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By The Numbers

Norwegian Cruise Line Posts Results

Norwegian Cruise Line Holdings Ltd. has reported financial results for the second quarter ended June 30, 2017, and provided guidance for the third quarter and full year 2017.

The company generated GAAP net income of $198.5 million or EPS of $0.87 compared to $145.2 million or $0.64 in the prior year. Adjusted Net Income was $232.7 million or Adjusted EPS of $1.02 compared to $192.6 million or $0.85 in the prior year.

Total revenue increased 13.3% to $1.3 billion. Gross Yield increased 7.4%.ß Adjusted Net Yield increased 8.1% on a Constant Currency basis.

And the company indicated that it expects to generate record earnings for full year 2017, surpassing the high end of its prior full year guidance. Adjusted EPS is now expected to be in the range of $3.93 to $4.03, up $0.14 from the previous guidance of $3.79 to $3.89.

2017 full year Adjusted Net Yield growth guidance on a Constant Currency basis increased 150 basis points to 4.25% from 2.75%.

Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd., said that: “Positive consumer sentiment in North American and key international markets has resulted in a robust booking environment that continues to be one of the strongest in recent history which, combined with our targeted strategic revenue initiatives drove second quarter revenue and yield growth well above expectations. All three of our brands benefitted from strength across each of their respective markets and contributed to our second quarter earnings beat.”

Sail on over to http://www.nclhltdinvestor.com for more.

Posted in Cruise, News, Trends & Research