Core Viewpoint - Lindblad Expeditions Holdings, Inc. has announced the exercise of its mandatory conversion right on all outstanding shares of its 6.0% Series A Convertible Preferred Stock, which is expected to strengthen its balance sheet and simplify its capital structure [1][4]. Group 1: Mandatory Conversion Details - The mandatory conversion was triggered on January 16, 2026, when the volume-weighted average price of the company's common stock exceeded $14.25 for at least 20 out of 30 consecutive trading days [2]. - The effective date for the mandatory conversion is set for February 3, 2026, at which point all 62,000 shares of Preferred Stock will be converted into approximately 9.0 million shares of common stock [3]. - Post-conversion, assuming no additional issuances, Lindblad will have approximately 64.4 million shares of common stock outstanding, with no Preferred Stock remaining [3]. Group 2: Company Overview - Lindblad Expeditions is a leader in global expedition travel, offering immersive journeys across all seven continents through its six brands [4]. - The company collaborates with National Geographic to provide ship-based voyages that allow guests to explore remote destinations alongside scientists and naturalists [4]. - Lindblad's portfolio includes award-winning land-based brands that offer wildlife, cultural, and adventure-focused experiences, fostering a deep appreciation for the planet [4].

Core Insights - Lindblad Expeditions Holdings, Inc. will report its third quarter financial results for 2025 on November 4, 2025, before the market opens [1] - A conference call to discuss the results will take place at 9:00 am Eastern Time, accessible via specific phone numbers for both the United States and international callers [1][2] Company Overview - Lindblad Expeditions is a leader in global expedition travel, offering immersive journeys across all seven continents through six pioneering brands [3] - The company collaborates with National Geographic to provide ship-based voyages that allow guests to explore remote destinations alongside scientists and naturalists [3] - Lindblad's portfolio includes modern expedition cruises and award-winning land-based brands, focusing on wildlife, cultural, and adventure experiences [3][4]

Core Insights - Lindblad Expeditions Holdings, Inc. reported a 23% increase in revenue for Q2 2025, reaching $167.9 million, driven by strong performance in both the Lindblad and Land Experiences segments [4][13] - The company achieved an 86% occupancy rate, up from 78% in the same quarter last year, alongside a 139% increase in Adjusted EBITDA to $24.8 million [3][8] - The net loss available to stockholders improved to $9.7 million, a $16.1 million reduction compared to Q2 2024 [7][13] Financial Performance - Tour revenues for the Lindblad segment increased by 19% to $111.0 million, attributed to a 13% rise in net yield per available guest night to $1,241 [5][11] - The Land Experiences segment saw a 31% revenue increase to $56.9 million, benefiting from additional trips and higher pricing [6][11] - Adjusted EBITDA for the Lindblad segment rose by 150% to $16.3 million, while the Land Experiences segment's Adjusted EBITDA increased by 121% to $8.5 million [9][10] Balance Sheet and Liquidity - As of June 30, 2025, the company had cash and cash equivalents totaling $247.3 million, up from $216.1 million at the end of 2024 [12] - Total debt stood at $635.0 million, with the company in compliance with all applicable debt covenants [14] 2025 Outlook - The company anticipates full-year tour revenues between $725 million and $750 million, with Adjusted EBITDA projected to be between $108 million and $115 million [22][30] - A stock repurchase plan of $35.0 million is currently in place, with $12.0 million remaining as of July 31, 2025 [15]

Core Viewpoint - Lindblad Expeditions Holdings, Inc. is set to report its second quarter financial results for 2025 on August 4, 2025, before market opening, followed by a conference call to discuss the results [1]. Company Overview - Lindblad Expeditions Holdings, Inc. is a leader in global expedition travel, offering immersive and educational journeys across all seven continents through six pioneering brands [3]. - The company collaborates with National Geographic to operate the National Geographic-Lindblad Expeditions co-brand, providing ship-based voyages that allow guests to explore remote destinations alongside scientists and naturalists [3]. - Lindblad's portfolio includes modern expedition cruises and award-winning land-based brands such as Natural Habitat Adventures, Off the Beaten Path, DuVine Cycling + Adventure Co., Classic Journeys, and Wineland-Thomson Adventures, which focus on wildlife, cultural, and adventure experiences [3].

Core Viewpoint - Lindblad Expeditions Holdings, Inc. is set to report its second quarter financial results for 2025 on August 4, 2025, before market opening, followed by a conference call to discuss the results [1]. Company Overview - Lindblad Expeditions Holdings, Inc. is a leader in global expedition travel, offering immersive and educational journeys across all seven continents through six pioneering brands [3]. - The company collaborates with National Geographic to operate the National Geographic-Lindblad Expeditions co-brand, providing ship-based voyages that allow guests to explore remote destinations alongside scientists and naturalists [3]. - Lindblad's portfolio includes modern expedition cruises and award-winning land-based brands such as Natural Habitat Adventures, Off the Beaten Path, DuVine Cycling + Adventure Co., Classic Journeys, and Wineland-Thomson Adventures, which focus on wildlife, cultural, and adventure experiences [3].