{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-009410","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.684886+00:00","generated_at":"2026-06-05T14:40:05.192026+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 Q4 revenue $102.5M (+13.6%); guides 2024 rev $410-420M","bullets":["Q4 revenue $102.5M (+13.6% YoY); new student starts +16%; EPS $0.23.","FY2023 revenue $376.6M (+10.3%); adj. EBITDA $26.5M; cash $80.3M; no debt.","2024 guidance: rev $410-420M, adj. EBITDA $35-40M, capEx $65-70M, starts +7-12%.","New $40M Fifth Third credit facility; $11M sale-leaseback of Levittown; East Point opens Mar 2024.","Investor Day Mar 19, 2024; Houston campus expected 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-009410","json":"https://secwatch.observer/filing/0001140361-24-009410.json","markdown":"https://secwatch.observer/filing/0001140361-24-009410.md","text":"https://secwatch.observer/filing/0001140361-24-009410.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124009410/0001140361-24-009410-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124009410/ef20022413_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:40:05.192026+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":"90a5fd2b8673051a864bdc13391c954f6b97d650","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported the fourth quarter and year ended December 31, 2023 results: revenue $102.5 million, EPS $0.23.","evidence_excerpt":"results for the fourth quarter and full year ended December 31, 2023, as well as recent business developments. Fourth Quarter 2023 Financial Highlights* • Revenue grew 13.6% to $102.5 million • New student starts increased 16.0% • Adjusted EBITDA of $15.7 million • Adjusted net income of $10.0 million • Earnings per share of $0.23 • Cashflow from operations of $21.9","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124009410/0001140361-24-009410-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$102.5 million"},{"label":"EPS","value":"$0.23"},{"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"}