secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0001140361-21-027487
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036121027487/0001140361-21-027487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036121027487/brhc10027719_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-027487

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer