Overview
Lindblad Q3 revenue rises 17% to $240.2 mln, driven by strong segment growth
Adjusted EBITDA for Q3 beats estimates, rising 25% to $57.3 mln
Company refinances long-term debt, lowering interest rate to 7% and extending maturity to 2030
Outlook
Company expects full-year 2025 tour revenues of $745 mln to $760 mln
Lindblad projects 2025 adjusted EBITDA between $119 mln and $123 mln
Result Drivers
LINDBLAD SEGMENT - Revenue increased 13% due to higher pricing and occupancy
LAND EXPERIENCES - Revenue grew 21% from additional trips and higher pricing
DEBT REFINANCING - Refinanced long-term debt to lower interest rate and extend maturity
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Tour Revenue | $240.17 mln | ||
Q3 Net Income | -$49,000 | ||
Q3 Adjusted EBITDA | Beat | $57.26 mln | $47.72 mln (4 Analysts) |
Q3 Operating Income | $35.97 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"
Wall Street's median 12-month price target for Lindblad Expeditions Holdings Inc is $16.50, about 26.1% above its November 3 closing price of $12.20
Press Release: ID:nPn6FmzlFa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)