PARSIPPANY, N.J., July  08, 2026  (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical and skilled trades training for more than 80 years, today

LINC

Lincoln Educational Services Expands Footprint in Maryland with New Suitland Campus

Lincoln expands DC-area footprint with focused-program campus in Suitland

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>PARSIPPANY, N.J., July  08, 2026  (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical and skilled trades training for more than 80 years, today</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Lincoln plans a 36k sq ft Suitland campus, its 25th, using a focused-program model. The capex is ~$10M versus $25M for a full campus, targeting ~500 students and $15M revenue with $5M EBITDA by ramp. Opening is slated for late 2027; success could accelerate cash flow growth and ROIC.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Suitland, MD, 36k sq ft campus announced; Lincoln’s 25th location.</li><li>First focused-program campus model; capex ~$10M vs $25M traditional.</li><li>Open in Q4 2027; ~500 students, &gt;$15M revenue, ~$5M EBITDA.</li><li>GA/TX expansions continue; complements Columbia MD campus amid skilled-trades demand.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Lincoln Educational Services Corporation (LINC)</strong>: Announced Maryland expansion to Suitland; potential near-term revenue/ROIC uplift; regulatory approvals required.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The expansion reflects a strategic, capital-efficient growth approach and could influence Lincoln&#039;s long-term enrollment and profitability trajectory, with near-term visibility limited by approvals and construction timelines.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Capital-light model (~$10M capex) may lift ROIC and valuation.</li><li>Open by Q4 2027; regulatory/construction delays risk.</li><li>DC-area expansion aligns with data-center demand and regional skilled-trades needs.</li><li>Longer-term ramp to ~500 students could drive sustained EBITDA uplift.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Suitland campus size: ~36,000 sq ft (25th campus).</li><li>Focus programs: Electrical/Electronic Systems Technology and HVAC.</li><li>Projected revenue: &gt;$15M; EBITDA: ~$5M at ramp.</li><li>Capital investment: approximately $10M.</li><li>Opening target: fourth quarter 2027; subject to approvals.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on LINC&#039;s growth potential; 2027 launch and scalable model are key catalysts.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">PARSIPPANY, N.J., July  08, 2026  (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LINC">LINC</a>), a national leader in specialized technical and skilled trades training for more than 80 years, today announced plans to expand its presence in Maryland, opening its second campus in Suitland, Maryland, located just south of Washington D.C. and within easy access of the Interstate 495 beltway. The new campus, which is the Company&#39;s 25th campus, will occupy approximately 36,000 square feet, roughly 50% of a traditional campus footprint, and will initially offer Electrical and Electronic Systems Technology (EEST) and Heating, Ventilation, and Air Conditioning (HVAC) programs.</p>  <p align="justify">The Suitland campus is expected to open during the fourth quarter of 2027, subject to construction completion and obtaining the necessary regulatory approvals. The new location will be the Company’s first focused-program campus model, specifically designed to focus exclusively on high-demand skilled trades in areas that would be otherwise challenging to establish a campus due to real estate and market constraints. By concentrating on EEST and HVAC programs, the Company can enter new markets more efficiently, with an estimated capital investment of approximately $10 million, compared to $25M for a traditional buildout, while creating a scalable model for future expansion. The campus is expected to serve approximately 500 students, generating over $15M in revenue and $5M in EBITDA, compared to our traditional new campus model of $30M in revenue and $10M in EBITDA when fully ramped up.