---
schema_version: "secwatch.filing_event.v1"
accession: "0000884887-24-000106"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:57:51.345608+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.88
calibrated_materiality_score: 0.88
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean Q1 adjusted EPS $1.77 beats guidance; raises FY 2024 guidance to $10.70-$10.90

## Summary
- Revenue $3.7B; net income $360M; GAAP EPS $1.35, adjusted EPS $1.77 vs. guided $1.55-1.65.
- Net yields up 19.3% constant currency; load factor 107%; customer deposits $6.0B, record booked position.
- Full-year adjusted EPS raised to $10.70-$10.90, implying ~60% YoY growth; achieves Trifecta goals one year early.
- Refinanced $1.25B 11.625% notes due 2027 with $1.25B 6.25% notes due 2032; liquidity $3.7B.
- S&P upgraded to BB+ (stable) and Moody's to Ba2 (positive) on improved credit profile.

## SEC filing metadata
- accession: 0000884887-24-000106
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.88
- calibrated_materiality_score: 0.88
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000088488724000106/0000884887-24-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000088488724000106/rcl-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884887-24-000106
- JSON: https://secwatch.observer/filing/0000884887-24-000106.json
- Plain text: https://secwatch.observer/filing/0000884887-24-000106.txt

## Key facts
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported Full Year 2024 results: EPS $10.70 - $10.90. Guidance raised.
  - Period: Full Year 2024
  - EPS: $10.70 - $10.90
  - Guidance: raised
  - Result: guidance update
  source text: the company is increasing 2024 adjusted EPS guidance to $10.70 - $10.90 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488724000106/0000884887-24-000106-index.htm
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported the quarter ended March 31, 2024 results: revenue $3.7 billion, net income $360 million or $1.35 per share, EPS $1.35.
  - Period: the quarter ended March 31, 2024
  - Revenue: $3.7 billion
  - Net income: $360 million or $1.35 per share
  - EPS: $1.35
  - Result: reported results
  source text: ("NCC"), excluding Fuel, per APCD increased 4.1% in Constant-Currency (4.2% as-reported), which benefited from 325 bps of favorable timing of expenses. • Total revenues were $3.7 billion, Net Income was $360 million or $1.35 per share, Adjusted Net Income was $478 million or $1.77 per share, Adjusted EBITDA was $1.2 billion, and Operating cash flow was $1.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488724000106/0000884887-24-000106-index.htm
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported Second Quarter 2024 results: EPS $2.65 to $2.75. Guidance initiated.
  - Period: Second Quarter 2024
  - EPS: $2.65 to $2.75
  - Guidance: initiated
  - Result: guidance update
  source text: the company expects second quarter Adjusted EPS to be in the range of $2.65 to $2.75.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488724000106/0000884887-24-000106-index.htm
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported first quarter of 2024 results: revenue $3.7 billion, net income $360 million or $1.35 per share, EPS $1.35 per share. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Revenue: $3.7 billion
  - Net income: $360 million or $1.35 per share
  - EPS: $1.35 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: ("NCC"), excluding Fuel, per APCD increased 4.1% in Constant-Currency (4.2% as-reported), which benefited from 325 bps of favorable timing of expenses. • Total revenues were $3.7 billion, Net Income was $360 million or $1.35 per share, Adjusted Net Income was $478 million or $1.77 per share, Adjusted EBITDA was $1.2 billion, and Operating cash flow was $1.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488724000106/0000884887-24-000106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.