OverviewSuggest Edit

Lindblad provides expedition cruising and adventure travel experiences using itineraries that feature up-close encounters with wildlife, nature, history, and culture, and promote guest empowerment and interactivity. The Company aims to offer life-changing adventures on all seven continents and pioneer innovative ways to allow its guests to connect with exotic and remote places. Lindblad's expedition ships, which consist of several owned vessels and seasonal charter vessels are customized, nimble and intimately-scaled vessels that are able to venture where larger cruise ships cannot, thus allowing it to offer up-close experiences in the planet’s wild and remote places and capitals of culture.

Many of these expeditions involve travel to remote places with limited infrastructure and ports (such as Antarctica and the Arctic) including places that are best accessed by a ship (such as the Galápagos, Alaska, Baja’s Sea of Cortez, Costa Rica, Cuba and Panama), and foster active engagement by guests. Each expedition ship is designed to be comfortable and inviting, while being fully equipped with state-of-the-art tools for in-depth exploration. In addition to its sea- based expeditions, the Company offers land-based, eco-conscious expeditions from Antarctica to Zambia primarily through its ownership of Natural Habitat, Inc.

TypePublic
Founded1958
HQNew York, US
Websiteexpeditions.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Dec 2018)593(+13%)
Job Openings21
Revenue (FY, 2018)$309.7 M(+17%)
Share Price (Nov 2019)$15.3 (+3%)

Key People/Management at Lindblad Expeditions Holdings

Sven-Olof Lindblad

Sven-Olof Lindblad

CEO
Craig Felenstein

Craig Felenstein

CFO
Trey Byus

Trey Byus

Chief Expedition Officer
Phil Auerbach

Phil Auerbach

Chief Commercial Officer
Tyler Skarda

Tyler Skarda

Sr. VP, Marine Operations
Jacinta Mc Evoy

Jacinta Mc Evoy

VP, Global Sales
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Lindblad Expeditions Holdings Office Locations

Lindblad Expeditions Holdings has an office in New York
New York, US (HQ)
96 Morton St 9th Floor
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Lindblad Expeditions Holdings Financials and Metrics

Lindblad Expeditions Holdings Revenue

Lindblad Expeditions Holdings's revenue was reported to be $309.73 m in FY, 2018
USD

Revenue (Q3, 2019)

101.0m

Gross profit (Q3, 2019)

52.7m

Gross profit margin (Q3, 2019), %

52.2%

Net income (Q3, 2019)

2.2m

EBIT (Q3, 2019)

15.7m

Market capitalization (20-Nov-2019)

760.9m

Closing stock price (20-Nov-2019)

15.3

Cash (30-Sep-2019)

104.1m

EV

880.1m
Lindblad Expeditions Holdings's current market capitalization is $760.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

198.5m210.0m242.3m266.5m309.7m

Revenue growth, %

6%15%

Cost of goods sold

95.4m119.0m135.5m153.7m

Gross profit

114.6m123.4m131.0m156.0m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

58.6m61.6m53.9m70.8m63.1m55.6m84.6m82.4m69.5m87.2m89.7m76.7m101.0m

Cost of goods sold

25.4m25.3m29.4m32.4m32.6m28.7m38.5m35.9m33.8m45.0m39.0m37.5m48.3m

Gross profit

33.1m36.3m24.5m38.3m30.5m26.9m46.1m46.5m35.7m42.3m50.6m39.1m52.7m

Gross profit Margin, %

57%59%45%54%48%48%55%56%51%48%56%51%52%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

312.3k28.6k206.9m135.4m96.4m113.4m

Accounts Receivable

Prepaid Expenses

53.9k62.1k12.3m21.4m21.3m

Inventories

1.7m1.7m1.8m1.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(721.0k)(1.0m)19.7m5.1m(7.5m)11.6m

Depreciation and Amortization

11.6m18.4m17.4m20.8m

Accounts Payable

193.0k68.5k7.2m2.0m(243.0k)2.1m

Cash From Operating Activities

(595.6k)(764.8k)40.3m31.4m52.9m56.4m
USDY, 2019

EV/EBIT

56.2 x

EV/CFO

21.2 x

Financial Leverage

4.1 x
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Lindblad Expeditions Holdings Operating Metrics

Lindblad Expeditions Holdings's Trips was reported to be 66 in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Customers Served

18.82 k4.99 k4.82 k5.82 k19.82 k5.28 k4.83 k5.63 k19.74 k4.60 k4.31 k

Occupancy Rate

92.9%92%91.9%90.5%91.8%91.8%92%90.8%90.3%86.8%85.2%

Trips

262 77 63 86 281 79 68 84 290 81 66

Vessel Fleet

10 10 10 10 10 11 11 11
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Lindblad Expeditions Holdings Revenue Breakdown

Embed Graph

Lindblad Expeditions Holdings revenue breakdown by business segment: 85.8% from Lindblad and 14.2% from Natural Habitat

Lindblad Expeditions Holdings Online and Social Media Presence

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Lindblad Expeditions Holdings News and Updates

Lindblad Expeditions Holdings, Inc. Reports 2019 Third Quarter Financial Results

NEW YORK, Oct. 30, 2019 /PRNewswire/ -- Third Quarter 2019 Highlights: Tour revenues increased 16% to $101.0 million Net loss available to common stockholders was $0.5 million, including a $2.7 million non-cash deemed dividend related to the warrant exchange Adjusted EBITDA increased 41%...

