Lindblad Expeditions Holdings (DE:LI4)
NASDAQ:LI4
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.15Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive outcome: the company delivered record occupancy and net yields, double‑digit revenue and EBITDA growth, improved cash flow and leverage, strong booking momentum and meaningful commercial wins (Disney, Club 33, outbound sales). These positives are tempered by operational headwinds — weather‑related and geopolitical cancellations, higher operating and marketing costs (including a royalty step-up), increased absolute fuel spend, and a one‑time benefit in Land EBITDA. Management is proactively investing in demand generation and cost‑innovation initiatives and is reaffirming full‑year guidance, suggesting confidence in the business outlook.Company Guidance
Record Occupancy and Capacity Growth
First quarter occupancy reached a record 93% (up 4 percentage points from 89%), achieved on roughly a 6% increase in capacity (available guest nights up ~6.4%).
Strong Revenue and Segment Growth
Total company revenues were $208 million, up $28.3 million or ~15.7% year-over-year. Lindblad segment revenues were $152.5 million (up ~16%), and Land Experiences revenues were $55.5 million (up ~14%).
Record Net Yield
Net yield per available guest night increased ~7% (7.2% reported) to a record $1,631, the highest quarterly net yield in company history.
Profitability and EBITDA Expansion
Adjusted EBITDA was $34.8 million, an increase of $4.8 million or ~16.2% year-over-year. First quarter net income available to stockholders was $6 million (vs. a slight loss a year ago).
Strong Cash Flow and Balance Sheet Improvements
Free cash flow increased 21.7% to $42.6 million. Total cash ended the quarter at $321 million (up $31.3 million vs. end of 2025). Net leverage declined from 3.1x to 2.7x and Moody's upgraded the company's rating.
Robust Booking Momentum and Commercial Traction
Delivered a historically strong wave season, maintained booking pace for 2026 and accelerated bookings for 2027. Bookings from Disney Earmarked travel agents increased 67% year-over-year; outbound sales increased 64%; onboard sales program shows >25% of guests booking next voyage before disembarkation.
Operational and Cost-Innovation Initiatives
Launched a programmatic fuel consumption initiative, enhanced maintenance (propeller polishing, hull cleaning), renegotiated supply contracts, outsourced select warehouse functions, and optimized crew travel; these are expected to deliver long-term structural cost benefits.
Sustainability & Brand Recognition
Progress on food waste reduction (guest dinner sign-up reduced prep waste by up to 75%), installation of food dehydrators, published the 2025 Traveler Impact Report, and named by TIME as one of the 10 Most Influential Travel and Tourism Companies of 2026.
Guidance Reaffirmed
Company reaffirmed full-year outlook: available guest nights +4.5%–5%; net yield +4%–5%; total revenue $800M–$850M; adjusted EBITDA $130M–$140M.
DE:LI4 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:LI4 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | €15.60 | €15.10 | -3.21% |
Feb 26, 2026 | €17.20 | €17.30 | +0.58% |
Nov 04, 2025 | €10.20 | €10.30 | +0.98% |
Aug 04, 2025 | €10.20 | €10.00 | -1.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lindblad Expeditions Holdings (DE:LI4) report earnings?
Lindblad Expeditions Holdings (DE:LI4) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Lindblad Expeditions Holdings (DE:LI4) earnings time?
Lindblad Expeditions Holdings (DE:LI4) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Lindblad Expeditions Holdings stock?
The P/E ratio of Lindblad Expeditions Holdings is N/A.
What is DE:LI4 EPS forecast?
DE:LI4 EPS forecast for the fiscal quarter 2026 (Q2) is -0.1.