See more : SDIC Capital Co.,Ltd (600061.SS) 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 |
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Lincoln's (LINC) Campus Operations segment contribution bodes well.
Lincoln Educational Services Projects Student Start Growth of Approximately 15% During First Quarter 2024
Reiterates Full year 2024 Outlook Company Hosting Investor Day Today Beginning at Noon ET PARSIPPANY, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC), which is hosting its first Investor Day today at its new East...
Lincoln Educational Services Corporation Announces Barry Morrow's Retirement as Chair of the Board and Names John Bartholdson as Chair following the 2024 Annual Meeting of Shareholders
PARSIPPANY, N.J., March 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that J. Barry Morrow has notified the Company's Board of Directors of his decision not to stand for re-election at the Company's 2024 Annual...
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Parsippany, NJ, March 12, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it will host an Investor Day at its East Point, GA campus, on Tuesday, March 19, 2024, with presentations starting at 12:00 pm...
Lincoln Educational Services to Highlight Recent Growth and Operating Momentum at the Sidoti Spring 2024 Small Cap Conference
Parsippany, NJ, March 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC), a leading provider of specialized technical training, including automotive technology, the skilled trades, healthcare, IT, culinary, and cosmetology, announced that Scott Shaw, President and Chief Executive...
Lincoln Educational Services Corporation (LINC) Q4 2023 Earnings Call Transcript
Lincoln Educational Services Corporation (LINC) Q4 2023 Earnings Call Transcript
Lincoln Educational Services Reports Results for Fourth Quarter and Full Year 2023
Conference Call Today at 10 a.m. ET PARSIPPANY, N.J.
Lincoln Educational Services Announces New $40 Million Revolving Credit Facility Increasing Capital Resource Flexibility
Parsippany, NJ, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into a $40 million revolving credit facility with Fifth Third Bank. The credit agreement, which has a term of 36...
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