Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) shares rise sharply Tuesday, as the company, a global provider of expedition cruises and adventure travel experiences, today reported financial results for the third quarter ended September 30, 2024.
The New York-based Lindblad reported total revenues increased 17% to $206.0 million. Net income available to stockholders increased $16.8 million
Adjusted EBITDA increased 35% to $45.8 million. Lindblad segment Available Guest Nights increased 6%. Net Yield per Available Guest Night increased 9% to $1,205 and Occupancy was 82%. Bookings to date for future travel increased 26% vs the same period in 2023
It also boasted a further expanded land-based portfolio with the closing of the acquisition of Wineland-Thompson Adventures.
Said CEO Sven Lindblad, “Lindblad delivered a record third quarter as we continue to generate strong operating results across both our fleet and expanded land experiences portfolio. Looking ahead, this strong growth is poised to continue as current year bookings for future travel have reached record levels. Our focus continues to be on providing high quality travel experiences and strategically expanding our travel platform to capture this demand. We believe we are well positioned to deliver meaningful shareholder value in the years to come.”
LIND shares began trading Tuesday up $1.36, or 14.6%, to $10.72.