UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to______ Commission File Number 000-51371 LINCOLN EDUCATIONAL SERVICES CORPORATION (Exact name of registrant as specified in its charter) (State or ...

Financial Data and Key Metrics Changes - Revenue for Q3 2021 was $89.1 million, an increase of 13% compared to the prior year [40] - Operating income improved by nearly 50%, reaching $5.7 million, while adjusted EBITDA increased to $8.4 million [45][50] - Cash flow from operations more than doubled to $16.7 million from $6.8 million in the prior year [47] - Unrestricted cash position increased by approximately 200% year-over-year [10] Business Line Data and Key Metrics Changes - Student starts for Q3 2021 declined by only 80 students, a significant improvement from earlier expectations [13] - Average student population increased by 8.3%, driven by a 9-month start growth of 8.8% [40] - Healthcare and other professions saw a decline of 4.8% in starts, attributed to challenges in hiring instructors [56] Market Data and Key Metrics Changes - The company reported a strong demand for skilled graduates, particularly in the transportation sector, which is expected to see stronger growth compared to healthcare [58] - The company is expanding its corporate partnerships, including a new training program with Republic Services [26] Company Strategy and Development Direction - The company plans to open its first new campus in over a decade by the end of 2022 and has identified five additional markets for potential expansion [20] - A focus on enhancing existing programs and curricula to meet the latest industry demands, including a new automotive curriculum [22] - The company aims to leverage its strengthened balance sheet to pursue growth opportunities while maintaining financial flexibility [38] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges such as rising costs from vendors and hiring difficulties, but expressed confidence in overcoming these issues [29][30] - The company expects to achieve 7% to 8% start growth for the full year, with strong demand continuing into Q4 [48] - Inflationary pressures are anticipated to be more permanent, leading to a slight tuition increase to cover rising costs [110] Other Important Information - The company completed a sale leaseback transaction for its Denver and Grand Prairie properties, significantly strengthening its balance sheet [36] - A second transaction for the Nashville facility is expected to close in Q1 2022, with an estimated gain of $29 million [39] Q&A Session Summary Question: Why was healthcare and other professions weaker? - Management noted challenges in hiring and retaining nursing instructors, impacting student enrollment [56] Question: Where do you expect greater starts growth between transportation or healthcare? - Management indicated stronger growth is expected on the transportation side [58] Question: How has retention been in recent quarters? - Retention levels have remained stable, with efforts to improve them ongoing [60] Question: What is the impact of inflationary cost pressures on marketing? - All expense categories are up, including cost per lead and cost per start [64] Question: What are the impediments to stock repurchase? - The board is focused on long-term growth opportunities and capital deployment rather than immediate stock buybacks [86][88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to______ 14 Sylvan Way, Suite A 07054 Parsippany, NJ (Zip Code) (Address of principal executive offices) (973) 736-9340 (Registrant's telephone number, i ...

Lincoln Educational Services Corporation (NASDAQ:LINC) Q2 2021 Earnings Conference Call August 9, 2021 10:00 AM ET Company Participants Michael Polyviou - Investor Relations Scott Shaw - President and Chief Executive Officer Brian Meyers - Chief Financial Officer Conference Call Participants Steven Frankel - Colliers Austin Moldow - Canaccord Raj Sharma - B. Riley Justyn Putnam - Talanta Investment Group Operator Ladies and gentlemen, thank you for standing by and welcome to the Q2 2021 Lincoln Educational ...

Investor Presentation □ LINCOLN TECH® BRIDGING THE SKILLS GAP LINCOLN TECH. Quarter Ended June 30, 2021 Safe Harbor Statement Statements in this presentation regarding Lincoln's business that are not historical facts may be "forward-looking statements" that involve risks and uncertainties. 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. Fo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to______ Commission File Number 000-51371 LINCOLN EDUCATIONAL SERVICES CORPORATION (Exact name of registrant as specified in its charter) New Jersey 57- ...

Lincoln Educational Services Corporation (NASDAQ:LINC) Q1 2021 Earnings Conference Call May 10, 2021 10:00 AM ET Corporate Participants Michael Polyviou - IR, EVC Group Scott Shaw - President and Chief Executive Officer Brian Meyers - Chief Financial Officer Conference Call Participants Alex Paris - Barrington Research Steven Frankel - Colliers Austin Moldow - Canaccord Raj Sharma - B. Riley Operator Good day and thank you for standing by, and welcome to the First Quarter 2021 Lincoln Educational Services' ...

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Commission File Number 000-51371 LINCOLN EDUCATIONAL SERVICES CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) New Jersey 57-1150621 200 Executive Drive, Suite 340 West Orange, NJ 07052 (Addres ...

Lincoln Educational Services Corporation (NASDAQ:LINC) Q4 2020 Earnings Conference Call March 3, 2021 10:00 AM ET Company Participants Michael Polyviou - IR, EVC Group Scott Shaw - President and CEO Brian Meyers - CFO Conference Call Participants Alex Paris - Barrington Research Steven Frankel - Colliers Securities Austin Moldow - Canaccord Genuity Raj Sharma - the B. Riley Justin Putnam - Talanta Investment Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lincoln Educational Ser ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to______ Commission File Number 000-51371 LINCOLN EDUCATIONAL SERVICES CORPORATION (Exact name of registrant as specified in its charter) (State or ...