earnings
confidence high
sentiment positive
materiality 0.75
NCLH posts record FY2024 revenue $9.5B, adj EBITDA $2.45B; guides 2025 adj EPS ~$2.05
Norwegian Cruise Line Holdings Ltd.
2024-FY EPS reported
$1.89
revenue$9,479,651,000
- Full-year 2024 total revenue $9.5B, up ~11% YoY; GAAP net income $910.3M (EPS $1.89) vs $166M in 2023.
- Adjusted EBITDA record $2.45B, +32% YoY; Adjusted EPS $1.82; net leverage reduced to 5.3x from 7.3x.
- 2025 guidance: Adj EBITDA ~$2.72B (+11% YoY), Adj Net Income ~$1.07B, Adj EPS ~$2.05, including FX and fuel headwinds.
- Announced newbuild program of 8 vessels (~25,000 berths) and pier construction at Great Stirrup Cay under Charting the Course strategy.
- Adjusted ROIC improved 320bps to 10.9%; Adjusted Net Cruise Cost ex Fuel per Capacity Day up ~3.9% as reported.