{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-038529","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.441383+00:00","generated_at":"2026-06-12T00:58:43.822861+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 Q2 revenue up 9.8% to $88.2M; raises FY2023 guidance","bullets":["Revenue grew 9.8% to $88.2M, driven by 17.9% increase in new student starts and 8.6% higher revenue per student.","Adjusted EBITDA of $2.4M; net gain of $30.9M from sale of Nashville property, net proceeds $33.3M.","Full-year 2023 revenue guidance raised to $360M-$370M, adjusted EBITDA to $22M-$26M, adjusted net income to $10M-$13M.","Student start growth refined to upper end of prior range: 6%-10% (excluding ~150 starts shifted to 2024).","Closed sale of Nashville campus for $33.8M; entered rent-free lease for up to 15 months while relocating."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-038529","json":"https://secwatch.observer/filing/0001140361-23-038529.json","markdown":"https://secwatch.observer/filing/0001140361-23-038529.md","text":"https://secwatch.observer/filing/0001140361-23-038529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123038529/0001140361-23-038529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123038529/brhc20057056_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T00:58:43.822861+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":"5c2c5e4a49b19d38408ae1f49fd7389fec431467","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported second quarter ended June 30, 2023 results: revenue $88.2 million. Guidance raised.","evidence_excerpt":"Second Quarter 2023 Financial Highlights and Recent Operating Developments * • Revenue grew 9.8% to $88.2 million • New student starts increased 17.9% • Adjusted EBITDA of $2.4 million • Total liquidity of $95 million; No debt outstanding • Raising outlook for revenues and earnings for the full year and refining outlook for start growth to the upper end of previous range","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123038529/0001140361-23-038529-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$88.2 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"}