secwatch.observer — SEC 8-K summary
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Issuer:     Norwegian Cruise Line Holdings Ltd. (NCLH)
CIK:        0001513761
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001171843-26-001220
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCLH reports FY2025 Adj. EPS $2.11, guides FY2026 Adj. EPS $2.38; new CEO Chidsey
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- FY2025 revenue $9.8B (+3.7%), GAAP net income $423.2M ($0.92 EPS), Adj. EBITDA $2.73B (+11% YoY).
- Q4 2025 Adj. EBITDA $564M (+20%), Adj. EPS $0.28, beating guidance of $0.27.
- FY2026 guidance: Adj. EPS $2.38, Net Yield flat (CC), Adj. EBITDA ~$2.95B, Net Leverage ~5.2x.
- John Chidsey, former board member, appointed President & CEO in February 2026.
- Ordered three new ships (one per brand) for delivery 2036/2037; booking environment pressured near-term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1513761/000117184326001220/0001171843-26-001220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1513761/000117184326001220/f8k_030226.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-001220

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