NASDAQ$LIND
Lindblad Expeditions Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported fourth quarter and full year financial results.
Lindblad Expeditions Holdings, Inc. reported a 6% increase in fourth-quarter tour revenues to $125.4 million compared to the same period in 2022. Net loss available to stockholders for the fourth quarter was $28.5 million, an improvement of $4.7 million. Adjusted EBITDA increased $6.6 million to $3.8 million.
- Fourth quarter tour revenues increased by 6% to $125.4 million.
- Lindblad segment tour revenues increased 7% due to an 18% increase in available guest nights.
- Net loss available to stockholders improved by $4.7 million to $28.5 million.
- Adjusted EBITDA increased by $6.6 million to $3.8 million.
Headline financials
Revenue & EPS history
Lindblad Expeditions · Revenue · Quarterly
$125M
Revenue by segment
Lindblad Expeditions · $176M total across 2 segments · Q3 2023
- Lindblad segment$109M-3.1%61.8%
- Land Experiences$67.2M+106.8%38.2%
Forward guidance
The Company’s current expectations for the full year 2024 are as follows: Tour revenues of $610 - $630 million and Adjusted EBITDA of $88 - $98 million.
Tailwinds
- Tour revenues of $610 - $630 million
- Adjusted EBITDA of $88 - $98 million
- Substantial advance reservations for future travel
- Strong gross bookings
- Lindblad segment had 87% of full year 2024 projected guest ticket revenues already on the books as of February 26, 2024
Headwinds
- Short-term impact of instability in Ecuador
- Short-term impact of instability in the Middle East
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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