NCLH Q1 revenue $1.8B, net loss $159M; beats guidance, CEO retirement announced

Norwegian Cruise Line Holdings Ltd.

2023-Q1 EPS reported -$0.38 revenue$1,821,939,000

Q1 revenue $1.8B, GAAP net loss $159.3M ($0.38 EPS); Adjusted EPS $(0.30) beat guidance of $(0.45).
Adjusted EBITDA $234M vs guidance $195M; occupancy 101.5% vs 100% guidance; record advance ticket sales $3.4B.
Full year 2023 Adjusted EPS guidance raised to ~$0.75; Adjusted EBITDA range $1.8-$1.95B unchanged.
CEO Frank Del Rio retiring June 30, 2023; Harry Sommer to become CEO effective July 1, 2023.
Liquidity $1.9B; total debt $13.1B; new export-credit commitments ~€1.7B for newbuild modifications.

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 0.9

Norwegian Cruise Line Holdings Ltd. reported the first quarter ended March 31, 2023 results: revenue $1.8 billion, net income $(159.3) million, EPS $(0.38). Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $1.8 billion
Net income: $(159.3) million
EPS: $(0.38)
Guidance: raised
Result: reported results

Exact text from the filing

Norwegian Cruise Line Holdings Reports First Quarter 2023 Financial Results MIAMI, May 01, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company”) today reported financial results for the first quarter ended March 31, 2023 and provided guidance for the second quarter and full year 2023. First Quarter 2023 Highlights: Total revenue of $1.8 billion, GAAP net loss of $(159.3) million or EPS of $(0.38).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Norwegian Cruise Line Holdings Ltd. reported full year 2023 results: EPS approximately $0.75. Guidance raised.

Period: full year 2023
EPS: approximately $0.75
Guidance: raised
Result: guidance update

Exact text from the filing

Full year 2023 Adjusted EPS guidance improved to approximately $0.75 reflecting first quarter outperformance partially offset by higher anticipated fuel costs and foreign exchange for the remainder of 2023. Adjusted EBITDA is still expected to be in the range of $1.8 to $1.95 billion.

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Norwegian Cruise Line Holdings Ltd. filing history →

Source: SEC EDGAR

accession 0001171843-23-002707

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