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Complete financial analysis of Lincoln Educational Services Corporation (LINC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lincoln Educational Services Corporation, a leading company in the Education & Training Services industry within the Consumer Defensive sector.
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Lincoln Educational Services Corporation (LINC)
Industry: Education & Training Services
Sector: Consumer Defensive
Website: https://www.lincolntech.edu
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments: Transportation and Skilled Trades, and Healthcare and Other Professions. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services programs, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology programs. The company operates 22 schools in 14 states under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, Euphoria Institute of Beauty Arts and Sciences, and other brand names. As of December 31, 2021, it had 13,059 students enrolled at 22 campuses. The company was founded in 1946 and is based in Parsippany, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 378.07M | 348.29M | 335.34M | 293.10M | 273.34M | 263.20M | 261.85M | 196.91M | 193.22M | 325.02M | 345.02M | 402.70M | 512.63M | 639.49M | 552.54M | 376.91M | 327.77M | 321.51M | 299.22M | 261.28M | 198.88M | 139.20M | 105.74M |
| Cost of Revenue | 162.28M | 148.75M | 138.93M | 122.20M | 123.50M | 125.37M | 129.41M | 94.92M | 92.17M | 164.35M | 172.69M | 192.21M | 222.96M | 239.74M | 211.30M | 153.53M | 139.50M | 136.63M | 121.52M | 104.84M | 85.20M | 66.58M | 52.95M |
| Gross Profit | 215.80M | 199.54M | 196.41M | 170.90M | 149.85M | 137.83M | 132.44M | 101.99M | 101.06M | 160.67M | 172.34M | 210.49M | 289.67M | 399.76M | 341.24M | 223.38M | 188.27M | 184.88M | 177.70M | 156.43M | 113.68M | 72.62M | 52.79M |
| Gross Profit Ratio | 57.08% | 57.29% | 58.57% | 58.31% | 54.82% | 52.37% | 50.58% | 51.79% | 52.30% | 49.43% | 49.95% | 52.27% | 56.51% | 62.51% | 61.76% | 59.27% | 57.44% | 57.50% | 59.39% | 59.87% | 57.16% | 52.17% | 49.92% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 170.94M | 147.39M | 135.82M | 125.00M | 115.38M | 111.84M | 111.78M | 75.13M | 70.12M | 150.44M | 162.89M | 174.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 38.20M | 35.00M | 33.10M | 31.20M | 29.80M | 29.40M | 27.00M | 28.00M | 28.20M | 18.00M | 15.60M | 30.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 209.14M | 182.39M | 168.92M | 156.20M | 145.18M | 141.24M | 138.78M | 103.13M | 98.32M | 168.44M | 178.49M | 204.30M | 244.40M | 270.88M | 252.67M | 187.72M | 162.40M | 157.31M | 145.19M | 130.94M | 97.71M | 0.00 | 59.02M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.71M | 4.14M | 297.00K | 18.00K | 14.00K | 0.00 | -8.00K | 0.00 | 80.00K | -15.00K | -435.00K | -7.00K | 368.00K | -22.00K | -70.67M | 0.00 |
| Operating Expenses | 209.14M | 182.39M | 168.92M | 156.20M | 145.18M | 141.24M | 138.78M | 103.13M | 98.32M | 168.44M | 178.49M | 204.30M | 244.40M | 270.88M | 252.67M | 187.80M | 162.38M | 156.87M | 145.19M | 131.31M | 97.69M | -70.67M | 59.02M |
