Norwegian Cruise Line (NCLH) Tops Q4 EPS by 3c, Revenues Beat; Provides 2020 Guidance Excluding COVID-19 Coronavirus Impact

Norwegian Cruise Line (NYSE: NCLH) reported Q4 EPS of $0.73, $0.03 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.43 billion.

• Strong Demand for Company’s Global Brands Drives Record Revenue and Earnings Per Share for Full Year 2019
• Records Sixth Consecutive Year of Record Revenue and Earnings Per Share
• Company Entered 2020 In Record Booked Position and at Higher Prices
• Regent Seven Seas Splendor Joins Fleet
• Announces Cancellation of Asia Voyages Across its Three Brands Through Third Quarter 2020
• Provides 2020 Guidance Excluding COVID-19 Coronavirus Impact

“I am pleased to announce that Norwegian Cruise Line Holdings’ business model once again demonstrated its resilience in the face of significant exogenous headwinds by delivering yet another successful year in 2019, which included the sixth consecutive year of record revenue and earnings per share and seventh consecutive year of Net Yield growth,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “As a result of the strong global demand for cruises witnessed throughout 2019, we entered 2020 in the best booked position and at prices higher than last year’s record levels. This trend continued through late January until the COVID-19 outbreak began having an adverse impact on our business. We have taken several proactive measures to protect the health and safety of our guests and crew throughout our fleet, including implementing strict protocols regarding passenger embarkation, and in an abundance of caution have cancelled or modified several voyages in the Asia region through the third quarter of this year. While the effect of these impacts cannot be fully quantified at this time, our Company has an exemplary track record of demonstrating its resilience in challenging environments and we remain confident in our ability to deliver strong financial performance over the long-term.”

2020 Outlook

“2020 was set to be a banner year buoyed by the introduction of our two newest vessels, Norwegian Encore and Regent’s Seven Seas Splendor, which are already making significant contributions to our bottom line,” said Mark A. Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. “We have an exciting growth profile with nine ships on order over the next seven years which will further amplify our ability to generate cash through revenue and earnings growth. We are confident in the strength of the core fundamentals that drive our business and remain committed to expanding Adjusted ROIC, growing earnings, maintaining a strong balance sheet and returning capital to shareholders over the long-term.”

For earnings history and earnings-related data on Norwegian Cruise Line (NCLH) click here.

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