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Lindblad Expeditions Holdings Inc (LIND)
NASDAQ:LIND
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -14.45%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Lindblad Expeditions reported a strong financial performance in 2024, with record revenues and significant growth in both its Lindblad and Land segments. Technological advancements and sustainability efforts were also highlighted as successes. However, increased operating costs and a notable net loss were concerns. While future bookings look promising, the EBITDA guidance for 2025 was lower than expected, indicating potential challenges ahead. Overall, the highlights slightly outweigh the lowlights.Company Guidance
During Lindblad's 2024 Fourth Quarter Earnings Call, the company provided guidance on several financial metrics and strategic initiatives. For the fiscal year 2024, Lindblad reported a 13% increase in revenues to $645 million, with the Land segment's revenue up by 29% and the Lindblad segment's tour revenue rising by 7%, driven by improved yields and occupancy. The company achieved a record adjusted EBITDA increase of 28%, with margins up 170 basis points to 14.4%. Looking ahead, Lindblad expects 2025 total company tour revenue to range between $700 million and $750 million, with adjusted EBITDA projected between $100 million and $112 million. The company plans to expand its Antarctica Direct fly cruise program and has introduced two new vessels in the Galapagos market, contributing to the nearly sold-out 2025 program and over half-booked 2026 itineraries. Lindblad's strategic focus includes maximizing revenue through higher occupancy and enhanced pricing management, optimizing financial performance via cost innovations, and exploring accretive growth opportunities such as fleet expansion and new brand additions. Additionally, Lindblad emphasized its commitment to sustainability, having facilitated 45 conservation initiatives in 2024, and continues to invest in technology upgrades to improve operational efficiencies. The partnership with National Geographic and Disney is expected to drive demand through new sales channels and audience reach, positioning the company for long-term sustainable growth.Record-Breaking Revenue and Growth
In 2024, Lindblad delivered record revenue of $645 million, up 13% from 2023. Adjusted EBITDA increased 28% with margins improving by 170 basis points to 14.4%.
Strong Performance in Land Segment
Land segment revenue increased by 29%, driven by additional trips and higher pricing, contributing significantly to overall growth.
Successful New Programs and Expansion
The Antarctica Direct fly cruise program expanded from 4 voyages in 2024 to 19 in 2025, with 2025 nearly sold out and 2026 more than half booked. Additionally, two new vessels were introduced in the Galapagos market.
Technological Advancements
Implementation of the Seaware booking platform and onboard technology upgrades led to operational efficiencies, including reduced wait times by over 50%.
Sustainability Achievements
In 2024, 45 conservation initiatives were facilitated, including the successful Floreana Island restoration project.
Positive Booking Trends
Bookings for 2025 and 2026 are trending ahead of the prior year in both Expedition and Land segments.
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LIND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LIND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $11.14 | $11.00 | -1.26% |
| Nov 05, 2024 | $9.35 | $11.71 | +25.24% |
| Aug 08, 2024 | $7.62 | $7.51 | -1.44% |
| Apr 30, 2024 | $7.30 | $7.34 | +0.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lindblad Expeditions Holdings Inc (LIND) report earnings?
Lindblad Expeditions Holdings Inc (LIND) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Lindblad Expeditions Holdings Inc (LIND) earnings time?
Lindblad Expeditions Holdings Inc (LIND) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIND EPS forecast?
LIND EPS forecast for the fiscal quarter 2025 (Q1) is -0.14.
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