secwatch.observer — SEC 8-K summary
======================================

Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001140361-21-036924
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Ed Q3 rev $89.1M (+13%), operating income up 49.6%; closes sale-leaseback, retires all debt
--------------------------------------------------------------------------------

- Revenue $89.1M (+13% YoY), operating income $5.7M (+49.6%), net income $3.8M ($0.11 diluted EPS) vs $3.5M ($0.08).
- Student starts 5,430 (flat YoY); ending student population 14,000, up 6.4% YoY.
- Closed sale-leaseback of Denver and Grand Prairie properties; net proceeds $28.5M used to retire all outstanding debt.
- Full year 2021 guidance: revenue growth 12-14%, adjusted EBITDA $35-37M, pre-tax income $25-27M.
- Transportation & Skilled Trades segment revenue up 14.3%; Healthcare & Other Professions up 9.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036121036924/0001140361-21-036924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036121036924/brhc10030496_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-036924

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