secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001140361-24-024460
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LINC Q1 revenue up 19.7% to $103.4M; EBITDA triples; full-year guidance raised
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- Revenue $103.4M (+19.7% YoY); student starts up 15.3%; student population +11.2%.
- Adjusted EBITDA tripled to $6.5M; new $40M credit facility with Fifth Third Bank.
- Full-year 2024 guidance raised: revenue $418-428M, adjusted EBITDA $37-42M.
- New campus in East Point, GA opened; 5-year $6M training agreement with CMC.
- Ended quarter with $109M liquidity, no debt outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124024460/0001140361-24-024460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124024460/ef20028510_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-024460

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