Lincoln Educational Services Raises Full-Year Revenue Guidance Following Strong Third Quarter Results
Lincoln Educational Services (LINC) reported strong third-quarter performance, highlighted by an 11% increase in its average student population and a 14.2% year-over-year rise in student starts. Driven by improved marketing lead conversions, the company has raised its full-year revenue guidance to a range of $600 million to $605 million. The vocational education provider is also implementing a new 'focus campus' model designed to reduce capital expenditures. For example, a new facility in Suitland, Maryland, targeting data center technicians is expected to cost $10 million compared to the traditional $25 million build-out. This strategy aims to drive higher operating margins and support long-term growth targets of $850 million in revenue by 2030.
Tickers: $LINC
Topics: earnings report revenue guidance share buyback student enrollment vocational education