Company Performance - Lindblad Expeditions reported a quarterly loss of $0.48 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.29, but an improvement from a loss of $0.53 per share a year ago, indicating a surprise of -65.52% [1] - The company posted revenues of $148.61 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 10.21% and showing an increase from $125.36 million in the same quarter last year [2] - Over the last four quarters, Lindblad Expeditions has surpassed consensus revenue estimates three times, but has only exceeded EPS estimates once [2] Stock Outlook - The immediate price movement of Lindblad Expeditions' stock will largely depend on management's commentary during the earnings call, as the stock has underperformed with a loss of about 6.1% since the beginning of the year compared to the S&P 500's gain of 1.3% [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $161.2 million, and for the current fiscal year, it is -$0.02 on revenues of $689.56 million [7] Industry Context - The Leisure and Recreation Services industry, to which Lindblad Expeditions belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Lindblad Expeditions Holdings, Inc. reported a record year in 2024, with a focus on future growth driven by a strengthened relationship with Disney/National Geographic and expanded capacity in core markets [2][12][24] - The company aims to drive demand, innovate on costs, and unlock new portfolio opportunities in 2025 [2] Financial Performance - Full year tour revenues reached $644.7 million, an increase of $75.2 million or 13% compared to the previous year, driven by growth in both the Lindblad segment and Land Experiences segment [3][12] - Lindblad segment tour revenues were $423.3 million, up $25.9 million or 7%, attributed to a 2% increase in available guest nights and a 7% increase in net yield per available guest night to $1,170 [4][12] - Land Experiences segment tour revenues increased to $221.4 million, a rise of $49.2 million or 29%, primarily due to an increase in guests traveled and higher pricing [5][12] Net Income and Adjusted EBITDA - The net loss available to stockholders for the full year was $35.8 million, improving by $14.2 million from a loss of $50.0 million in 2023 [6][12] - Adjusted EBITDA for the full year was $91.2 million, an increase of $20.0 million or 28% compared to 2023, with contributions from both segments [7][12] Fourth Quarter Highlights - Fourth quarter tour revenues were $148.6 million, up $23.2 million or 19% year-over-year, with significant contributions from both segments [10][12] - Lindblad segment tour revenues for the fourth quarter were $90.7 million, a 6% increase, driven by a 13% rise in net yield per available guest night to $1,150 [11][12] - Land Experiences segment tour revenues for the fourth quarter surged to $57.9 million, a 46% increase, primarily due to higher guest numbers and pricing [13][12] Balance Sheet and Liquidity - As of December 31, 2024, the company had cash and cash equivalents of $216.1 million, up from $187.3 million a year earlier, reflecting strong cash flow from operations [19] - Total debt stood at $635.0 million, with compliance to all applicable debt covenants [20] Acquisitions and Expansion - In January 2025, the company acquired two new Galápagos expedition vessels to enhance its fleet, with the first vessel set to embark on its inaugural voyage in February 2025 [21] - The acquisition of Wineland-Thomson Adventures in July 2024 for $30 million expanded the company's portfolio to six adventure brands, targeting the growing adventure travel market [22][23] Financial Outlook - The company anticipates full year 2025 tour revenues between $700 million and $750 million and Adjusted EBITDA between $100 million and $112 million [31][12]

