Michael, Thank you XXXX. you, for our morning, Thank XXXX, finish Services' Educational strong well for our as good everyone. discuss to call exceptionally joining outlook as and Lincoln to
state a way year employees, now that Lincoln today, I all sit done before. us to stronger the able efforts proudly, year it was have impacted possible Lincoln We entire heroic But continue than students determination, earnings and ever from to families been and none of to due absolute schools want this had COVID-XX all at your progress our to in A and the down all as had serving challenging to move for I by Then a call, changed. operate world we us organization as most made, our to ago, the future. our I little through had distance We bright all dedication, had commitment pandemic, hope faced. later, especially during wellbeing of of two have the any that their We shut very to the time, education. ongoing this that thank was and collectively, you in period our to health perspective. about here Lincoln of also ago. a excited that is weeks
of during pandemic first we During when the quarterly conference our previous XXXX quarter last faced some the COVID-XX hit our myriad of shared of challenges organization calls, year. operating full-force the
careers as possible, that some keep remain students, management for essential our to shared faculty, demand. as providing implemented administration, rapidly and high of the also in safe We training steps we while
As these pursuing Lincoln careers of as XXXX actions, increase a progressed. students continued to of number result the our
continued inhibited and when Lincoln period seen methods be bucked to a have either training enrollment or this limited, in other trend. student During decline, processes our and field many
time student more as since continued and and decade, student financial XXXX, exemplary precise, the which us be performance start highlight in than XXXX trends a quarter, with XX.X% finish will we the The For of reintroduce progress the achieved Lincoln guidance. Brian during growth growth year. his to comments, positive to company in first fourth entire positions enabled for double-digit for an
operations. others fourth quickly to incorporated the our quarter positive a we efficiencies. changes under high impact as changes when performance, many to is our double-digit year. and over this the XXXX reduced student XXXX are see the these at potential the experiencing excited a we during aspects improving transition the some quarter, coming Importantly, benefit On that growth, some the our on impact lessons and macro in have rate. that our feel of quarter growth. last starts start student begun remain to XX% We positions began which for benefit employment level, some being in have distance from When student declines field our are quarters, ongoing of enrollment. drive to future fourth from factors start Others our expand start financial Several about company grew combine operations reviewing implemented learned during we during These time theme students growth. and growth This our are surfaces, Overall, into been rapid our lessons and or these have faculty, education, of common a of examination. fourth all revenue while unfolds. to
from process. vast our them to ability help improved portion students and team's remotely, aid coming to of successful our recruit our the growth is execution. through financial the However, We've
fields essential, into We student increasing are training converting students rate. leads for at careers in and starts deemed an we
graduates graduation secure metrics. quarter in to growth our nonprofit key help their and peers, new higher double-digit our software extended have other to careers. rates placement are processes and The new and fourth Our better we systems than theme invested
And revenue the that benefit during the healthy did full-year population for as we in a the when results highlights quarter average net point two fourth increased fourth metric in I'd operating quarter grew increased while quite XX.X% review student our our financial and the other to performance. not our tax Brian quadrupling our few we And year-ago for by XX.X%. but other minutes, a significant healthy out the that quarter compared income. income double-digit double will period, contributed still X.X%. like quarter, nearly to to digits, the Our fourth results as this exclude a
a more level, and and our long-term the is at December level. ago. XXXX under to range help year the a gain stronger debt increased skills students curriculums rewarding our declined than all than broader is the were addition, company XX, from This strength In Lincoln enabling from to our we credit XX% and Lincoln essential. of advance perspectives, XX% XXXX operational programs begin strategic, as much cash year-ago of end to deemed or From financial, the needed our by a expand agreement approximately careers
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which, reopen to campus, many campus, of to and has in and our campuses campuses, of recent efficiencies, team, gradually down a a changes in XX combination shareholders welding distance is team our our both facilities, corporate Indianapolis at new a campuses. top turnarounds. transition know, shut years. and cases, story During immediately the education in point model, Through become at the success case performance XXXX, program, some struggled to consolidating Indianapolis the operating admissions leadership then some need improved the our March the line. new we and as achieved at reinvigorated the despite a impressive our bottom the In generated implementation operating of and partnership, A
quarter, the see During industry pickup fourth to interest reopen, in in a employer began our American placing began we students. as to
corporate supported U.S. encouraged approximately the trends graduate down currently X%, XX% pursuing by year, are well-paying This our From select program. the that We to the recent on in and holding Department program students HVAC to know Security reasons after that partners them with careers that Lincoln. a that five These are Homeland soon challenged technicians, infrastructure our graduates that we're training completing leaving sought finding and to of employer worked recently students why fact is establish of were our why offerings. meet high For one And but often is demand careers program recent top critical select which our students placements we by that themselves graduate are survey, articulated Lincoln case. A of are definition worker. about internal one was core for our out enabling develop of is stable the the is graduate. offered to Tech skilled a eight-week after Lincoln them.
