Steven Wieczynski's questions to Lindblad Expeditions Holdings Inc (LIND) leadership • Q2 2025
Question
Steven Wieczynski questioned the implied second-half 2025 EBITDA guidance, which appears lower than the prior year despite strong momentum, and asked what drove the mid-year guidance increase, a historically uncommon move for the company.
Answer
CFO Rick Goldberg and CEO Natalya Leahy explained that the second-half outlook reflects planned investments for future growth, particularly in international expansion, which are front-loaded. Goldberg added that the guidance was raised because strategic initiatives to boost occupancy and net yield are delivering results ahead of schedule.