secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001140361-22-018272
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Educational Q1 revenue up 5.8% to $82.6M; reiterates FY2022 guidance
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- Revenue $82.6M, up 5.8% YoY; average student population rose 4.4%.
- Adjusted EBITDA $2.4M vs $5.4M prior year; net loss with tax benefit of $0.6M.
- Full-year 2022 guidance reaffirmed: revenue $350-365M, adj. EBITDA $35-40M, net income $17-22M.
- Expects Q2 low double-digit start growth; sale of Nashville campus now Q3 with ~$34M net proceeds.
- Transportation/Trades segment revenue $58.8M (+5.6%); Healthcare segment $23.8M (+6.5%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036122018272/0001140361-22-018272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036122018272/brhc10037296_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-018272

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