earnings
confidence high
sentiment positive
materiality 0.80
Norwegian Cruise Line Q1 revenue $2.2B (+20% YoY), EPS $0.16 adjusted, beats guidance; raises FY guidance
NCL CORP Ltd.
- Revenue $2.2B (+20% YoY); GAAP net income $17.4M ($0.04 EPS); Adjusted EPS $0.16 vs guidance $0.12.
- Adjusted EBITDA $464M, above $450M guidance; net leverage improved to 6.3x from 7.3x at Dec 2023.
- Occupancy 104.6%; Net Yield +16.4% YoY; Adjusted NCCC ex-fuel flat YoY excluding dry-dock impact.
- Announced 8 new ships (~25k berths) across three brands and a multi-ship pier at Great Stirrup Cay.
- S&P upgraded issuer credit rating to B+; raised senior secured and unsecured debt ratings.