earnings
confidence high
sentiment positive
materiality 0.80
NCLH Q1 revenue $2.2B (+20% YoY), adj. EPS $0.16 vs guidance $0.12, raises FY guidance
Norwegian Cruise Line Holdings Ltd.
2024-Q1 EPS reported
$0.04
revenue$2,191,215,000
- GAAP net income $17.4M ($0.04 EPS); adjusted EBITDA $464M above $450M guidance; adjusted EPS $0.16 vs $0.12 guidance.
- Revenue $2.2B, up 20% on 8% capacity growth; net yield up ~16.4% vs Q1 2023; occupancy 104.6%.
- Net leverage improved to 6.3x, down a full turn from Dec 31, 2023; total debt $13.7B.
- S&P upgraded NCLC issuer credit rating to B+, raised secured/unsecured debt ratings.
- Newbuild program: eight vessels (~25,000 berths) across three brands; multi-ship pier at Great Stirrup Cay.