secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001140361-24-045953
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Ed Services Q3 revenue up 15% to $114.4M; raises 2024 guidance
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- Revenue $114.4M (+15% YoY); net income $4.0M; adjusted EBITDA $10.2M (+67% YoY).
- Student starts grew 21.1%; quarter-end student population up 13.3%.
- Raised 2024 guidance: revenue $430-435M, adjusted EBITDA $41-43M, student start growth 13-15%.
- East Point, GA campus generated $5.0M revenue since March launch; Q3 EBITDA positive.
- Corporate partnerships expanded; plans to extend hybrid platform to nursing programs over 18 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124045953/0001140361-24-045953-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124045953/ef20038390_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045953

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