Financial Performance - Full year tour revenues increased by 13% to $644.7 million, driven by a $25.9 million increase in the Lindblad segment and a $49.3 million increase in the Land Experiences segment[5]. - Adjusted EBITDA for the full year rose by 28% to $91.2 million, with a $10.9 million increase in the Lindblad segment and a $9.1 million increase in the Land Experiences segment[10]. - The net loss available to stockholders improved by $14.2 million to $35.8 million, or $0.67 per diluted share, compared to a net loss of $50.0 million, or $0.94 per diluted share, in 2023[9]. - Fourth quarter tour revenues increased by 19% to $148.6 million, with a $4.9 million increase in the Lindblad segment and an $18.3 million increase in the Land Experiences segment[13]. - Operating income for the year ended December 31, 2024, was $21.553 million, compared to $10.599 million in 2023, indicating a significant improvement[37]. - For Q4 2024, Lindblad Expeditions reported a net loss of $25,189 thousand, an improvement from a net loss of $26,412 thousand in Q4 2023[40]. - Adjusted EBITDA for Q4 2024 was $13,430 thousand, significantly up from $3,850 thousand in Q4 2023, indicating a strong operational performance[40]. - Total revenues for the year 2024 reached $423,306 thousand, compared to $397,410 thousand in 2023, demonstrating overall revenue growth[44]. Cash and Assets - The Company had cash and cash equivalents of $216.1 million as of December 31, 2024, up from $187.3 million a year earlier, reflecting $92.4 million in cash from operations[21]. - Cash and cash equivalents increased to $183.941 million as of December 31, 2024, compared to $156.845 million as of December 31, 2023, reflecting a growth of 17.3%[35]. - The company reported a net cash provided by operating activities of $92.355 million for the year ended December 31, 2024, compared to $25.441 million in 2023[39]. - Total assets as of December 31, 2024, were $876.905 million, up from $831.297 million in 2023, marking an increase of 5.5%[35]. - The company’s total liabilities increased to $1.022 billion as of December 31, 2024, from $945.063 million in 2023, reflecting a rise of 8.2%[35]. Future Outlook - The Company expects full year 2025 tour revenues to be between $700 million and $750 million, with Adjusted EBITDA projected between $100 million and $112 million[30]. - The Company is entering 2025 with strong demand trends, with booking curves ahead of the prior year for both segments[25]. - The company expects Adjusted EBITDA for the full year 2025 to be between $100 million and $112 million, reflecting positive future outlook[47]. Segment Performance - The Lindblad segment's net yield per available guest night increased by 7% to $1,170, with occupancy at 78% for the full year 2024[8]. - Operating loss for the Lindblad segment narrowed to $(13,019) thousand in Q4 2024 from $(17,268) thousand in Q4 2023, showing operational improvements[41]. - The Land Experiences segment reported an operating income of $5,449 thousand for Q4 2024, up from $3,426 thousand in Q4 2023, highlighting growth in this area[42]. Acquisitions and Investments - The Company closed on the acquisition of Wineland-Thomson Adventures for $30 million, expanding its portfolio to six adventure brands targeting the growing adventure travel market[24]. - The Company has a $35.0 million stock repurchase plan, with $12.0 million remaining as of February 24, 2025[26]. Revenue Metrics - Gross Yield per Available Guest Night increased to $1,313 in Q4 2024 from $1,178 in Q4 2023, indicating improved revenue generation[46]. - Available Guest Nights for Q4 2024 were 69,040, a decrease from 72,762 in Q4 2023, while Guest Nights Sold increased to 53,959 from 51,217[44]. - The occupancy rate improved to 78% in Q4 2024 compared to 70% in Q4 2023, reflecting better utilization of capacity[44]. - Unearned passenger revenues rose to $318.666 million as of December 31, 2024, compared to $252.199 million in 2023, an increase of 26.3%[35]. Shareholder Information - The Series A redeemable convertible preferred stock dividend for the year ended December 31, 2024, was $4.641 million, compared to $4.373 million in 2023[39]. - The weighted average shares outstanding for the year ended December 31, 2024, were 53.817 million, slightly up from 53.257 million in 2023[37].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Lindblad Expeditions (LIND) - Lindblad Expeditions currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4][12] Performance Metrics - Over the past week, LIND shares increased by 3.19%, outperforming the Zacks Leisure and Recreation Services industry, which rose by 1.29% [7] - In a longer timeframe, LIND's shares have appreciated by 14.35% over the past month, compared to the industry's 8.24% [7] - Over the last quarter, LIND shares surged by 44.13%, and over the past year, they gained 64.5%, while the S&P 500 only increased by 9.71% and 33.24%, respectively [8] Trading Volume - LIND's average 20-day trading volume is 306,250 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, two earnings estimates for LIND have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.65 to -$0.45 [11] - For the next fiscal year, two estimates have moved up, while one has been revised down [11]

Lindblad Expeditions (LIND) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Sin ...

