NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended June 30, 2020.

Lindblad Expeditions Holdings, Inc. reported a challenging second quarter in 2020 due to the COVID-19 pandemic, which led to the suspension or rescheduling of the majority of its expeditions. The company implemented cost reduction measures to increase liquidity and amended credit agreements to defer payments and suspend financial covenants. The company is not providing full year outlook.

  • Implemented significant cost reduction measures to further increase liquidity profile.
  • Ended the quarter with $80.9 million in unrestricted cash and $21.3 million in restricted cash.
  • Amended export credit agreements, deferring $9.0 million in principal payments and suspending financial covenants.
  • Following the quarter, amended term loan and revolving credit facilities to suspend leverage covenants.

Headline financials

Total Revenue

$12K

Previous: $76.7M-100.0%
EPS (adj)

-$0.80

Previous: $0.02-4100.0%
Capital Expenditures

-$152M

Previous: -$42.3M-259.3%
Free Cash Flow

-$192M

Previous: -$41.3M-364.5%
Net Income

-$39.9M

Previous: $988K-4140.8%
Operating Income

-$34.7M

Previous: $4.12M-943.1%
Gross Profit

-$12.7M

Previous: $39.1M-132.5%
Cash & Equivalents

$80.9M

Previous: $78.7M+2.7%
Total Assets

$672M

Previous: $508M+32.2%
Stock-Based Comp

$703K

Previous: $1M-29.8%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$12K

Q2 2020-100%vs Q2 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

Given the uncertain impact from the COVID-19 virus, the Company has withdrawn its previous full year guidance. The COVID-19 outbreak has had, and will continue to have, a significant impact on the Company’s financial position and results of operation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+2.2%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+5.1%

Avg return

30 days after

57%

25 / 44 earnings

Positive

+40.5%

Q3 2024

Best reaction

-13.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.9%+18.4%+24.4%
Q4 2025-2.4%-8.3%-18.7%
Q3 2025+2.1%-0.6%-1.9%
Q1 2025+9.0%+14.5%+19.7%
Q4 2024-1.3%-3.2%-14.5%
Q3 2024+40.5%+48.2%+43.4%
Q2 2024-0.7%-4.2%+22.6%
Q1 2024+1.4%+0.5%+4.9%
Q4 2023-3.5%-9.6%-2.9%
Q3 2023+13.9%+15.8%+40.9%
Q2 2023+13.7%+11.2%-6.0%
Q1 2023-2.0%-2.8%-10.4%
Q4 2022-13.7%-3.7%-12.9%
Q3 2022+27.3%+29.0%+9.6%
Q2 2022+4.3%+7.6%-2.2%
Q1 2022-8.5%-15.1%-4.3%
Q4 2021-13.2%-0.5%-15.8%
Q3 2021+6.1%+12.9%-9.1%
Q2 2021-3.6%+10.8%+5.5%
Q1 2021-4.0%-6.3%-0.3%
Q4 2020+2.2%+6.5%-6.8%
Q3 2020+6.8%+1.0%+65.7%
Q2 2020+2.9%-4.4%+32.0%
Q1 2020-3.3%-10.8%+17.5%
Q4 2019-5.5%-13.8%-58.8%
Q3 2019-0.7%+1.0%-2.2%
Q2 2019+0.4%-0.9%-0.9%
Q1 2019+0.6%+1.3%+2.1%
Q4 2018+3.6%+6.8%+12.1%
Q3 2018-1.5%-1.1%-5.6%
Q2 2018+2.0%+7.8%+16.8%
Q1 2018+6.4%+7.4%+9.6%
Q4 2017+0.3%-0.3%+11.8%
Q3 2017-2.7%-1.6%-4.8%
Q2 2017+4.3%+6.9%+14.4%
Q1 2017+1.2%+0.2%+6.8%
Q4 2016+0.6%+3.5%+1.7%
Q3 2016+5.5%+5.3%+19.9%
Q2 2016-5.0%-5.8%-3.1%
Q1 2016-0.7%
Q4 2015-5.2%
Q3 2015+1.9%
Q2 2015-0.8%
Q1 2015+1.8%
Q4 2012

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