Every material Form 8-K LINCOLN EDUCATIONAL SERVICES CORP has filed with the SEC since May 13, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lincoln Educational Services reported second-quarter 2026 revenue up 22.4% to $142.6 million and net income of $1.9 million, up from $1.6 million a year earlier, and reiterated its full-year 2026 guidance for revenue, adjusted EBITDA, net income and student starts. Student starts grew only 1% in the quarter, and management said fewer enrolled students than expected attended the first day of class, while it raised capital expenditure guidance by about $25 million for a new Suitland, Maryland campus and the Melrose Park, Illinois property purchase.
Q2 revenue was $142.6 million versus $116.5 million; diluted EPS was $0.06 versus $0.05
Q2 student starts rose 1%; full-year student start growth guidance of 10% to 14% was reiterated
Full-year 2026 guidance: revenue $590.0 million to $600.0 million; adjusted EBITDA $76.0 million to $80.0 million
Capital expenditure guidance was increased by approximately $25 million to $95.0 million to $100.0 million
Lincoln Educational Services completed the acquisition of the Melrose Park, Illinois facility it had previously leased, paying $18,800,000 as adjusted under a May 12, 2026 purchase agreement. The purchase was funded with a $15,040,000 mortgage loan from Provident Bank and cash on hand, adding a fixed-rate debt obligation that matures July 1, 2036.
Purchase price of $18,800,000 as adjusted, for the property at 8315-8317 W. North Avenue, Melrose Park, IL, completed July 7, 2026
Provident Bank loan of $15,040,000 at an initial fixed rate of 5.99% for the first five years, then resetting to Treasury-based rate with a 5.00% floor
Monthly principal and interest payments of approximately $97,628 begin August 1, 2026; loan matures July 1, 2036
Loan is secured by the property and a company-wide guaranty
Lincoln Technical Institute, a subsidiary of Lincoln Educational Services, agreed on May 12, 2026 to buy the real property it leases for its Melrose Park campus from Melrose Omni, LLC. The purchase price is $18.8 million, subject to adjustment under the agreement, and the parties anticipate closing on June 25, 2026. The deal converts a leased campus into owned real estate, but the filing does not describe its effect on financial results.
Purchase price of $18,800,000.00, subject to adjustment under the agreement
Property is 8315-8317 W. North Avenue, Melrose Park, IL, currently leased by the subsidiary for its campus
Anticipated closing date of June 25, 2026, subject to customary due diligence and closing conditions
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