Lincoln Educational Services to Highlight Growth Drivers and Business Momentum at Several Upcoming Industry and Investor Events
22 May 2024 - 5:49AM
Lincoln Educational Services Corporation (Nasdaq:
LINC), a national leader in specialized technical training
for more than 75 years, today announced that Scott Shaw, President
and CEO, and Brian Meyers, Chief Financial Officer, will be
attending several investor conferences and meetings in May and
June, highlighting the continued business momentum and growth
drivers generating increased shareholder valuation.
- May 22nd and
23rd - B. Riley Securities 24th Annual Institutional Investor
Conference in Beverly Hills, CA will be holding a fireside chat
with Mr. Shaw on Thursday, May 23rd at 1pm PT (4pm ET). One-on-one
meetings with management may also be arranged.
- May
30th - Lytham Partners Spring 2024 Investor Conference. A
webcasted presentation will take place at 2:00 p.m. ET on Thursday,
May 30. The webcast can be accessed by visiting the conference home
page at https://lythampartners.com/spring2024/ or directly at
https://wsw.com/webcast/lytham11/linc/2079462. The webcast will
also be available for replay following the event. Management will
be participating in virtual one-on-one meetings throughout the
event. To arrange a meeting with management, please contact Lytham
Partners at 1×1@lythampartners.com or register for the event at
https://lythampartners.com/spring2024invreg/.
- June 12th
and 13th – The 14th Annual East Coast IDEAS Conference being
held in New York City.
- June
18th – Lake Street Capital Market hosted non-deal road show in
Minneapolis, MN.
- June 20th
and 21st – Barrington Research Associates hosted non-deal road
show in Milwaukee, WI and Chicago, IL, respectively.
Investors should reach out to their sales representatives to
schedule meetings with Lincoln’s management team.
“We recently reported a strong start to the year as first
quarter student starts increased 15% and revenue grew 20%, giving
us the confidence to raise our financial guidance for the 2024 full
year,” commented Mr. Shaw. “Our results and outlook reflect
the increased interest from students to seek rewarding careers in
the automotive, skilled trades and healthcare sectors and the
demand we are experiencing from employers for qualified employees
to ensure their businesses can achieve their growth objectives. I
believe the Lincoln story is resonating with corporate partners and
investors, and our goal at these events is to demonstrate the value
we provide to employers and share our vision and the enhanced
valuation potential our shares offer through the successful
execution of our business plan.”
About Lincoln Educational Services
CorporationLincoln Educational Services Corporation is a
leading provider of diversified career-oriented post-secondary
education. Lincoln offers recent high school graduates and working
adults career-oriented programs in five principal areas of study:
automotive technology, health sciences, skilled trades, information
technology, and hospitality services. Lincoln has provided the
workforce with skilled technicians since its inception in
1946.Lincoln currently operates 22 campuses in 13 states under four
brands: Lincoln Technical Institute, Lincoln College of Technology,
and Euphoria Institute of Beauty Arts and Sciences. Lincoln
also operates Lincoln Culinary Institute in the states of
Connecticut and Maryland. For more information, go
to www.LincolnTech.edu
FORWARD-LOOKING STATEMENTSStatements in this press
release and in oral statements made from time to time by
representatives of Lincoln Educational Services Corporation
regarding Lincoln’s business that are not historical facts,
including those made in a conference call, may be “forward-looking
statements” as that term is defined in the federal securities law.
The words “may,” “will,” “expect,” “believe,” “anticipate,”
“project,” “plan,” “intend,” “estimate,” and “continue,” and their
opposites and similar expressions are intended to identify
forward-looking statements. Forward-looking statements are based on
information available at the time those statements are made and/or
management’s good faith belief as of that time with respect to
future events, and are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in or suggested by the forward-looking statements.
Forward-looking statements should not be read as a guarantee of
future performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved, if at all. Generally, these
statements relate to business plans or strategies and projections
involving anticipated revenues, earnings or other aspects of the
Company’s operating results. Such forward-looking statements
include the Company’s current belief that it is taking appropriate
steps regarding the pandemic and that student growth will continue.
The Company cautions you that these statements concern current
expectations about the Company’s future performance or events and
are subject to a number of uncertainties, risks and other
influences many of which are beyond the Company’s control, that may
influence the accuracy of the statements and the projects upon
which the statements are based including, without limitation,
impacts related to the COVID-19 pandemic, our inability to close on
the sale of our Nashville campus; our failure to comply with the
extensive regulatory framework applicable to our industry or our
failure to obtain timely regulatory approvals in connection with
acquisitions or a change of control of our Company; our success in
updating and expanding the content of existing programs and
developing new programs for our students in a cost-effective manner
or on a timely basis; risks associated with changes in applicable
federal laws and regulations; uncertainties regarding our ability
to comply with federal laws and regulations, such as the 90/10 rule
and prescribed cohort default rates; risks associated with the
opening of new campuses; risks associated with integration of
acquired schools; industry competition; our ability to execute our
growth strategies; conditions and trends in our industry; the
COVID-19 pandemic and its impact on our business and the U.S. and
global economics; general economic conditions; and other factors
discussed in the “Risk Factors” section of our Annual Reports and
Quarterly Reports filed with the Securities and Exchange
Commission. All forward-looking statements are qualified in
their entirety by this cautionary statement, and Lincoln undertakes
no obligation to publicly revise or update any forward-looking
statements, whether as a result of new information, future events
or otherwise after the date hereof.
Peter Tahinos
Lincoln Educational Services
973-766-9656
PTahinos@lincolntech.edu
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