Lindblad Expeditions Holdings, Inc. Announces Closing Of Warrant Exchange Offer

NEW YORK, July 17, 2019 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the "Company" or "Lindblad") today announced the closing of its previously announced warrant Exchange Offer and Consent Solicitation relating to certain of its outstanding Warrants. The offering...

Lindblad Expeditions Holdings, Inc. Announces Effectiveness Of Registration Statement For Its Exchange Offer And Consent Solicitation Relating To Its Warrants

NEW YORK, July 9, 2019 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the "Company" or "Lindblad") announced today that the Registration Statement filed by the Company with the SEC registering common stock of the Company issuable as part of the Company's previously...

Lindblad Expeditions Holdings, Inc. To Report 2019 Second Quarter Financial Results On August 1, 2019

NEW YORK, June 27, 2019 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; "Lindblad"; the "Company"), a global provider of expedition cruises and adventure travel experiences, will report 2019 second quarter financial results on Thursday, August 1, 2019 before the market...

Lindblad Expeditions Holdings, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to its Warrants

NEW YORK, June 14, 2019 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the "Company" or "Lindblad") announced today that it has commenced an Exchange Offer and Consent Solicitation relating to its outstanding Warrants. The purpose of the Exchange Offer and Consent...

Lindblad Expeditions Holdings, Inc. Reports 2019 First Quarter Financial Results

NEW YORK, May 2, 2019 /PRNewswire/ -- First Quarter 2019 Highlights: Tour Revenues increased 9% to $89.7 million Net income available to common stockholders increased $3.9 million to $14.7 million Adjusted EBITDA decreased $0.1 million to $22.0 million Lindblad segment Net Yield of $1,099 ...
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Lindblad Expeditions Holdings Blogs

10 Photo Tips with National Geographic Photographer Ralph Lee Hopkins

The founder and director of our exclusive Expedition Photography program and a widely published National Geographic photographer, Ralph Lee Hopkins has circled the globe for nearly 30 years on Lindblad’s ships. Anyone who has had the pleasure of traveling with him knows what an inspiring and enthusi…

5 Reasons the Russian Arctic is a Must-See

Jen Martin is one of the few people at Lindblad Expeditions who has been nearly everywhere. But of all the regions we explore our Director of Expedition Development is especially passionate—and incredibly knowledgeable—about the Russian Far East. Drawing on her vast experience exploring the Bering S…

Wild Beauty in the Bering Sea

The Bering Sea is a wildlife lover’s—and wildlife photographer’s—dream. The islands and coasts that ring the sea on both the Russian and Alaska side are teeming with birdlife and fascinating land mammals like muskox, arctic fox, and polar bears; while the surrounding waters are churning with whales,…

Guest Spotlight: A Poignant Return to Attu in the Aleutian Islands

Attu is a site that’s steeped in history. The westernmost island in the Aleutians, it was the only U.S. soil seized by the Japanese during World War II—and the location of the only battle fought on American land. In the aftermath of that bloody war, the island remained a base for U.S. military and s…

Teachers in the Wild: Meet the 2019 Grosvenor Fellows

September means back to school! And for one group of educators it means heading back to the classroom with some unforgettable lessons. Our 2019 class of Grosvenor Teacher Fellows recently returned from expeditions around the globe aboard Lindblad-National Geographic ships. Four of this year’s 45 fel…

When Art Meets Ice: Zaria Forman on Curating Change

For the past 12 years, artist Zaria Forman has been documenting climate change with her revelatory pastel drawings of glistening icebergs, turbulent arctic waters, and crashing tropical waves. Her immense, photo-realistic images overflow with detail that draws you in and transports you to distant an…
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Lindblad Expeditions Holdings Frequently Asked Questions

  • When was Lindblad Expeditions Holdings founded?

    Lindblad Expeditions Holdings was founded in 1958.

  • Who are Lindblad Expeditions Holdings key executives?

    Lindblad Expeditions Holdings's key executives are Sven-Olof Lindblad, Craig Felenstein and Trey Byus.

  • How many employees does Lindblad Expeditions Holdings have?

    Lindblad Expeditions Holdings has 593 employees.

  • What is Lindblad Expeditions Holdings revenue?

    Latest Lindblad Expeditions Holdings annual revenue is $309.7 m.

  • What is Lindblad Expeditions Holdings revenue per employee?

    Latest Lindblad Expeditions Holdings revenue per employee is $522.3 k.

  • Who are Lindblad Expeditions Holdings competitors?

    Competitors of Lindblad Expeditions Holdings include Avoya Travel, The River Cruise Line and Norwegian Cruise Line.

  • Where is Lindblad Expeditions Holdings headquarters?

    Lindblad Expeditions Holdings headquarters is located at 96 Morton St 9th Floor, New York.

  • Where are Lindblad Expeditions Holdings offices?

    Lindblad Expeditions Holdings has an office in New York.

  • How many offices does Lindblad Expeditions Holdings have?

    Lindblad Expeditions Holdings has 1 office.