Q3 adjusted EPS $3.85 beats guidance; full-year outlook raised to $6.58-$6.63

ROYAL CARIBBEAN CRUISES LTD

2023-Q3 EPS reported $5.24 revenue$10,568,581,000

Q3 adjusted EPS $3.85 vs guidance; revenue $4.2B, net income $1.0B, load factor 110%.
Full year 2023 adjusted EPS guidance raised to $6.58-$6.63, driven by strong demand and onboard revenue.
Net yields up 16.9% vs Q3 2019; bookings for 2024 at record levels with higher load factors and rates.
Repaid $775M debt in Q3 including $500M 11.5% notes; refinanced revolver to $3.5B; liquidity $3.3B.
Credit upgrades: S&P to BB- stable, Moody's to B1 positive; customer deposits $5.0B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ROYAL CARIBBEAN CRUISES LTD reported third quarter results: revenue $4.2 billion, net income $1.0 billion, EPS $3.65 per share. Guidance raised.

Period: third quarter
Revenue: $4.2 billion
Net income: $1.0 billion
EPS: $3.65 per share
Guidance: raised
Result: reported results

Exact text from the filing

Net Cruise Costs ("NCC"), excluding Fuel, per APCD increased 10.3% in Constant-Currency (10.1% As-Reported), both compared to the third quarter of 2019. 1 • Total revenues were $4.2 billion, Net Income was $1.0 billion or $3.65 per share, Adjusted Net Income was $1.1 billion or $3.85 per share, Adjusted EBITDA was $1.7 billion. Full Year 2023 Outlook: • Net Yields

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Source: SEC EDGAR

accession 0000884887-23-000054

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