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Dec 31, 2023
Lindblad Expeditions Q4 2023 Earnings Report
Reported fourth quarter and full year financial results.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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
Challenges Ahead
- Short-term impact of instability in Ecuador
- Short-term impact of instability in the Middle East
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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