Lincoln Educational Services (LINC) Tops Q4 EPS by 1c, Offers Guidance

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Go back to Lincoln Educational Services (LINC) Tops Q4 EPS by 1c, Offers Guidance

Lincoln Educational Services Reports Fourth Quarter & FY 2022 Results; Outlines Accelerated Organic Growth Plans

February 27, 2023 8:00 AM EST

PARSIPPANY, N.J., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced operating and financial results for the fourth quarter and full year ended December 31, 2022. In addition to providing its financial outlook for 2023, the Company introduced three-year growth objectives for financial performance driven by its business transformation investments and campus program expansions.

Fourth Quarter 2022 Financial Highlights and Recent Operating Developments  

Total Revenue of $91.8 million, up 4.5%; same school revenue up 4.8%Total student starts up 2.4%; same school student starts up 4.7%Adjusted EBITDA* of $15.7 million, up 7.4%Adjusted... More