Lincoln Educational Services Corporation announced plans to open a new campus in Suitland, Maryland, its 25th campus overall and second in the state. The approximately 36,000-square-foot facility, roughly half the size of a traditional campus, will initially offer Electrical and Electronic Systems Technology and HVAC programs when it opens in the fourth quarter of 2027, pending construction and regulatory approvals. This focused-program campus model is the company's first, designed to enter constrained markets with an estimated capital investment of about $10 million, compared to $25 million for a traditional buildout. The campus is expected to serve approximately 500 students and generate over $15 million in revenue and $5 million in EBITDA, versus $30 million in revenue and $10 million in EBITDA for a fully ramped traditional campus. The expansion follows other recent growth initiatives, including new campuses in Georgia and Texas, and ongoing construction in New York and Texas.
Lincoln Educational ServicesCompany announces new campus expansion with expected revenue and EBITDA contributions.