{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-051529","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.531494+00:00","generated_at":"2026-06-08T19:13:49.122261+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 Ed Q3: revenue $99.5M (+10.5%), EPS $0.07, raises FY2023 guidance","bullets":["Revenue grew 10.5% to $99.5M; adjusted EBITDA $6.1M; EPS $0.07.","New student starts up 7.1%; average revenue per student up 7.3%.","Full-year guidance raised: revenue $370–375M, adjusted EBITDA $24–26M, student start growth 8–11%.","New Houston campus (100k sq ft) announced; Nashville/Philadelphia relocations/expansions; Atlanta campus on track for Q1 2024.","No debt outstanding; total liquidity $70.3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-051529","json":"https://secwatch.observer/filing/0001140361-23-051529.json","markdown":"https://secwatch.observer/filing/0001140361-23-051529.md","text":"https://secwatch.observer/filing/0001140361-23-051529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123051529/0001140361-23-051529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123051529/ef20014081_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T19:13:49.122261+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":"64322be0028176ba8db2546775a8ddce9b039843","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported the third quarter ended September 30, 2023 results: revenue $99.5 million, EPS $0.07. Guidance raised.","evidence_excerpt":"Third Quarter 2023 Financial Highlights and Recent Operating Developments * • Revenue grew 10.5% to $99.5 million • New student starts increased 7.1% • Adjusted EBITDA of $6.1 million • Earnings per share of $0.07 • Total liquidity of $70.3 million; no debt outstanding • Recently announced strategic growth plans include new Houston campus and relocation and expansion of Nashville and Philadelphia campuses • Raised outlook for full year revenue, student starts and adjusted net income; raised lower end of adjusted EBITDA range; reduced 2023 capital expenditures due to timing *Note: The highlighted financial results exclude the Transitional segment.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036123051529/0001140361-23-051529-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$99.5 million"},{"label":"EPS","value":"$0.07"},{"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"}