Core Insights - Lindblad Expeditions Holdings, Inc. reported strong Q3 results on November 5, highlighting solid earnings and a robust partnership with National Geographic [1] Financial Performance - The company demonstrated significant financial performance in Q3, indicating a positive trend in earnings [1] Strategic Partnerships - Lindblad Expeditions has an extensive partnership with National Geographic, which enhances its brand and market presence [1]

Lindblad Expeditions (LIND) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post a loss of $0.24 per share when it actually produced a loss of $0.48, delivering a surprise of -100%.Over the last four quarters, the company ha ...

Core Insights - Lindblad Expeditions Holdings, Inc. reported a record third quarter for 2024, with total revenues increasing by 17% to $206.0 million compared to the same period in 2023, driven by strong performance in both the Lindblad and Land Experiences segments [1][3][4] - The company achieved a net income available to stockholders of $21.3 million, significantly up from $4.5 million in the prior year, reflecting improved operating results and a tax benefit [6][23] - Adjusted EBITDA rose by 35% to $45.8 million, indicating robust operational efficiency and growth across segments [7][15] Financial Performance - Total tour revenues for the third quarter reached $206.0 million, an increase of $30.0 million or 17% year-over-year, with the Lindblad segment contributing $121.3 million and the Land Experiences segment $84.7 million [3][5] - The Lindblad segment saw a 12% increase in tour revenues, attributed to a 6% rise in available guest nights and a 9% increase in net yield per available guest night to $1,205 [4][10] - Land Experiences tour revenues surged by 26%, primarily due to increased guest travel and the acquisition of Wineland-Thompson Adventures [5][14] Operational Metrics - Available Guest Nights increased by 6%, with occupancy rates improving to 82% from 81% in the previous year [1][31] - Bookings for future travel have increased by 26% compared to the same period in 2023, indicating strong demand for the company's offerings [1][2] - The company expanded its land-based portfolio with the acquisition of Wineland-Thompson Adventures, enhancing its adventure travel offerings [1][14] Strategic Initiatives - The company announced the addition of two new Galápagos expedition vessels to its fleet, set to enhance its offerings in the region [13] - Lindblad continues to focus on high-quality travel experiences and strategic expansion to capture growing demand in the adventure travel market [2][18] Balance Sheet and Liquidity - As of September 30, 2024, the company reported cash and cash equivalents of $224.6 million, up from $187.3 million at the end of 2023, reflecting strong cash flow from operations [11] - Total debt stood at $635.0 million, with the company in compliance with all applicable debt covenants [12][22] Financial Outlook - The company expects full-year 2024 tour revenues to be in the range of $610 million to $630 million and Adjusted EBITDA between $88 million and $98 million [15][34] - A stock repurchase plan of $35.0 million is currently in place, with $12.0 million remaining as of November 4, 2024 [15]

Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2024 Third Quarter Financial Results Third Quarter 2024 Highlights: ● Total revenues increased 17% to $206.0 million ● Net income available to stockholders increased $16.8 million ● Adjusted EBITDA increased 35% to $45.8 million ● Lindblad segment Available Guest Nights increased 6% ● Net Yield per Available Guest Night increased 9% to $1,205 and Occupancy was 82% ● Bookings to date for future travel increased 26% vs the same period in 2023 ● Further ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Lindblad Expeditions Holdings, Inc. (LIND) is a marine expedition company. The Zacks Consensus Estimate for its current year earnings has been revised 10.2% downward over the last 60 days.Polaris Inc. (PII) is a powersports vehicle company. The Zacks Consensus Estimate for its current year earnings has been revised 5.3% downward over the last 60 days.Simpson Manufacturing Co., Inc. (SSD) is a building materials company.The Zacks Conse ...