None
DE
Lindblad Expeditions Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
Lindblad Expeditions (NASDAQ:LIND) reported higher second-quarter revenue, occupancy and adjusted EBITDA, while raising its full-year revenue and net-yield outlook amid continued elevated fuel costs.
Adjusted EBITDA rose 31% to $32.5 million, and adjusted EBITDA margin expanded 150 basis points to 16.3%.
Occupancy rose to 91% from 86% in the prior-year quarter, marking Lindblad’s highest second-quarter occupancy level in 10 years.
Land Experiences revenue increased 23% to $70 million, driven by 13% growth in guests and an 8% increase in revenue per guest.
Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.