Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q2 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $69.5 million versus the consensus estimate of $68.8 million.

Second Quarter 2018 Highlights:

• Tour revenues increased 25% to $69.5 million
• Net income available to common stockholders increased $2.7 million to $0.1 million
• Adjusted EBITDA increased 117% to $11.5 million
• Lindblad segment Net Yield increased 6% to $1,002 and Occupancy increased to 90%
• Board of Directors authorized building of an additional blue water vessel

Sven-Olof Lindblad, President and Chief Executive Officer, said "Lindblad delivered another quarter of strong financial results during the second quarter as the strategic investments we have made to expand capacity and develop our sales and marketing infrastructure continue to deliver significant returns. As we have added inventory, we have also been able to increase our occupancy and yields from increased demand across our existing loyal customer base and a growing population of new guests who are seeking high quality and immersive expedition experiences. Given the robust demand for authentic adventure travel, we announced last month that we will be building an additional new polar ice class vessel. This will be the fourth new build for Lindblad and allow us to add to our proven track record of delivering unparalleled expeditions to the world's most remarkable destinations."

GUIDANCE:

Lindblad Expeditions Holdings sees FY2018 revenue of $308-315 million, versus the consensus of $311.47 million.

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