Lindblad Q3 earnings: revenue $206M (+17%), net income $21.3M, Adj EBITDA $45.8M (+35%)

LINDBLAD EXPEDITIONS HOLDINGS, INC.

2024-Q3 EPS reported -$0.18 revenue$496,118,000

Net income available to stockholders $21.3M ($0.36 diluted EPS) vs $4.5M ($0.08) in Q3 2023; a $16.8M increase.
Total revenues grew 17% to $206M; Lindblad segment rev +12% to $121.3M, Land Experiences +26% to $84.7M.
Adjusted EBITDA increased 35% to $45.8M; Lindblad segment $26.2M (+30%), Land Experiences $19.6M (+42%).
Bookings for future travel up 26% vs 2023; full year 2024 guidance: rev $610-630M, Adj EBITDA $88-98M.
Completed acquisition of Wineland-Thompson Adventures for $30M ($24M cash + $6M stock); added two Galápagos vessels.

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