Lindblad Expeditions (NASDAQ:LIND – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08, Zacks reports. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.53%. The business had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million.
Here are the key takeaways from Lindblad Expeditions’ conference call:
- Q2 revenue rose 19% to $199.2 million, while adjusted EBITDA increased 31% to $32.5 million and margin expanded 150 basis points to 16.3%, despite elevated fuel costs.
- Occupancy reached 91%, up from 86% a year ago, and net yield increased 4.3% to a record $1,294 per available guest night. The company said bookings for 2026, 2027 and newly launched 2028 itineraries are pacing ahead of prior-year levels.
- Lindblad raised its 2026 revenue guidance to $830 million-$860 million from $800 million-$850 million and increased net yield growth guidance to 4.5%-5.5%; adjusted EBITDA guidance remains $130 million-$140 million.
- Elevated fuel prices, modeled near $100 per barrel for the remainder of the year, remain a significant profitability headwind. The company also cited higher National Geographic royalty costs and potential voyage cancellations tied to geopolitical events.
- Financial flexibility improved, with year-to-date free cash flow up 93% to $93.6 million and net leverage declining to 2.2 times. Management said it will prioritize organic investment and disciplined acquisitions, while retaining the option for debt reduction or opportunistic share repurchases.
Lindblad Expeditions Price Performance
NASDAQ:LIND traded up $0.05 during trading hours on Wednesday, hitting $34.14. The company’s stock had a trading volume of 177,055 shares, compared to its average volume of 830,425. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $34.95. The stock has a fifty day simple moving average of $26.06 and a 200-day simple moving average of $21.21. The company has a market capitalization of $2.24 billion, a P/E ratio of -63.22 and a beta of 2.24.
Analyst Upgrades and Downgrades
Read Our Latest Report on LIND
Insider Activity
In related news, insider Trey Byus sold 10,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the insider directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 88,602 shares of company stock worth $1,966,009. Corporate insiders own 26.10% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of Lindblad Expeditions by 12.9% during the 4th quarter. Invesco Ltd. now owns 36,911 shares of the company’s stock worth $532,000 after purchasing an additional 4,210 shares during the last quarter. nVerses Capital LLC purchased a new stake in Lindblad Expeditions in the fourth quarter worth $156,000. Numerai GP LLC lifted its position in shares of Lindblad Expeditions by 93.6% during the 4th quarter. Numerai GP LLC now owns 37,392 shares of the company’s stock valued at $539,000 after buying an additional 18,081 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Lindblad Expeditions during the 4th quarter worth $215,000. Finally, Lazard Asset Management LLC purchased a new stake in Lindblad Expeditions in the 4th quarter worth about $1,828,000. Institutional investors own 75.94% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.
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.
Featured Articles
- Five stocks we like better than Lindblad Expeditions
- 3 Stocks That Prove the AI Trade Isn’t Over, It Moved
- The FTC Is Suing Hims & Hers Health—Here’s Why Investors Shouldn’t Panic
- 3 Stocks Taking Very Different Routes Through the Summer Rally
- Is ADM’s Rally Getting Ahead of Its Policy Tailwind?
Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.
