NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Lindblad Expeditions reported financial results with increased tour revenues driven by the resumption of additional expeditions and trips.

Lindblad Expeditions Holdings, Inc. reported an increase in tour revenues for the third quarter of 2021, driven by the resumption of expeditions and trips. The company saw strong bookings for future travel and expanded its fleet capacity. However, the COVID-19 pandemic continues to impact the company's financial position and results of operation.

  • Expanded fleet operations with eight of ten owned and operated ships providing expeditions across Alaska, the Galapagos, Iceland and the Pacific Northwest.
  • Strong reservations for future travel with 2022 bookings 51% ahead of bookings for 2021 at the same point a year ago and 27% ahead of bookings for 2019 at the same point in 2019.
  • Significantly expanded fleet capacity with delivery of the 126-passenger polar vessel the National Geographic Resolution in September 2021.
  • Following the quarter, further broadened platform of high-quality experiential travel offerings with the acquisition of leading travel operator Classic Journeys

Headline financials

Total Revenue

$64.5M

Previous: $20K+322435.0%
EPS (adj)

-$0.50

Previous: -$0.56+10.7%
Capital Expenditures

-$89.1M

Previous: -$153M+41.7%
Free Cash Flow

-$113M

Previous: -$180M+37.0%
Net Income

-$24.3M

Previous: -$27.4M+11.1%
Operating Income

-$17.7M

Previous: -$26.8M+34.2%
Gross Profit

$18.9M

Previous: -$8.06M+334.7%
Cash & Equivalents

$156M

Previous: $130M+20.0%
Total Assets

$831M

Previous: $709M+17.2%
Stock-Based Comp

$1.41M

Previous: $310K+353.5%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$64.5M

Q3 2021+322,435%vs Q3 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $64.5M total across 2 segments · Q3 2021

  • Lindblad segment
    $33.1M+5416.7%
  • Land Experiences
    $31.4M

Forward guidance

Due to the continued uncertainty around the COVID-19 pandemic, the Company is not providing a full year outlook regarding results of operations at this time and will update its expectations when it has more clarity around the timing of and extent of future operations.

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 Q3 2021

Historical avgQ3 2021

+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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