---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-027487"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2021-08-09T23:59:59+00:00"
generated_at: "2026-06-29T18:08:59.001538+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational Q2 revenue $80.5M (+28.8%), net income $2.4M; raises FY2021 guidance

## Summary
- Revenue $80.5M vs $62.5M (+28.8%); student starts up 8.0% (19.1% adjusted for COVID delays).
- Net income $2.4M ($0.06 diluted EPS) vs $0.8M ($0.02) YoY; operating income $3.5M vs $1.2M.
- Adjusted EBITDA $6.1M vs $3.4M; cash from ops $9.4M; ending student population +11% to 12,860.
- FY2021 guidance raised: revenue growth 9-12% (prev. 7-12%), pre-tax income $24-27M (prev. $22-27M).
- Transportation & Skilled Trades segment revenue up 32.7% to $57.0M; operating income $11.3M vs $4.9M.

## SEC filing metadata
- accession: 0001140361-21-027487
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2021-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000114036121027487/0001140361-21-027487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036121027487/brhc10027719_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-027487
- JSON: https://secwatch.observer/filing/0001140361-21-027487.json
- Plain text: https://secwatch.observer/filing/0001140361-21-027487.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.