NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Lindblad Expeditions reported a revenue increase and strategic expansions in Q2 2024.

Lindblad Expeditions Holdings, Inc. reported a 9% increase in total revenues to $136.5 million for the second quarter of 2024. The company's net loss available to stockholders increased slightly, while Adjusted EBITDA rose by $4.2 million to $10.4 million. Strategic growth initiatives included the acquisition of two vessels for the Galápagos market and the closing of the acquisition of Wineland-Thompson Adventures.

  • Total revenues increased by 9% to $136.5 million.
  • Net loss available to stockholders increased by $0.3 million.
  • Adjusted EBITDA increased by $4.2 million to $10.4 million.
  • Bookings to date for future travel increased 17% vs the same period in 2023.

Headline financials

Total Revenue

$136M

Previous: $125M+9.4%
EPS

-$0.48

Previous: -$0.48+0.0%
Adjusted EBITDA

$10.4M

No prior period
Occupancy

78.0%

Previous: 74.0%+5.4%
Net yield per AGN

$1.09K

Previous: $1.03K+5.8%
Guest nights sold

60.2K

No prior period
Available guest nights

77.4K

No prior period
Maximum guests

9.6K

No prior period
Number of guests

7.8K

No prior period
Voyages

121

No prior period
Capital Expenditures

-$13.9M

Previous: -$14.7M+5.6%
Free Cash Flow

-$38.6M

Previous: -$39.2M+1.6%
Net Income

-$24.7M

Previous: -$24.5M-0.8%
Operating Income

-$8.21M

Previous: -$8.5M+3.4%
Gross Profit

$57.9M

Previous: $47.1M+22.7%
Cash & Equivalents

$168M

Previous: $143M+17.6%
Total Assets

$858M

Previous: $854M+0.5%
Stock-Based Comp

$2.72M

Previous: $3.39M-19.9%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$136M

Q2 2024+9.4%vs Q2 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $176M total across 2 segments · Q3 2023

  • Lindblad segment
    $109M-3.1%
  • Land Experiences
    $67.2M+106.8%

Forward guidance

The Company’s current expectations for the full year 2024 are as follows:

Tailwinds

  • Tour revenues of $610 - $630 million
  • Adjusted EBITDA of $88 - $98 million

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 2024

Historical avgQ2 2024

+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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