Lindblad Expeditions Reports Record Q3 Profit and Raises Full-Year Guidance
Lindblad Expeditions (LIND) reported strong third-quarter financial results, highlighted by a record net income of $24.2 million available to stockholders. The company saw revenue grow 12% year-over-year to $269.2 million, driven by high demand that pushed occupancy rates to 91%. GAAP earnings per share for the quarter stood at $0.36. Following these robust results, management has raised its full-year guidance for both tour revenue and adjusted EBITDA. The company now expects FY2024 tour revenue to reach between $870 million and $885 million, up from previous estimates, signaling continued strength in the expedition travel sector.
Tickers: $LIND
Topics: earnings report EBITDA guidance guidance raise revenue growth
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