Lincoln Educational Services (LINC) Misses Q4 EPS by 1c
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Lincoln Educational Reports 2017 Fourth Quarter and Year End Results
February 28, 2018 8:00 AM ESTFor the three months ended December 31, 2017:
Student Starts was up 11.2% on a same school basis. Total Student Starts growth was flat in the fourth quarter 2017. Net Income of $7.7 Million; $9.2 million on a same school basis.Transportation and Skilled Trades Student Starts up 7.2%; Healthcare and Other Professions Student Starts up 16.1%; Total Revenue of $67.4 million.Transportation and Skilled Trades Segment Revenue of $45.9 million; Healthcare and Other Professions Segment Revenue of $21.1 million.Adjusted EBITDA of $11.5 million on a Same School Basis. Please refer to the Reconciliation of Non-GAAP Financial Measures.All 2017... More