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 Point campus in Georgia, expects to continue its strong business momentum during the first quarter ending March 31, 2024. Student start growth is projected to significantly improve from the prior year, with growth of approximately 15.0% compared to 6.4%, excluding the transitional segment in 2022.

“Our team continues to successfully execute the Company’s transformative growth strategies as the interest in skilled trade careers continues to grow,” said Scott Shaw, President and CEO. “Our expected strong start growth in Q1 builds on the momentum we generated during 2023, which led to increased student starts, student retention, graduation and placement rates with employers as well as the achievement of all of our financial guidance objectives during the year. During today’s Investor Day we look forward to reviewing our strategies for 2024 and beyond while showcasing our new East Point campus.”

The Company’s Investor Day presentations start at 12:00 p.m. ET. The live webcast of the presentations along with a question-and-answer session with the Company’s executive leaders and guests will focus on Lincoln’s strategic priorities and growth initiatives. To access the live webcast of the Investor Day call, please go to the investor relations section of Lincoln’s website at lincolntech.edu. Participants may also register at: Lincoln Educational Services Investor Day .

An archived version of the webcast and presentation will be accessible for 90 days at lincolntech.edu.

The Company plans to report financial results for the three months ending March 31, 2024 on May 6, 2024.

ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education helping to provide solutions to America’s skills gap. Lincoln offers career-oriented programs to recent high school graduates and working adults in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946 and currently operates 22 campuses in 13 states under 4 brands: Lincoln College of Technology, Lincoln Technical Institute, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences. For more information, please go to www.lincolntech.edu.