| Cost & Expenses | 344.71M | 331.14M | 307.85M | 278.40M | 268.67M | 266.62M | 268.19M | 198.05M | 190.48M | 332.79M | 351.18M | 396.50M | 467.36M | 510.62M | 463.97M | 341.33M | 301.88M | 293.51M | 266.71M | 236.15M | 182.89M | 66.58M | 111.97M |
| Interest Income | 2.63M | 318.00K | 2.02M | 1.28M | 8.00K | 31.00K | 56.00K | 155.00K | 52.00K | 153.00K | 37.00K | 2.00K | 50.00K | 30.00K | 29.00K | 180.00K | 0.00 | 981.00K | 775.00K | 0.00 | 133.00K | 0.00 | 0.00 |
| Interest Expense | 347.00K | 160.00K | 2.02M | 1.28M | 2.96M | 2.42M | 7.10M | 6.00M | 7.44M | 5.61M | 4.67M | 4.48M | 4.37M | 4.53M | 4.28M | 2.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 6.77M | 6.36M | 7.14M | 7.40M | 8.12M | 8.42M | 8.70M | 11.07M | 14.51M | 19.34M | 23.70M | 26.85M | 28.46M | 26.22M | 24.24M | 17.92M | 15.93M | 15.06M | 13.28M | 11.12M | 7.83M | 70.67M | 5.47M |
| EBITDA | 42.76M | 23.51M | 56.40M | 22.18M | 12.79M | 4.50M | 4.04M | -10.91M | 19.41M | 17.51M | 19.97M | 14.12M | 63.42M | 148.93M | 112.62M | 53.61M | 25.89M | 45.68M | 48.37M | 36.21M | 26.25M | 72.62M | -759.00K |
| EBITDA Ratio | 11.31% | 5.02% | 8.20% | 5.02% | 4.68% | -1.29% | -2.40% | 2.91% | 3.59% | -2.25% | -1.77% | 1.54% | 8.84% | 20.16% | 16.03% | 14.21% | 12.75% | 13.30% | 15.22% | 14.01% | 11.86% | 52.17% | -0.72% |
| Operating Income | 33.36M | 11.11M | 20.34M | 7.30M | 5.24M | -3.95M | -4.72M | -5.16M | 778.00K | -48.55M | -9.56M | -27.66M | 34.89M | 122.64M | 88.32M | 35.58M | 25.89M | 28.00M | 32.51M | 25.12M | 15.99M | 1.95M | -6.23M |
| Operating Income Ratio | 8.82% | 3.19% | 6.07% | 2.49% | 1.92% | -1.50% | -1.80% | -2.62% | 0.40% | -14.94% | -2.77% | -6.87% | 6.81% | 19.18% | 15.98% | 9.44% | 7.90% | 8.71% | 10.86% | 9.62% | 8.04% | 1.40% | -5.89% |
| Total Other Income/Expenses | 2.28M | 158.00K | -2.02M | -1.28M | -2.96M | -2.39M | -7.04M | 810.00K | -321.00K | -30.05M | -4.61M | -19.37M | -4.36M | -4.46M | -4.21M | -2.04M | -2.13M | -1.44M | 705.00K | -2.86M | -2.11M | -2.73M | -1.35M |
| Income Before Tax | 35.64M | 16.44M | 47.25M | 13.51M | 2.28M | -6.35M | -11.76M | -4.30M | -2.47M | -53.71M | -14.17M | -32.12M | 30.59M | 118.18M | 84.11M | 33.54M | 23.76M | 26.56M | 30.64M | 22.22M | 13.57M | -775.00K | -7.59M |
| Income Before Tax Ratio | 9.43% | 4.72% | 14.09% | 4.61% | 0.84% | -2.41% | -4.49% | -2.18% | -1.28% | -16.53% | -4.11% | -7.98% | 5.97% | 18.48% | 15.22% | 8.90% | 7.25% | 8.26% | 10.24% | 8.50% | 6.83% | -0.56% | -7.18% |
| Income Tax Expense | 9.64M | 3.80M | 12.53M | -35.06M | 268.00K | 200.00K | -274.00K | 200.00K | 242.00K | -4.23M | 19.59M | -8.24M | 13.05M | 48.45M | 34.87M | 13.34M | 9.93M | 11.01M | 11.93M | 9.24M | 5.36M | -101.00K | -2.94M |
| Net Income | 26.00M | 12.63M | 34.72M | 48.57M | 2.02M | -6.55M | -11.48M | -28.30M | -3.35M | -56.13M | -51.29M | -37.19M | 17.54M | 69.73M | 49.24M | 20.20M | 8.34M | 15.55M | 18.71M | 12.98M | 8.22M | -674.00K | -4.65M |
| Net Income Ratio | 6.88% | 3.63% | 10.35% | 16.57% | 0.74% | -2.49% | -4.39% | -14.37% | -1.73% | -17.27% | -14.86% | -9.23% | 3.42% | 10.90% | 8.91% | 5.36% | 2.54% | 4.84% | 6.25% | 4.97% | 4.13% | -0.48% | -4.39% |
| EPS | 0.86 | 0.36 | 1.04 | 1.49 | 0.08 | -0.27 | -0.48 | -1.21 | -0.14 | -2.46 | -2.28 | -1.68 | 0.80 | 2.86 | 1.87 | 0.80 | 0.33 | 0.61 | 0.80 | 0.60 | 0.38 | -0.03 | -0.22 |
