Lindblad Expeditions (LIND)

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Earnings Preview: Lindblad Expeditions (LIND) Q1 Earnings Expected to Decline
Zacks Investment Research· 2024-04-23 15:07
Wall Street expects a year-over-year decline in earnings on higher revenues when Lindblad Expeditions (LIND) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April ...
Lindblad Expeditions (LIND) - 2023 Q4 - Annual Report
2024-03-06 21:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to ______________ Commission File Number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) | Delaware ...
Lindblad Expeditions (LIND) - 2023 Q4 - Earnings Call Transcript
2024-02-28 21:34
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET Company Participants Craig Felenstein - CFO Sven-Olof Lindblad - Founder, CEO and Co-Chair Conference Call Participants Jackson Gibb - Stifel Eric Wold - B. Riley Securities Alex Fuhrman - Craig-Hallum Capital Operator Hello, everyone, and welcome to the Lindblad Expeditions Fourth Quarter and Full Year Financial Results. My name is Bruno, and I'll be operating your call today. [Operator Instructi ...
Lindblad Expeditions (LIND) - 2023 Q4 - Annual Results
2024-02-28 12:29
Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2023 Fourth Quarter Financial Results and Full Year Financial Results Full Year 2023 Highlights: NEW YORK, February 28, 2024 Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the "Company" or "Lindblad"), a global provider of expedition cruises and adventure travel experiences, today reported financial results for the fourth quarter and full year ended December 31, 2023. Sven Lindblad, Chief Executive Officer, said "The record full year results we de ...
Lindblad Expeditions (LIND) - 2023 Q3 - Earnings Call Transcript
2023-11-05 09:42
Financial Data and Key Metrics Changes - Total company revenue for Q3 2023 was $176 million, an increase of $31 million or 22% compared to Q3 2022 [40] - Adjusted EBITDA for the total company reached $34 million, an increase of 83% year-over-year [25] - Net income available to stockholders improved to $4.5 million or $0.08 per diluted share, compared to a net loss of $9.8 million or $0.18 per diluted share in the same quarter last year [26] Business Line Data and Key Metrics Changes - Lindblad segment revenue was $109 million, up $25 million or 30% year-over-year, driven by a 21% increase in available guest nights and a 9% increase in net yield to $1,110 per available guest night [23] - Land Experiences segment revenue was $67 million, an increase of $6 million or 10% year-over-year, supported by additional departures and guests across various land trips [24] Market Data and Key Metrics Changes - Occupancy rate remained at 81%, consistent with Q3 2022, despite a significant increase in available guest nights [24] - The company has seen a steady increase in bookings, with gross production in Q3 up nearly 20% compared to the same quarter in 2022 [60] Company Strategy and Development Direction - The company has three key priorities: enhancing guest experience, expanding fleet capacity to pre-pandemic levels, and growing acquired businesses while seeking strategic acquisitions [3][4] - The focus is on modernizing marketing and sales platforms to drive growth, including a blend of traditional and digital marketing strategies [5][6] - The company aims to maintain premium pricing while increasing occupancy, emphasizing the unique value proposition of their high-quality expedition experiences [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing demand for experiential travel and the company's ability to capitalize on this trend [39] - There are expectations for total company revenue in 2023 to be between $550 million and $575 million, with adjusted EBITDA between $70 million and $80 million [44] - Management acknowledged potential short-term fluctuations due to external factors but remains confident in the long-term growth trajectory [46] Other Important Information - The company ended the quarter with $205 million in cash and short-term investments, reflecting a $7 million increase from the previous quarter [28] - G&A expenses increased by 18% year-over-year, primarily due to higher personnel costs and increased credit card commissions [26] Q&A Session Summary Question: Why was guidance left unchanged despite a strong quarter? - Management cited three main uncertainties: cancellation levels, geopolitical impacts particularly in Egypt, and variability in fuel prices affecting future quarters [47][56] Question: How are booking trends for 2024? - Booking trends remain consistent, with gross production in Q3 up nearly 20% year-over-year, and the company is in a good position heading into 2024 [60][61] Question: What is the difference between current occupancy and pre-pandemic levels? - The current occupancy of 81% is below the pre-pandemic levels of around 90%, with short-term cancellations and the need for more time to ramp up new itineraries contributing to this difference [72]
Lindblad Expeditions (LIND) - 2023 Q3 - Quarterly Report
2023-11-02 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | 27-4749725 | | --- | --- | | ...
Lindblad Expeditions (LIND) - 2023 Q1 - Earnings Call Presentation
2023-08-10 12:35
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Lindblad Expeditions (LIND) - 2023 Q2 - Quarterly Report
2023-07-27 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | 27-4749725 | | --- | --- | | (Sta ...
Lindblad Expeditions (LIND) - 2023 Q2 - Earnings Call Transcript
2023-07-27 20:34
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Craig Felenstein - Chief Financial Officer Sven-Olof Lindblad - Founder, Chief Executive Officer & Co-Chair Conference Call Participants Steven Wieczynski - Stifel Alex Fuhrman - Craig-Hallum Capital Operator Ladies and gentlemen, welcome to the Lindblad Expeditions Holdings, Inc. report internally Second Quarter Financial Results. My name is Glenn, and I will be the operator for ...
Lindblad Expeditions (LIND) - 2023 Q1 - Earnings Call Transcript
2023-05-06 09:41
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Craig Felenstein - Chief Financial Officer Dolf Berle - Chief Executive Officer Conference Call Participants Steven Wieczynski - Stifel, Nicolaus & Company, Inc. Jonathan Jenkins - Oppenheimer & Co. Inc. Alex Fuhrman - Craig-Hallum Capital Group LLC Operator Good morning or good afternoon, and welcome to the Lindblad Expeditions First Quarter Financial Results Call. My name is Adam, ...