Welcome to our dedicated page for Lindblad Expeditions Holdings news (Ticker: LIND), a resource for investors and traders seeking the latest updates and insights on Lindblad Expeditions Holdings stock.
Lindblad Expeditions Holdings Inc. Common Stock (NASDAQ: LIND) serves as a global leader in the expedition cruising and adventure travel industry. Founded in 1958 by Lars-Eric Lindblad, considered the father of eco travel, the company has been pioneering sustainable and immersive travel experiences ever since. In 2004, Lindblad Expeditions forged a groundbreaking alliance with National Geographic, with a shared mission to inspire people to explore and care about the planet through expedition travel.
Today, the company operates a fleet of 10 ships, including the highly regarded 148-guest National Geographic Explorer and the 106-guest National Geographic Orion. These ships are equipped with sophisticated exploration tools, offering unique and immersive expeditions that feature up-close encounters with wildlife, nature, history, and culture. The company operates in two main segments: Lindblad and Land Experiences, with the Lindblad segment generating the majority of the revenue.
Recent achievements include a notable new series of gastronomic expeditions co-created with FOOD & WINE, exploring the Columbia and Snake Rivers. This collaboration emphasizes locally sourced ingredients and regional varietals, offering a culinary journey through the Pacific Northwest's historical and natural landscapes. Another significant milestone is the long-term extension of Lindblad's strategic relationship with National Geographic, expanding their partnership through 2040, and leveraging The Walt Disney Company's sales channels for broader distribution.
Financially, Lindblad Expeditions continues to demonstrate robust growth. As of the third quarter of 2023, the company reported tour revenues of $176.0 million, a 22% increase compared to the same period in 2022. The strategic investments in fleet expansion, diversified land offerings, and enhanced technological infrastructure have positioned Lindblad for significant earnings potential amid the growing demand for experiential travel.
Lindblad's financial outlook remains strong. The company holds substantial advance reservations for future travel, with bookings for 2024 already indicating continued growth. With a total debt position of $635.1 million as of September 30, 2023, Lindblad Expeditions maintains compliance with all applicable debt covenants, ensuring financial stability and the ability to invest in future growth opportunities.
For more information, visit www.expeditions.com or connect with Lindblad Expeditions on Facebook, Twitter, Instagram, YouTube, and Pinterest.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will report its 2022 third quarter financial results on November 2, 2022, before the market opens. A conference call is scheduled for 8:30 am ET to discuss these results, accessible by phone and through an audio webcast. The replay will be available shortly after the call. Lindblad focuses on expedition cruises and adventure travel, partnering with National Geographic for conservation and sustainable tourism initiatives.
Lindblad Expeditions Holdings reported Q2 2022 financial results, achieving total revenue of $90.9 million, a remarkable increase of $75.6 million from 2021. The ramp-up of operations saw all ten vessels operational, with bookings for 2023 26% higher than the corresponding period in 2019. Despite a net loss of $30 million or $0.59 per diluted share, the company improved its loss from $36.6 million in the previous year. A solid balance sheet included $126.9 million in unrestricted cash. Future financial outlook remains uncertain due to lingering COVID-19 effects.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will announce its 2022 second quarter financial results on August 1, 2022, before the market opens. A conference call is scheduled for 8:30 am Eastern Time to discuss these results, accessible via multiple dialing options including 844-200-6205 in the U.S. The earnings release and a live audio webcast will be available on the company's investor relations website. A replay of the call will be accessible shortly after its conclusion.
Lindblad Expeditions Holdings has appointed Noah Brodsky as Chief Commercial Officer effective immediately. Brodsky, with over 20 years of experience in premium guest service and innovative marketing, previously held the position of President at Travel + Leisure Group. His leadership is expected to enhance Lindblad's marketing, sales, and digital product development as the company aims for continued growth in expedition travel. CEO Dolf Berle emphasized Brodsky's role in expanding Lindblad's reach and enriching guest experiences.
Lindblad Expeditions Holdings reported strong first-quarter results for 2022, with tour revenues surging to $67.8 million, up from $1.8 million in Q1 2021. Bookings for the latter half of 2022 are 50% higher than the same period in 2019, indicating robust demand. The company refinanced its debt, enhancing financial flexibility, and extended its operating rights in the Galapagos for an additional 20 years. However, net loss was $43 million, attributed to increased operational costs and interest expenses. The future outlook remains uncertain due to ongoing impacts from COVID-19 and geopolitical tensions.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will announce its first quarter financial results for 2022 on May 3, 2022, before the market opens. The company will conduct a conference call at 8:30 am Eastern Time to discuss these results. Investors can access the earnings release and a live audio webcast via the company’s investor relations website. A replay of the call will be available within 48 hours. Lindblad, in partnership with National Geographic, offers unique expedition travel experiences, focusing on conservation and sustainable tourism.
Lindblad Expeditions Holdings reported a significant increase in tour revenues for Q4 2021, totaling $65.6 million, up from $364,000 in Q4 2020. Full-year tour revenues also rose to $147.1 million, reflecting a $64.8 million increase compared to 2020. Despite this growth, the company experienced a net loss of $124.7 million for 2021, with an Adjusted EBITDA loss of $64.0 million. Lindblad attributes revenue growth to the resumption of expeditions and acquisitions that bolstered their offerings. However, ongoing uncertainties related to COVID-19 impact their financial outlook.
Lindblad Expeditions Holdings (NASDAQ: LIND) announced the appointment of Alex Schultz as an independent director, expanding the Board from nine to ten members. Schultz, currently CMO and VP of Analytics at Meta, brings extensive experience in data-driven marketing. His expertise is expected to enhance Lindblad's engagement strategies with potential customers. Co-Chairs Mark D. Ein and Sven-Olof Lindblad praised his proven track record in driving growth through effective marketing campaigns. The company seeks to capitalize on the increasing demand for experiential travel.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will release its 2021 fourth quarter and full year financial results on February 22, 2022, before market opening. A conference call is scheduled for 8:30 am Eastern Time to discuss these results. Investors can access the call by dialing specific numbers for the U.S., Canada, and international calls. The earnings release and live audio webcast will be available on Lindblad's investor relations website. A replay of the call will also be accessible shortly after its completion.
Lindblad Expeditions Holdings, Inc. (Nasdaq: LIND) has announced the pricing of its wholly-owned subsidiary's private offering of $360 million in 6.750% senior secured notes due 2027, increasing the offering size by $20 million. The notes will be senior secured obligations, guaranteed by Lindblad and other subsidiaries, with first-priority liens on substantial assets. Proceeds will be used primarily to prepay existing debt, including loans and revolving credit facilities. The offering is restricted to qualified institutional buyers under Regulation S and Rule 144A.
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