Key Points – Lincoln Educational Services posted a strong first quarter, with revenue up 22.5% to $144 million and adjusted EBITDA surging 84.7% to $15.5 million as student starts rose 19.5% and average student population increased. – The company raised full-year 2026 guidance…
ross key metrics, including revenue to $590 million-$600 million and adjusted EBITDA to $76 million-$80 million, while also keeping capital spending plans at $70 million-$75 million. – Lincoln generated positive operating cash flow for the first quarter and expanded its revolving credit line to $125 million, giving it more flexibility to fund new campuses, program expansions and other growth initiatives. – Fed Rate Cuts on the Horizon: Why These 2 Stocks Stand to Benefit Lincoln Educational Services (NASDAQ:LINC) reported a sharply stronger first quarter of 2026, with management pointing to broad demand for skilled trades training, new campus investments and operating efficiencies as drivers behind higher revenue, profitability and student starts. Chief Executive Officer and President Scott M
Shaw called the quarter “outstanding,” saying the company achieved 19.5% growth in student starts. He said about half of that growth came from organic operations, defined as campuses and programs opened before 2025. “We believe this metric is a solid proof point that Lincoln Tech is leading the way in an evolving skilled trades marketplace,” Shaw said. He cited demand for training in fields such as HVAC, electrical, automotive technology, welding and healthcare, and said employer demand for skilled workers continues to exceed supply.
Revenue and EBITDA Rise on Higher Student Population Chief Financial Officer and Executive Vice President Brian Meyers said first-quarter revenue increased 22.5% to $144 million, driven by an 18.2% increase in average student population and a 3.6% increase in revenue per student. He said the company has now recorded three years of consecutive double-digit quarterly…