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Sep 30, 2023
Lindblad Expeditions Q3 2023 Earnings Report
Lindblad Expeditions reported record third quarter results driven by increased fleet capacity and diversified land offerings.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported a 22% increase in total revenues to $176.0 million for the third quarter of 2023. Net income available to stockholders increased by $14.3 million to $4.5 million, and Adjusted EBITDA increased by 83% to $34.0 million. The company's Lindblad segment saw a 21% increase in available guest nights, and net yield per available guest night increased by 9% to $1,110 with an occupancy rate of 81%.
Total revenues increased 22% to $176.0 million.
Net income available to stockholders increased $14.3 million to $4.5 million.
Adjusted EBITDA increased 83% to $34.0 million.
Lindblad segment available guest nights increased 21%.
Revenue by Segment
Forward Guidance
The Company’s current expectations for the full year 2023 are as follows: Tour revenues of $550 - $575 million and Adjusted EBITDA of $70 - $80 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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