earnings
confidence high
sentiment positive
materiality 0.75
Lindblad Q2 revenue up 9% to $136.5M; Adj. EBITDA $10.4M; adds two Galápagos ships, buys Thomson Safaris
LINDBLAD EXPEDITIONS HOLDINGS, INC.
2024-Q2 EPS reported
-$0.58
revenue$290,113,000
- Q2 net loss $25.8M ($0.48/sh), relatively flat YoY; revenue $136.5M (+9%) driven by higher pricing and occupancy.
- Lindblad segment net yield per guest night up 6% to $1,094; occupancy 78% vs 74% prior year.
- Added two Galápagos vessels (Nat Geo Gemini and Delfina) expected to close Jan 2025; inaugurals Feb/Mar 2025.
- Completed acquisition of Wineland-Thompson Adventures for $30M (cash & stock); expanded land-based offerings.
- FY2024 guidance: tour rev $610-630M, Adj. EBITDA $88-98M; has $12M remaining on $35M buyback plan.