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Lindblad Expeditions Holdings Inc. Common Stock (NASDAQ: LIND) serves as a global leader in the expedition cruising and adventure travel industry. Founded in 1958 by Lars-Eric Lindblad, considered the father of eco travel, the company has been pioneering sustainable and immersive travel experiences ever since. In 2004, Lindblad Expeditions forged a groundbreaking alliance with National Geographic, with a shared mission to inspire people to explore and care about the planet through expedition travel.
Today, the company operates a fleet of 10 ships, including the highly regarded 148-guest National Geographic Explorer and the 106-guest National Geographic Orion. These ships are equipped with sophisticated exploration tools, offering unique and immersive expeditions that feature up-close encounters with wildlife, nature, history, and culture. The company operates in two main segments: Lindblad and Land Experiences, with the Lindblad segment generating the majority of the revenue.
Recent achievements include a notable new series of gastronomic expeditions co-created with FOOD & WINE, exploring the Columbia and Snake Rivers. This collaboration emphasizes locally sourced ingredients and regional varietals, offering a culinary journey through the Pacific Northwest's historical and natural landscapes. Another significant milestone is the long-term extension of Lindblad's strategic relationship with National Geographic, expanding their partnership through 2040, and leveraging The Walt Disney Company's sales channels for broader distribution.
Financially, Lindblad Expeditions continues to demonstrate robust growth. As of the third quarter of 2023, the company reported tour revenues of $176.0 million, a 22% increase compared to the same period in 2022. The strategic investments in fleet expansion, diversified land offerings, and enhanced technological infrastructure have positioned Lindblad for significant earnings potential amid the growing demand for experiential travel.
Lindblad's financial outlook remains strong. The company holds substantial advance reservations for future travel, with bookings for 2024 already indicating continued growth. With a total debt position of $635.1 million as of September 30, 2023, Lindblad Expeditions maintains compliance with all applicable debt covenants, ensuring financial stability and the ability to invest in future growth opportunities.
For more information, visit www.expeditions.com or connect with Lindblad Expeditions on Facebook, Twitter, Instagram, YouTube, and Pinterest.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) reported Q2 2024 financial results with total revenues increasing 9% to $136.5 million. The company saw a net loss of $25.8 million, or $0.48 per diluted share. Adjusted EBITDA increased by $4.2 million to $10.4 million. The Lindblad segment's Available Guest Nights increased 4%, while Net Yield per Available Guest Night rose 6% to $1,094 with 78% occupancy.
The company announced an agreement to acquire two vessels for the Galápagos market and expanded its land-based portfolio by acquiring Wineland-Thompson Adventures. Bookings for future travel increased 17% compared to the same period in 2023. Lindblad expects full-year 2024 tour revenues of $610-$630 million and Adjusted EBITDA of $88-$98 million.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND), a global provider of expedition cruises and adventure travel experiences, has announced it will report its 2024 second quarter financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call to discuss the results at 8:30 am Eastern Time.
Investors can access the conference call by dialing 1-800-715-9871 (US) or 1-646-307-1963 (International) with Access Code 2974921. A live audio webcast and the earnings release will be available on the company's investor relations website. A replay of the call and transcript will be accessible on the website within 48 hours, and via phone using specific replay numbers.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) has appointed two new independent directors to its Board: Annette Reavis, Chief People Officer at CrossFit, and Andy Stuart, former President and CEO of Norwegian Cruise Line. These appointments increase the board size from 10 to 11 directors, with 9 being independent.
Reavis brings extensive HR experience, including a decade at Meta where she played a key role in the company's growth. Stuart contributes 31 years of cruise industry expertise from his tenure at Norwegian Cruise Line. Both are expected to provide fresh perspectives important for Lindblad's future growth in the expedition travel industry.
The company, known for its ship-based voyages and land-based travel subsidiaries, collaborates with National Geographic to offer educational marine expedition programs and promote conservation.
Lindblad Expeditions (NASDAQ: LIND), a global leader in adventure travel, has announced the addition of two purpose-built expedition vessels to its Galápagos fleet. These vessels, formerly the Celebrity Xpedition and Celebrity Xploration, are set to sail in early 2025. The first ship will accommodate 48 guests, while the second will host 16 guests, offering intimate travel experiences. Bookings for these vessels will open later this month. The company will revitalize the ships with multi-million-dollar enhancements, aligning them with its standards of comfort and adventure. This expansion doubles Lindblad's Galápagos fleet, underscoring its commitment to sustainable tourism and conservation in the region.
Lindblad Expeditions Holdings, Inc. reported 2024 first quarter financial results with total revenue increasing by 7% to $153.6 million. The company also announced the acquisition of Wineland-Thomson Adventures, Inc. Lindblad segment available guest nights increased by 3%, net yield per available guest night increased by 1% to $1,219, and strong reservations for future travel were noted. The acquisition of Wineland-Thompson Adventures and increased ownership interests in Natural Habitat and DuVine Cycling were also highlighted. Despite a net loss of $5.1 million, the company remains optimistic about driving higher returns and shareholder value. The Company's financial outlook for 2024 includes projected tour revenues of $610 - $630 million and adjusted EBITDA of $88 - $98 million.
Lindblad Expeditions Holdings, Inc. announced the acquisition of Wineland-Thomson Adventures, Inc., broadening its footprint and diversifying its high-quality adventure travel offerings. The acquisition includes Thomson Safaris and Gibb's Farm lodge, enhancing Lindblad's presence in East Africa. The company aims to inspire, educate, and preserve natural wonders while expanding its audience and enriching guest experiences. The acquisition is part of Lindblad's strategic growth plan to capitalize on the increasing demand for authentic adventure travel and safaris.
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