Lindblad Expeditions Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 07:21 am EDT
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Lindblad Expeditions Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 175.99 million compared to USD 144.78 million a year ago. Net income was USD 5.64 million compared to net loss of USD 8.73 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to basic loss per share from continuing operations of USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to diluted loss per share from continuing operations of USD 0.18 a year ago.
For the nine months, sales was USD 444.18 million compared to USD 303.54 million a year ago. Net loss was USD 18.21 million compared to USD 79.2 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 1.6 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 1.6 a year ago.
Lindblad Expeditions Holdings, Inc. is an expedition travel company. It is focused on ship-based voyages through its Lindblad Expeditions brand and land-based travel through its subsidiaries, Natural Habitat, Inc. (Natural Habitat), Off the Beaten Path LLC (Off the Beaten Path), DuVine Cycling + Adventure Co. (DuVine) and Classic Journeys, LLC (Classic Journeys). Its segments include Lindblad and Land Experiences. The Lindblad segment includes ship-based expeditions aboard customized, nimble and intimately scaled vessels that are designed for discovery, enabling it to venture where larger cruise ships cannot, thereby allowing Lindblad to offer up-close experiences in the planetâs wild and remote places and capitals of culture. The Land Experiences segment includes land-based adventure brands, providing tours, trips and journeys centered around nature and culture. The Land Experiences includes four land-based brands: Natural Habitat, DuVine, Off the Beaten Path and Classic Journeys.