Lindblad Expeditions Holdings Earnings Call Transcripts
Fiscal Year 2026
-
Record Q1 results with 93% occupancy, 16% revenue growth, and $6M net income. Guidance maintained for 2026 with strong bookings into 2027, despite weather and geopolitical disruptions. Land Experiences and onboard sales showed robust growth.
Fiscal Year 2025
-
Record 2025 results with 20% revenue growth, 38% higher Adjusted EBITDA, and improved margins. 2026 guidance projects continued growth, with strong booking momentum, expanded fleet, and disciplined cost management supporting higher yields and occupancy.
-
Q3 saw record guest satisfaction, 16.6% revenue growth, and a 25% rise in adjusted EBITDA. Full-year guidance for revenue and EBITDA was raised, with strong forward bookings and robust demand in key destinations. Debt refinancing improved liquidity and lowered interest costs.
-
Q2 2025 saw 23% revenue growth and a 139% increase in adjusted EBITDA, driven by higher occupancy, strategic partnerships, and cost innovation. Full-year guidance for revenue and EBITDA was raised, with bookings for 2025 and 2026 pacing ahead of prior years.
-
Q1 2025 saw 17% revenue growth, record net yields, and a 13-point occupancy increase. Bookings for 2025 and 2026 are ahead of last year, with strong demand in both segments and new growth initiatives underway.
Fiscal Year 2024
-
Record 2024 results featured 13% revenue growth to $645M and 28% higher Adjusted EBITDA, with strong bookings for 2025–2026 and new vessel launches. Strategic investments and partnerships with National Geographic and Disney are expected to drive further growth.
-
Record Q3 revenue and earnings growth driven by higher bookings, dynamic pricing, and expanded partnerships. 2024 guidance maintained, with strong liquidity and ongoing international expansion efforts. Historical occupancy levels expected by 2026, with further upside from new markets.
-
Q2 2024 saw 9% revenue growth and a 17% increase in future bookings, with occupancy up to 78%. Expanded partnerships, new ship acquisitions, and strong land business performance support guidance for record 2024 results and continued double-digit growth.