Lincoln Educational Services (LINC) Misses Q1 EPS by 24c

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Go back to Lincoln Educational Services (LINC) Misses Q1 EPS by 24c

Lincoln Educational Services Reports First Quarter Results; Student Starts for Transportation & Skilled Trades Segment Up 3.9%

May 11, 2017 8:00 AM EDT

Board Ends Divesture Process for Healthcare and Other Professions Segment (HOPS)Total Revenue of $65.3 Million; Transportation & Skilled Trades $42.2 Million, Healthcare and Other Professions $18.8 Million; and Transitional $4.3 MillionRepays and Replaces $44.3 Million Term Loan with New Up-to-$55.0 Million Secured Revolving Credit Facility Having More Favorable TermsEnters into Additional $8.0 Million Short Term Secured Term Loan Collateralized by West Palm Beach Property that is Currently Under Contract to Sell for $16.3 MillionReiterates Previously Provided Guidance and Updates to Reflect HOPS SegmentConference Call Today at 10 a.m. ET

WEST ORANGE, N.J., May 11, 2017 (GLOBE NEWSWIRE)... More