</p>  <p align="justify">The Company’s existing campus in Columbia, MD, conveniently located between Baltimore and the northern Washington D.C. communities, has created brand and name recognition and will further complement the Company’s presence. The Maryland expansion follows a series of strategic growth initiatives across the country. Over the past several years, Lincoln has opened new campuses in East Point, Georgia and Houston, Texas; expanded existing campuses in the Philadelphia and Nashville markets; and is currently constructing new campuses in Hicksville, New York, and Rowlett, Texas, which are expected to open in the fourth quarter of 2026 and first quarter of 2027, respectively. These investments reflect continued employer demand for skilled workers and are consistent with the Company&#39;s long-term growth strategy.</p>  <p align="justify">&#34;Establishing an additional campus in the Washington, D.C. metropolitan area allows us to leverage the Lincoln Tech name and expand our presence in another high-growth market," said Scott Shaw, President and Chief Executive Officer. "Our latest growth initiative is a focused-program campus model, creating a capital-efficient path to profitability. Our plan remains to open 80,000+ square foot campuses with our four in-demand programs of electrical, HVAC, welding and automotive but this smaller campus proved too good to pass up. It brings us closer to the Northern Virginia market which is experiencing strong growth from data centers and economic expansion with two of our most in-demand programs.&#34;</p>  <p align="justify">"This model will be focused exclusively on high-demand skilled trades programs, enabling us to serve more students, meet the workforce needs of local employers, and generate attractive returns on invested capital in areas with higher barriers to entry due to market and real estate constraints,&#34; said Chad Nyce, Chief Operating Officer.</p>  <p><strong>ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION</strong></p>  <p>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 12 states under the brands Lincoln Technical Institute, Lincoln College of Technology and Nashville Auto Diesel College. The Company was incorporated in New Jersey in 2003 as the successor-in-interest to various acquired schools including Lincoln Technical Institute, Inc. which opened its first campus in Newark, New Jersey in 1946.  For more information, please go to <a href="https://www.globenewswire.com/Tracker?data=0jy0Vme5qP4gpkydfkIjnUaLiHanvY3YnnTiGE8UHPJcUYjWyB7pJtexahIJzcHOYg2Z5qsiAg4j1UvjWVA7LhTKe5s2-xODgVrOVzREexes5mfDZSHPg-jL4ty1SoMGgIJb8CZ6sldGVSoQKMMj9e3TjBTINuDt1ARyyHmqYCMcrvjOY-FArJOrpprCnsefCVj1lPzleQfHjFrbm9WXIAxV2x4G8w9E_Oe4Q3HiFRBinHx9BAZnzqiPMOZ8xH4JDYa0vrr6ggIB8texwvH-Lw==" rel="nofollow" target="_blank">www.lincolntech.edu</a>.</p> <table style="border-collapse: collapse; width:99%; border-collapse:collapse ;"><tr><td style="max-width:10%; width:10%; min-width:10%;;text-align: justify ;  vertical-align: middle; ">CONTACT:</td><td style="max-width:90%; width:90%; min-width:90%;;text-align: justify ;  vertical-align: middle; ">Lincoln Educational Services Corporation</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "> </td><td style="text-align: justify ;  vertical-align: middle; ">Brian Meyers, CFO</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "> </td><td style="text-align: justify ;  vertical-align: middle; ">973-736-9340</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "> </td><td style="text-align: justify ;  vertical-align: middle; "> </td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "> </td><td style="text-align: justify ;  vertical-align: middle; ">EVC Group LLC</td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "> </td><td style="text-align: justify ;  vertical-align: middle; ">Michael Polyviou, <a href="mailto:mpolyviou@evcgroup.com" rel="nofollow" target="_blank">mpolyviou@evcgroup.com</a></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "> </td><td style="text-align: justify ;  vertical-align: middle; ">732-933-2754</td></tr></table> <p align="justify"><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1OTEzNSM3Njk3MjA0IzIwMDg5NzI="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OWVlMDNiMjItMjNiNC00MjU3LWI0YjQtYmQ1MTc4YmEwM2E3LTEwMjA1NDUtMjAyNi0wNy0wOC1lbg==/tiny/Lincoln-Educational-Services-C.png" referrerpolicy="no-referrer-when-downgrade"></img>

Lincoln plans a 36k sq ft Suitland campus, its 25th, using a focused-program model. The capex is ~$10M versus $25M for a full campus, targeting ~500 students and $15M revenue with $5M EBITDA by ramp. Opening is slated for late 2027; success could accelerate cash flow growth and ROIC.

Lincoln Educational Services Expands Footprint in Maryland with New Suitland Campus

AI Summary

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