Lincoln Educational Services Expands Footprint in Maryland with New Suitland Campus

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25th Campus will serve the greater Washington D.C. Metro Region and this focused-program campus model will offer Electrical & HVAC Training. 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 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'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. 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. 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's long-term growth strategy.

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