earnings
confidence high
sentiment positive
materiality 0.75
NCLH reports record Q3 revenue $2.8B, beats guidance; raises FY 2024 guidance for fourth time
Norwegian Cruise Line Holdings Ltd.
2024-Q3 EPS reported
$1.37
revenue$7,370,285,000
- Q3 total revenue $2.8B (+11% YoY); GAAP net income $474.9M (+37%); EPS $0.95 (+34%).
- Adjusted EBITDA record $931M (+24% YoY), above guidance of ~$870M; Adjusted EPS $0.99, above $0.92 guidance.
- Net Yield grew ~8.7% as reported (260 bps above guidance); gross margin per Capacity Day up 19% as reported.
- Total debt $13.4B; Net Leverage 5.58x, down ~1.75x from Dec 31, 2023.
- Issued $315M 6.250% senior notes due 2030; used proceeds plus cash to redeem $315M 3.625% notes due 2024.