{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-023346","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.268531+00:00","generated_at":"2026-06-15T12:22:51.096827+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lincoln Educational Q1 revenue up 6.9% to $86.4M; raises full-year guidance","bullets":["Q1 revenue $86.4M, +6.9% YoY; adjusted EBITDA $2.2M; new student starts +6.4%.","Raising FY2023 guidance: revenue $355-365M, adj. EBITDA $21-25M, adj. net income $9-12M.","Adopted CECL, reducing retained earnings by $7.9M net of taxes; no Q1 ops impact.","Repurchased 104k shares for $0.5M in Q1; total repurchases $10M since May 2022.","Atlanta campus on track for 2023; Somerville campus closing by year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-023346","json":"https://secwatch.observer/filing/0001140361-23-023346.json","markdown":"https://secwatch.observer/filing/0001140361-23-023346.md","text":"https://secwatch.observer/filing/0001140361-23-023346.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123023346/0001140361-23-023346-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123023346/brhc20052561_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T12:22:51.096827+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"66be4eb6f77b9b95592385f2172635b7978d6483","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported the first quarter ended March 31, 2023 results: revenue $86.4 million. Guidance raised.","evidence_excerpt":"First Quarter 2023 Financial Highlights and Recent Operating Developments * • Revenues of $86.4 million grew 6.9% • New student starts increased 6.4% • Adjusted EBITDA of $2.2 million • Increasing outlook for revenues and earnings for the full year *Note: The highlighted financial results exclude the Transitional segment and results and guidance in this release, including the highlights above, include references to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123023346/0001140361-23-023346-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$86.4 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}