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Topic
Lincoln Educational Services (LINC) - Sidoti Virtual Conference Presentation
Date & Time

Selected Sessions:

May 11, 2022 01:15 PM

Description
Lincoln Tech is a leading postsecondary career school serving the transportation, skilled trades and healthcare industries. We have over 13,000 students in 14 states and over 90% of our students are considered Essential Workers. Our nation faces a severe hands-on skills gap, and Lincoln Tech is the largest school graduating automotive and skilled trades workers. The pandemic has worsened the skills gap and with the passage of the infrastructure bill the need for hands-on talent is only going to grow. We have had four consecutive years of growth in students, revenue, profitability and net income and due to our high operating leverage our EBITDA has grown by 50% annually in this period. We are debt free with over $80 million of cash on our balance sheet. We have the talent and resources to continue our growth. We currently trade at less than 5x EBITDA.