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 reported a net loss of $100.4 million for 2020, reflecting a 76% decline in tour revenues due to COVID-19. The company ended the year with $187.5 million in unrestricted cash and significant cost reductions in place, limiting monthly cash usage to $10-15 million. Lindblad announced the acquisitions of DuVine Cycling + Adventure and Off the Beaten Path to expand its adventure travel offerings, with total purchase costs around $10.5 million. Bookings for 2022 are currently 37% ahead of 2021, indicating a recovery in demand for expedition travel.
Lindblad Expeditions Holdings has acquired majority stakes in DuVine Cycling + Adventure Co. and Off the Beaten Path, enhancing its portfolio in adventure travel. DuVine specializes in luxury cycling tours globally, while Off the Beaten Path focuses on active journeys in U.S. National Parks. These acquisitions aim to capitalize on the growing demand for immersive travel experiences, especially cycling tourism, which surged during the pandemic. Lindblad plans to leverage its resources to accelerate growth in these segments, expanding its reach in high-quality experiential travel.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will report its 2020 fourth quarter and full year financial results on March 9, 2021, before market opening. The conference call to discuss these results has been rescheduled for 8:30 am ET. Investors can access the call by dialing the provided numbers. A replay and transcript will be available within 48 hours. Lindblad Expeditions specializes in expedition cruises and adventure travel, partnering with National Geographic to promote sustainable tourism and conservation.
Lindblad Expeditions Holdings (NASDAQ: LIND) will announce its 2020 fourth quarter and full year financial results on March 9, 2021, after the market closes. A conference call to discuss these results is scheduled for 4:30 PM ET. Investors can access the call by dialing the provided numbers. The earnings release and a live audio webcast will be available on the Company's investor relations website. A replay of the call will also be accessible shortly after its completion.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) has appointed David Goodman as its new Chief Commercial and Marketing Officer, effective November 9, 2020. Goodman brings over 30 years of experience in global multimedia organizations, previously serving at Sotheby's where he oversaw major digital initiatives and revenue growth. His role at Lindblad will focus on revenue production, marketing, digital development, and strategic partnerships. The company aims to reactivate its growth plan in 2021 amid the pandemic, leveraging Goodman’s expertise to enhance its marketing strategies.
Lindblad Expeditions Holdings reported a challenging third quarter of 2020, with tour revenues plummeting 99% to $1.0 million compared to $100.9 million in 2019. The company faced a net loss of $27.4 million, or $0.56 per diluted share, compared to a loss of $0.5 million last year. Despite these setbacks, Lindblad raised $85 million through a private placement and maintained $146.2 million in liquidity. Advanced bookings for 2021 remain strong, with a 4% increase over 2019 levels. The company is focused on enhancing health protocols to ensure a safe return to operations amidst ongoing COVID-19 uncertainties.
Lindblad Expeditions Holdings will announce its third quarter financial results for 2020 on October 29, 2020, before the market opens. A conference call is scheduled for 8:30 AM Eastern Time to discuss these results. Interested parties can join by calling 833-366-0413 (U.S.) or 236-712-2494 (International) using Conference ID 6468736. A webcast of the call will be available on the company's investor relations website, along with a replay and transcript post-call.
Lindblad Expeditions Holdings has entered an agreement to raise $85 million through a private placement of convertible preferred stock with notable investors including MSD Partners and Durable Capital. The preferred stock offers a 6.0% dividend, convertible at $9.50 per share, representing a 23% premium to the stock's average price. This capital will enhance Lindblad's liquidity, which will be approximately $187 million post-investment. The funds aim to support the company's return to operations amidst the COVID-19 pandemic and enable future growth opportunities.
Lindblad Expeditions Holdings reported significant financial challenges due to COVID-19, with second-quarter tour revenues dropping 100% to a loss of $76.9 million. The net loss available to common stockholders was $39.7 million, or $0.80 per diluted share. Total cash, unrestricted and restricted, stood at $102.2 million as of June 30, 2020. The company has implemented various cost-cutting measures, including deferring $9 million in principal payments and reducing expected capital expenditures by over $10 million. Although bookings for 2021 show a positive trend, near-term demand remains uncertain.
Lindblad Expeditions Holdings will disclose its 2020 second quarter financial results on August 10, 2020, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET. Interested parties can access the call by dialing 844-378-6487 in the US or 412-542-4182 internationally. The earnings release and a live audio webcast will be available on their investor relations website. A replay will be available within 48 hours at the same site and via phone.
FAQ
What is the current stock price of Lindblad Expeditions Holdings (LIND)?
What is the market cap of Lindblad Expeditions Holdings (LIND)?
What does Lindblad Expeditions Holdings Inc. do?
How does the company's alliance with National Geographic benefit customers?
What recent projects has Lindblad Expeditions undertaken?
How did Lindblad Expeditions perform financially in the latest quarter?
What are the company's future financial expectations?
How many ships does Lindblad Expeditions operate?
What are the core segments of Lindblad Expeditions?
How has the company expanded its land-based offerings?
What is the significance of Lindblad's partnership with The Walt Disney Company?
Where can I find more information about Lindblad Expeditions?
