Lindblad Expeditions Holdings (LIND) Tops Q1 EPS by 20c, Beats on Revenues; Offers FY18 Revenue Outlook

Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q1 EPS of $0.24, $0.20 better than the analyst estimate of $0.04. Revenue for the quarter came in at $82.4 million versus the consensus estimate of $77.53 million.

First Quarter 2018 Highlights:

• Tour Revenues increased 31% to $82.4 million
• Net income available to common stockholders increased $10.2 million to $10.8 million
• Adjusted EBITDA increased $11.9 million to $22.2 million
• Lindblad segment Net Yield increased 12% to $1,127 and Occupancy increased to 91%
• Bookings in the first quarter of 2018 for future travel increased 20%
• Repurchased $0.9 million of stock and warrants

FINANCIAL OUTLOOK

The Company\'s current expectations for the full year 2018 are as follows:

• Tour revenues of $308 - $315 million (16 – 18% growth)
• Adjusted EBITDA of $54 - $57 million (24 – 31% growth)

GUIDANCE:

Lindblad Expeditions Holdings sees FY2018 revenue of $308-315 million.

For earnings history and earnings-related data on Lindblad Expeditions Holdings (LIND) click here.

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