Lindblad Expeditions Holdings (LIND) Misses Q3 EPS by 4c, Revenues Miss; Provides FY18 Revenue Outlook

Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q3 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $87.2 million versus the consensus estimate of $90.23 million.

Sven-Olof Lindblad, President and Chief Executive Officer, said "Lindblad continues to generate strong operating momentum across our fleet with expanding capacity being met by the growing demand for high quality and authentic expedition travel. Bookings for future travel have been robust throughout 2018 and have accelerated over the past few months as we are generating strong demand for our existing inventory, as well as our three new builds. The National Geographic Quest just completed her first year of operations and we are excited to welcome guests on her sister ship, the National Geographic Venture, next month. At the same time, we are well underway on the construction of our state-of-the-art polar ice class vessel, the National Geographic Endurance, scheduled for delivery in 2020. While our financial results in the current quarter reflect the impact of the timing of drydocks versus a year ago, our revenues are up 18% year to date and we are generating real operating leverage with Adjusted EBITDA up 31%. Looking ahead, this strong growth is poised to continue as we further increase our fleet size and build upon the sustained booking strength we are generating today."

GUIDANCE:

Lindblad Expeditions Holdings sees FY2018 revenue of $308-315 million, versus the consensus of $313.07 million.

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

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