trimestre 2024: crescita dei ricavi del 16,1%, aumento del 12,3% nelle iscrizioni degli studenti e raddoppio dell’EBITDA rettificato rispetto al secondo trimestre 2023
– Trasformazione in un fornitore eccezionale di servizi educativi in grado di soddisfare le esigenze aziendali e del mercato del lavoro
– Posizionati per costruire sul successo e su una solida performance nella prima metà dell’anno
– Attrarre nuovi investitori pronti a capitalizzare sul gap di competenze negli Stati Uniti
La presentazione sarà trasmessa in streaming attraverso il sito web delle relazioni con gli investitori dell’azienda.
Lincoln Educational Services (LINC) anunció su participación en la Conferencia Midwest IDEAS en Chicago el 28-29 de agosto de 2024. El Presidente y CEO Scott Shaw presentará el 28 de agosto a la 1:20 p.m. CT, destacando el sólido impulso comercial y los factores de crecimiento de la empresa. Los puntos clave incluyen:
– Desempeño del segundo trimestre de 2024: crecimiento de ingresos del 16.1%, aumento del 12.3% en nuevos estudiantes y duplicación del EBITDA ajustado en comparación con el segundo trimestre de 2023
– Transformación en un proveedor excepcional de servicios educativos que satisfacen las necesidades corporativas y del mercado laboral
– Posicionados para construir sobre el éxito y una sólida performance en la primera mitad del año
– Atrayendo nuevos inversores que buscan capitalizar la brecha de habilidades en EE. UU.
La presentación se transmitirá por webcast a través del sitio web de relaciones con inversores de la empresa.
링컨 교육 서비스 (LINC)는 2024년 8월 28일부터 29일까지 시카고에서 열리는 미드웨스트 아이디어 컨퍼런스에 참가한다고 발표했습니다. 사장 겸 CEO인 스콧 쇼가 8월 28일 1:20 PM CT에 발표를 하며 회사의 강력한 비즈니스 모멘텀과 성장 동력을 강조합니다. 주요 사항은 다음과 같습니다:
– 2024년 2분기 실적: 16.1%의 수익 성장, 12.3%의 학생 시작 증가 및 조정된 EBITDA 두 배 증가 (2023년 2분기 대비)
– 기업 및 노동력 요구를 충족하는 탁월한 교육 서비스 제공자로의 전환
– 성공과 상반기 성과를 바탕으로 한 추가 성장 가능성
– 미국의 기술 격차를 활용하고자 하는 새로운 투자자 유치
발표는 회사의 투자자 관계 웹사이트를 통해 웹캐스트됩니다.
Lincoln Educational Services (LINC) a annoncé sa participation à la Midwest IDEAS Conference à Chicago les 28 et 29 août 2024. Le Président et CEO Scott Shaw fera une présentation le 28 août à 13h20 CT, mettant en avant le fort élan commercial et les moteurs de croissance de l’entreprise. Les points clés incluent :
– Performance du 2ème trimestre 2024 : croissance des revenus de 16,1 %, augmentation de 12,3 % des nouvelles inscriptions et doublement de l’EBITDA ajusté par rapport au 2ème trimestre 2023
– Transformation en un fournisseur exceptionnel de services éducatifs répondant aux besoins des entreprises et du marché du travail
– Positionné pour capitaliser sur le succès et la performance solide de la première moitié de l’année
– Attirer de nouveaux investisseurs souhaitant tirer parti du fossé de compétences aux États-Unis
La présentation sera diffusée par webcast via le site web des relations investisseurs de l’entreprise.
Lincoln Educational Services (LINC) hat seine Teilnahme an der Midwest IDEAS Conference in Chicago am 28. und 29. August 2024 bekannt gegeben. Präsident und CEO Scott Shaw wird am 28. August um 13:20 Uhr CT präsentieren und die starke Geschäftsdynamik und Wachstumstreiber des Unternehmens hervorheben. Die wichtigsten Punkte sind:
– Q2 2024 Leistung: 16,1% Umsatzwachstum, 12,3% Anstieg der Studienanfänger und verdoppelte angepasste EBITDA im Vergleich zu Q2 2023
– Transformation zu einem herausragenden Anbieter von Bildungsdienstleistungen, die den Anforderungen von Unternehmen und Arbeitskräften gerecht werden
– Positioniert, um auf den Erfolgen und der soliden Leistung in der ersten Jahreshälfte aufzubauen
– Gewinnung neuer Investoren, die auf die Fähigkeitenlücke in den USA setzen möchten
Die Präsentation wird über die Investor-Relations-Website des Unternehmens übertragen.
Positive
- Q2 2024 revenue grew 16.1% year-over-year
- Student starts increased by 12.3% in Q2 2024
- Adjusted EBITDA more than doubled compared to Q2 2023
- Solid first-half performance in 2024
Presentation Scheduled for 1:20pm CT on August 28, 2024
PARSIPPANY, N.J., Aug. 23, 2024 (GLOBE NEWSWIRE) — 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 attending the Midwest IDEAS Conference, being held in Chicago, IL, on August 28th and 29th. Mr. Shaw will highlight the continued business momentum and growth drivers generating increased shareholder valuation, including the continued strong performance during the Company’s second quarter ended June 30, 2024, with revenue growing 16.1%, student starts increasing 12.3% and adjusted EBITDA more than doubling compared to the year-ago quarter.
The Company’s presentation will be on Wednesday, August 28th and is scheduled to begin at 1:20pm CT. The presentation will be webcast and can be accessed through the investor relations section of the Company’s website: www.lincolntech.edu. Investors should reach out to the conference representatives, or mpolyviou@evcgroup.com to schedule one-on-one meetings with Lincoln’s management team.
“Our recently reported second quarter results and continued progress clearly demonstrate that we have transformed our company into an exceptional provider of education services that meet the needs of America’s corporations as well as America’s workforce,” commented Mr. Shaw. “Furthermore, we are positioned to build on our success and the solid first half performance. I believe our performance is attracting new investors seeking to leverage and capitalize on the skills gap in the U.S. and our participation at the IDEAS conference is a tremendous opportunity to meet these firms and share our vision for Lincoln.”
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 STATEMENTS
Statements 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
FAQ
When is Lincoln Educational Services (LINC) presenting at the Midwest IDEAS Conference?
Lincoln Educational Services (LINC) is scheduled to present at the Midwest IDEAS Conference on Wednesday, August 28, 2024, at 1:20pm CT.
What were Lincoln Educational Services’ (LINC) key financial results for Q2 2024?
In Q2 2024, Lincoln Educational Services (LINC) reported 16.1% revenue growth, a 12.3% increase in student starts, and more than doubled adjusted EBITDA compared to the same quarter in the previous year.
How can investors access Lincoln Educational Services’ (LINC) presentation at the Midwest IDEAS Conference?
Investors can access the webcast of Lincoln Educational Services’ (LINC) presentation through the investor relations section of the company’s website at www.lincolntech.edu.
What growth opportunities is Lincoln Educational Services (LINC) focusing on?
Lincoln Educational Services (LINC) is focusing on capitalizing on the skills gap in the U.S. by providing education services that meet the needs of both American corporations and the workforce.