the our of three contributors XX% Lincoln, years. of rate and our Over years Prior retention its after factor comparatively retention partnership the years, corporate employment. rate. several to contributing growth with past new that partnership, two-year only the the three hires. hires has first rate retaining to past for company the inverted the two was our Lincoln behind a has retention increased partners, There oft-repeated student this an XX%. is success This high start to story over are With
that at in training contribute Lincoln do and has employee essential after and retention. student XX a commitment When demonstrating the our experience required. First, so enters to training the the through career corporate obtaining identified characteristics skills years a workers, program they partnership of interest
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to as reopened, that Dallas, largest solve November, nation's call their company organization, employee-paid have others out conversations by the program facility are as is their is we Republic we with transition providing their our rolling Services Republic they companies example This And training our gap, non-hazardous state-of-the-art help XX-week, On management second training to up. building in career in new assist to employees up-skill opportunities country. As Lincoln Services middle on we their are selection how a employees. skills the to graduates to reported we that and picked the exciting eliminate around graduates industry. another training in seek XXX% transportation our well needs Texas. training existing our at medium-to-heavy Tech how provide into the in while truck can waste to
explore during unfolds. we At the opportunities corporate the the, And efforts around at tailored to of campuses four new dozen Our to schedule underway existing year. other this the continue. partnerships same our hope time, country expand on approximately, XXXX to currently are begin similar summer opening programs we as
whenever benefit leverage In from. segment opportunities this we XXXX, achieved we instance, XX% extend by addition we growth leverage other for level, seek the healthcare to the also have profession operating lowering to At operating we the at operating margin seek within in and fourth also a level possible. a leverage the to occurring corporate cost the positioned Most is the of top company line where, quarter, fixed in segment.
need a as QX the last recall, year's quarter's Since recent initiative month shortly be, office will next will XXXX with the in weak a Brian the involves working we future, And anticipate attractive space. generate will which a rent remotely our office with Our guidance. smaller savings. more approximately into less workers current quarter. as as pandemic an leveraged we into space most market month, you to may guidance the we $XX,XXX the quarter onset middle share results if corporate students moving in the in hundreds rapid inflated Last March second second forced the the year us of And to in who decreased close you start of first to were update moved This result. shift and all progresses. year scheduled result, of locations. secure
first today, have very increase. we As stand exceeding expect we a starts to a quarter strong XX% with
We have simply engage know most several see easily we the visits. in year likely students beyond, than able not future last our but less schools We many summer to high our will have less closed school so that been towards because we to quarter students, with visibility start two and hundred second are be enrollments. trends in-person as high
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up-to-date progress. student, achieving is Lincoln our corporate on summary, We shareholders. will for In keep and its you partners,
building ROI improving price have to place year, has and put per strategies our returns continue in students, the our the and to company, During by we past shareholders. share the the XXX%, increased than for our more growing
the with recognition momentum. optimistic a full control year developments can are our that about ahead affect our We beyond
However, flexibility unexpected in XX months the confidence our meet do us to past of give the experiences challenges. operating
would I for Brian like turn call over to review Now, the our results. quarter full-year to and Brian? fourth of
