Core Insights - Lincoln Educational Services Corporation reported strong financial results for the fourth quarter and full year 2025, driven by high employer demand for skilled trades and effective campus development strategies [6][7][8]. Financial Highlights - Fourth quarter revenue reached $142.9 million, an increase of $23.5 million or 19.7% year-over-year, with a 21.4% increase when excluding the Transitional segment [8]. - Net income for the fourth quarter was $12.7 million, or $0.40 per share, compared to $6.8 million, or $0.22 per share in the previous year, representing an 86.6% increase [8]. - Adjusted EBITDA for the fourth quarter increased by $9.9 million, or 51.2%, to $29.1 million [8]. - For the full year 2025, total revenue increased by $78.2 million, or 17.8%, to $518.2 million, with net income of $20.0 million, a 102.2% increase from the prior year [8][10]. Operational Highlights - Student starts grew by 15.7% in the fourth quarter, marking the thirteenth consecutive quarter of growth, with a 4% increase in programs operating for more than one year on a same campus same program basis [7][8]. - The total student population rose by 14.9% excluding the Transitional segment [8]. - The company launched a new electrical program at its South Plainfield, NJ campus and expanded corporate relationships with New Jersey Transit and Johnson Controls [8]. Future Outlook - Lincoln has set guidance for 2026, forecasting revenue to approach $600 million, with continued strong growth in key financial metrics [9][14]. - The company anticipates a 13% increase in revenue and a 30% increase in adjusted EBITDA for 2026, with net income expected to grow by 8% [15]. - An Investor Day is scheduled for March 19, 2026, at the new Nashville campus to discuss strategies and financial targets for the next five years [18].

Company Overview - Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education, offering programs in skilled trades, automotive technology, health sciences, and information technology [4]. - The company has been providing skilled technicians to the workforce since its inception in 1946 [4]. - Lincoln operates 21 campuses across 12 states under three brands: Lincoln College of Technology, Lincoln Technical Institute, and Nashville Auto Diesel College [5]. Upcoming Financial Results - Lincoln will host a conference call to discuss its second quarter financial results on August 11, 2025, at 10:00 a.m. Eastern time [1]. - A news release outlining Lincoln's financial results will be issued before 9:30 a.m. Eastern time on the same day [1]. Accessing the Conference Call - Participants can access the live webcast of the conference call through the investor relations section of Lincoln's website [2]. - Registration for the teleconference is required, and participants will receive a personalized PIN for access [2]. - An archived version of the webcast will be available for 90 days on Lincoln's website [3].