Lincoln Educational Services Corporation (LINC) Analyst/Investor Day Transcript

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Lincoln Educational Services Corporation (LINC) Analyst/Investor Day March 19, 2026 11:00 AM EDT

Company Participants

Scott Shaw – President, CEO & Director
Scott Watkins
James Rasmussen – Senior VP of Admissions & Group VP
Gina Zaffino
Jennifer Hash
Chad Nyce – Executive VP & COO
Brian Meyers – Executive VP, CFO & Treasurer

Conference Call Participants

Rajiv Sharma – Texas Capital Securities, Research Division
Eric Martinuzzi – Lake Street Capital Markets, LLC, Research Division

Presentation

Scott Shaw
President, CEO & Director

Good morning. Excited to have everyone here at our Nashville Auto Diesel College for our second Investor Day. We’re excited as Nashville is a very impressive college, and it’s state-of-the-art and part of the state of-the-art in this is this little fancy screen here. So as you can see, we have an oh, they turned the lights off in the auto shop. They’re supposed to have that on. But any event, you can see that what we’ve built here is a state-of-the-art facility with all the latest equipment. That’s the way we’re moving as a company. We want to make sure that our students have the skills needed to be successful out there in the marketplace. And this is a really exciting time for us. So if we could just start the presentation, oh, that’s me. That would be great. Safe harbor. I know you’ve all read this before. But I do want to welcome you.

This year is our 80th anniversary. There’s very few schools out there in this country that have the longevity that we do, and there’s really no one else that’s been focused on the trades. We started in 1946 training people to fix automatic transmissions in HVAC, and we’re still doing that today, and we’ve expanded it into other trades. And we’re only focused on those trades that we believe provide a high quality of education

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