Lindblad Q1 revenue up 7% to $153.6M; acquires Wineland-Thomson for ~$30M

LINDBLAD EXPEDITIONS HOLDINGS, INC.

2024-Q1 EPS reported -$0.10 revenue$153,614,000

Q1 net loss $5.1M ($0.10 EPS) vs $0.4M loss year ago; Adjusted EBITDA $21.6M (down 21%).
Lindblad segment net yield $1,219/guest night (+1%); occupancy 76% (down from 81%).
Full-year 2024 guidance: revenue $610-630M, Adjusted EBITDA $88-98M.
Acquiring Wineland-Thomson Adventures for ~$30M (cash+stock); closing in ~3 months pending Tanzania approvals.
Stock repurchase plan: $35M authorized, $12M remaining; 875K shares and 6M warrants bought.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $153.6 million, net income $5.1 million, $0.10 per diluted share, EPS $0.10 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $153.6 million
Net income: $5.1 million, $0.10 per diluted share
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

Inc. Reports 2024 First Quarter Financial Results and Announces Acquisition of Wineland-Thomson Adventures, Inc. First Quarter 2024 Highlights: ● Total revenue increased 7% to $153.6 million ● Lindblad segment available guest nights increased 3% ● Lindblad segment net yield per available guest night increased 1% to $1,219 with higher pricing and occupancy of 76% ●

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Source: SEC EDGAR

accession 0001437749-24-013842

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