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Norwegian Cruise Line (NCLH) Tops Q3 EPS by 6c, Revenues Beat

November 8, 2018 7:07 AM

Norwegian Cruise Line (NYSE: NCLH) reported Q3 EPS of $2.27, $0.06 better than the analyst estimate of $2.21. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.

“Our three brands fully benefited from strong demand for peak summer season sailings, with particular strength in premium-priced itineraries in Alaska and Europe, resulting in the highest quarterly revenue and earnings in our history,” said Mark A. Kempa, executive vice president and chief financial officer. “As 2018 winds down, our earnings outlook improves as we increase our full year Adjusted EPS above the high-end of our previous guidance range.”

Company Outlook

“The robust booking environment for cruise vacations is alive and well as evidenced by our stellar booked position for 2019, which continues to exceed this year’s record levels, with booking momentum accelerating for sailings throughout 2019 and extending into 2020,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “We are well-positioned to achieve the three-year double-digit Adjusted EPS CAGR, net leverage and Adjusted ROIC targets provided at our 2018 Investor Day, while at the same time returning meaningful capital to shareholders, despite rising fuel prices and fluctuations in foreign exchange rates.”

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

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