secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001140361-24-009410
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Educational Q4 revenue $102.5M (+13.6%); guides 2024 rev $410-420M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124009410/0001140361-24-009410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124009410/ef20022413_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-009410

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer