Lincoln Educational Services to Provide Business Overview and Highlight Growth Strategy at Midwest IDEAS Conference
23 Agosto 2024 - 5:19PM
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
STATEMENTSStatements 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
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