Lindblad Expeditions shared its strong third-quarter results, with revenue up 12.1% and record profits.

Nov 3, 2026, 10:00 AM ETResultsRead the original at Benzinga

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Lindblad's sales rose 12.1% to $269.2 million, and quarterly adjusted EBITDA and net income set records. Fuel costs remain a concern, but wider margins, strong bookings, and a higher full-year forecast support a stronger outlook.

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More travelers are booking earlier, and over 90% of available guest places were filled for a third straight quarter. Sales from onboard purchases and trip extensions grew 27% year to date. Those trends support sales beyond trip bookings. Fuel costs remain a concern, but the gross margin rose 1.3 percentage points to 49.5%. Lindblad also added White Desert and Echo Charlie, whose contribution to future growth is expected, not yet reported.

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