Lindblad Expeditions Holdings, Inc. Reports 2019 Second Quarter Financial Results
• Tour revenues increased 10% to $76.7 million
• Net income available to common stockholders increased $0.9 million to $1.0 million
• Adjusted EBITDA increased 9% to $12.5 million
• Lindblad segment Net Yield increased 3% to $1,030 and Occupancy was 89%
• Commenced exchange offer for all outstanding warrants, expect to complete full redemption on August 1, 2019
Sven-Olof Lindblad, President and Chief Executive Officer, said "Lindblad's strong second quarter operating results further demonstrates the opportunity we have to deliver sustained growth as we expand our capacity while maintaining high occupancy levels and net yields. The additions of the NATIONAL GEOGRAPHIC QUEST and the NATIONAL GEOGRAPHIC VENTURE to our fleet over the past two years has substantially increased our available berths and the growing demand for authentic expedition travel, along with a diverse base of loyal guests, has enabled us to fill this new inventory at healthy price points. We are still in the early days of our expansion plans and with strong demand across our growing fleet, including robust early bookings for our two new polar vessels scheduled for delivery in 2020 and 2021, we are poised to build on our sustained momentum in the years ahead."
Full report here https://www.prnewswire.com/news-releases/lindblad-expeditions-holdings-inc-reports-2019-second-quarter-financial-results-300894587.html
Aug 06 2019
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