| EPS Diluted | 0.85 | 0.36 | 1.04 | 1.49 | 0.08 | -0.27 | -0.48 | -1.21 | -0.14 | -2.46 | -2.28 | -1.68 | 0.79 | 2.79 | 1.82 | 0.78 | 0.32 | 0.60 | 0.76 | 0.56 | 0.37 | -0.03 | -0.22 |
| Weighted Avg Shares Out | 30.11M | 25.88M | 25.08M | 24.75M | 24.55M | 24.24M | 23.91M | 23.39M | 23.17M | 22.81M | 22.51M | 22.20M | 22.02M | 24.42M | 26.34M | 25.31M | 25.48M | 25.34M | 23.48M | 21.68M | 21.67M | 21.66M | 21.36M |
| Weighted Avg Shares Out (Dil) | 30.54M | 25.88M | 25.08M | 24.75M | 24.55M | 24.42M | 23.91M | 23.45M | 23.17M | 22.81M | 22.51M | 22.20M | 22.16M | 25.02M | 27.10M | 25.98M | 26.09M | 26.09M | 24.50M | 23.10M | 22.36M | 21.66M | 21.36M |
Earnings Estimates Moving Higher for Lincoln Educational Services Corporation (LINC): Time to Buy?
Lincoln Educational Services Corporation (LINC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Lincoln Educational Services Corporation (LINC) Is Up 22.22% in One Week: What You Should Know
Does Lincoln Educational Services Corporation (LINC) have what it takes to be a top stock pick for momentum investors? Let's find out.
What Makes Lincoln Educational Services Corporation (LINC) a Good Fit for 'Trend Investing'
If you are looking for stocks that are well positioned to maintain their recent uptrend, Lincoln Educational Services Corporation (LINC) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Lincoln Educational Services Corporation (LINC) Q2 2023 Earnings Call Transcript
Lincoln Educational Services Corporation (NASDAQ:LINC ) Q2 2023 Earnings Conference Call August 7, 2023 10:00 AM ET Company Participants Michael Polyviou - Investor Relations Scott Shaw - President & Chief Executive Officer Brian Meyers - Chief Financial Officer Conference Call...
Why Lincoln Educational Services Stock Jumped on Monday
Student enrollment was surprisingly strong. The company sees the positive momentum carrying through 2023.
Lincoln Educational Services Corporation (LINC) Q2 Earnings and Revenues Beat Estimates
Lincoln Educational Services Corporation (LINC) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to break-even earnings per share a year ago.
Lincoln Educational Services Reports Strong Second Quarter Results with Student Starts Increasing 17.9% and 9.8% Revenue Growth
PARSIPPANY, N.J., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the second quarter as well as recent business developments.
Lincoln Tech's Marietta, GA Campus Named a School of Distinction
One of less than 20 schools nationwide selected by top accrediting body. One of less than 20 schools nationwide selected by top accrediting body.
Lincoln Educational Services Corporation Schedules Second Quarter Earnings Release and Conference Call
PARSIPPANY, N.J., July 25, 2023 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its second quarter financial results on Monday, August 7, 2023 at 10:00 a.m. Eastern...
Lincoln (LINC) Completes Nashville Campus Divestiture to SLC
Lincoln's (LINC) planned divestiture of the Nashville campus is in line with its business strategy.
Source: https://incomestatements.info
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