Lindblad Expeditions Holdings (LIND) Misses Q1 EPS by 11c

Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q1 EPS of ($0.66), $0.11 worse than the analyst estimate of ($0.55).

Sven-Olof Lindblad, President and Chief Executive Officer, said "We are extremely excited to be on the verge of returning to operations. When our ships resume sailing in Alaska and the Galapagos this June, we will once again be doing what we do best, delivering high quality and immersive experiences to the world's most remarkable destinations. The comprehensive plan we put in place just over a year ago to maintain a strong liquidity profile will enable us to return to operations as a nimble and vibrant company and capitalize on the substantial demand for authentic adventure travel. With the vast majority of loyal guests from rescheduled voyages already rebooked for future travel and with the current booking strength we are experiencing, Lindblad is well positioned to build on the growth we were delivering prior to the pandemic. Additionally, we have expanded our growth opportunity with the recent acquisitions of Off the Beaten Path and DuVine. We just added these leading travel providers to our portfolio, but we are already seeing some of the cross-selling benefits of an expanded and diverse product portfolio. These land-based businesses, along with Natural Habitat, are already operating in various destinations, taking guests who are ready to once again experience what the world has to offer. As we begin to return to the places we have visited over the last forty years, I couldn't be prouder of what we have accomplished these past twelve months, and I look forward to the opportunities ahead for our guests, for our employees and for our shareholders."

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

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