See more : Ora Banda Mining Limited (ESGFF) Income Statement Analysis – Financial Results
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 |
Lincoln Educational price target raised to $20 from $16 at Barrington
Barrington raised the firm's price target on Lincoln Educational to $20 from $16 and keeps an Outperform rating on the shares after Q3 results topped expectations and FY24 guidance was raised. The stock is up 61% year-to-date, but is trading...
Lincoln Educational Services Corporation (LINC) Q3 Earnings Miss Estimates
Lincoln Educational Services Corporation (LINC) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.11 per share a year ago.
Lincoln Educational Services Reports Double Digit Growth in Revenue and Student Starts for the Third Quarter 2024 and Raises 2024 Outlook
PARSIPPANY, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the third quarter ended September 30, 2024, as well as recent business developments.
Lincoln Tech and Johnson Controls Partnership Delivers Over 500 Skilled Building Trade Hires Nationwide Since 2018
PARSIPPANY, NJ – November 7, 2024, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has announced that its partnership with Johnson Controls has resulted...
Lincoln Educational Services (LINC) Soars 9.1%: Is Further Upside Left in the Stock?
Lincoln Educational Services (LINC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Lincoln Tech Board Members Recognized by Board Prospects Magazine
Anna Cabral, Marta Newhart Named to Top 100 Latino Board Members List Anna Cabral, Marta Newhart Named to Top 100 Latino Board Members List
Lincoln Tech Cited by Newsweek as a Top Employer for Second Consecutive Year
Company culture, growth opportunity, employee satisfaction all rank among nation's best. Company culture, growth opportunity, employee satisfaction all rank among nation's best.
Lincoln Educational Services Corporation Schedules Third Quarter Earnings Release and Conference Call
PARSIPPANY, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its third quarter financial results on Monday, November 11, 2024 at 10:00 a.m. Eastern...
LINCOLN TECH ANNOUNCES PARTNERSHIP WITH HYUNDAI MOTOR AMERICA & GENESIS MOTOR AMERICA; TRAINING OFFERED AT NO ADDITIONAL COST TO STUDENTS
New career training option will help meet growing nationwide demand for Hyundai and Genesis automotive technicians. New career training option will help meet growing nationwide demand for Hyundai and Genesis automotive technicians.
Lincoln Foundation for Education Receives Generous Donation from Matco Tools
Matco Tools will fund a scholarship program through 2028 to aid students training for transportation careers. Matco Tools will fund a scholarship program through 2028 to aid students training for transportation careers.
Source: https://incomestatements.info
Category: Stock Reports