Voyages dive deep into Europe's cultural and culinary heritage exploring iconic cities, holiday islands and lesser-known ports MIAMI, Aug. 7, 2024 /PRNewswire/ -- Oceania Cruises®, the world's leading culinary- and destinationfocused cruise line, is spotlighting an array of new 2025 Europe sailings, ranging from six to 34 days, to whisk guests to the most breathtaking destinations across the continent. The ultra-premium line's elegant boutique ships will set sail on a series of voyages taking in idyllic isl ...

Financial Data and Key Metrics Changes - Adjusted EBITDA grew by 14% year-over-year, reaching approximately $588 million, surpassing guidance of $555 million [6][17] - Adjusted EPS increased by 33% compared to the same quarter last year, reaching $0.40, exceeding guidance of $0.32 [18] - Full-year adjusted operational EBITDA margin is expected to be 34.5%, a 400 basis point improvement over 2023 [6][26] - Full-year adjusted EPS guidance raised to $1.53, representing a 120% increase over 2023 [6][19] Business Line Data and Key Metrics Changes - Strong demand for European, Caribbean, and Alaskan sailings contributed to a net yield increase of 6.3%, exceeding guidance of 4.3% [16][18] - Pre-booked onboard revenue for capacity day grew by 15%, indicating higher overall spend throughout a guest's cruise journey [10] - Advance ticket sales reached a new all-time high of $3.9 billion, an 11% increase year-over-year [12][13] Market Data and Key Metrics Changes - The company continues to experience strong consumer demand, with bookings at the upper end of the optimal range [10] - The cancellation of Middle East itineraries had a short resale cycle but did not significantly impact overall strong results [11][16] - The company anticipates strong pricing growth across all four quarters in 2024 [12] Company Strategy and Development Direction - The company emphasizes a balanced approach between return on experience (ROX) and return on investment (ROI) as part of its strategic framework [4] - The "Charting the Course" strategy includes ambitious financial and sustainability targets for 2026 [4][28] - The company is focused on measured capacity growth and optimizing its fleet to drive strong financial returns [7][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term goals, citing robust demand and effective cost control measures [6][28] - The company is committed to further deleveraging, targeting a mid-four times net leverage by 2026 [6][27] - Management highlighted the importance of maintaining high standards of operational excellence and creating lasting value through sustainable practices [14][15] Other Important Information - The company celebrated the float-out of new ships, including Norwegian Aqua and Oceania's Allura, which are expected to enhance offerings and capacity [8][9] - The company is on track to equip 70% of its fleet with shore power technology by 2025, achieving sustainability goals ahead of schedule [13][14] Q&A Session Summary Question: Booking trends for 2025 and optimal book position - Management noted strong strength across all itineraries, particularly in Alaska and Europe, with an optimal book position slightly ahead of 2019 levels due to improved analytics [31][32] Question: Cost performance and incremental savings - Management confirmed confidence in achieving cost reduction goals, with variable compensation impacting the second half of the year but overall costs remaining favorable [37] Question: Impact of new hardware and geographic changes on yield - Management reiterated a goal of low to mid-single-digit yield growth for 2025, with new ships expected to have a neutral impact on yield [59] Question: Onboard spend trends - Management reported no decrease in onboard spend, with pre-selling of onboard services up significantly compared to prior periods [56] Question: Fourth quarter guidance and Middle East impact - Management indicated that the Middle East cancellations would disproportionately affect the fourth quarter, but overall demand remains strong [52][54]

Norwegian Cruise Line, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $2.37 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.08%. This compares to year-ago revenues of $2.21 billion. The company has topped consensus revenue estimates just once over the last four quarters. While Norwegian Cruise Line has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? It will be ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|--------------------------------------------|---------|-------------------|-------|------------------------------------------|-----------|-----------------| | Net income (loss) | $ | Three Months Ended June \n2024 \n163,436 | 30, \n$ | \n2023 \n86,116 | $ | Six Months Ended June \n2024 \n180,789 | 30, \n $ | 2023 \n(73,205) | | Other comprehensive income (loss): | | | | | | | | | | Shipboard Ret ...

Norwegian Cruise Line Holdings Ltd. (NCLH) is slated to report second-quarter 2024 results on Jul 31, before the opening bell. In the last quarter, the company's earnings topped the Zacks Consensus Estimate by 33.3%, while revenues missed the same by 2%. NCLH's earnings beat the consensus mark in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 4%. Trend in Estimate Revision The Zacks Consensus Estimate for adjusted earnings per share (EPS) has been unchan ...

In its upcoming report, Norwegian Cruise Line (NCLH) is predicted by Wall Street analysts to post quarterly earnings of $0.34 per share, reflecting an increase of 13.3% compared to the same period last year. Revenues are forecasted to be $2.37 billion, representing a year-over-year increase of 7.4%. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behavior ...

The latest trading session saw Norwegian Cruise Line (NCLH) ending at $18.47, denoting a +0.6% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.11%. Elsewhere, the Dow gained 1.64%, while the tech-heavy Nasdaq added 1.03%. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.43 per share and revenue of $9.35 billion, which would represent changes of +104.29% and +9.35%, respectively, from the prior year. In the context of valua ...

Explore the Caribbean, South America, East Asia, Africa, or Australia in Festive, World-Class Comfort MIAMI, July 25, 2024 /PRNewswire/ -- Oceania Cruises®, the world's leading culinary- and destinationfocused cruise line, is spotlighting its festive holiday voyages for the 2024-2025 and 2025-2026 seasons offering stress-free celebrations, fascinating ports, and exquisite feasts. The diverse selection of more than 40 voyages invites travelers to explore in whichever corner of the world best inspires their h ...

The decision of whether to follow GSA Capital's lead may lie in the manager's investing approach. To this end, the company has attracted increased interest from institutional investors, with GSA Capital Partners increasing its stake in the stock. However, does that mean that the average investor should follow its lead? GSA added 1,889 shares of Norwegian in the first quarter of 2024, taking the total to 21,922 shares. Nonetheless, investors should understand that this is not a new position for the investmen ...

Unique Itineraries, Small-Group Shore Excursions, and Remote Ports Allow Guests to Dive into Local Life MIAMI, July 19, 2024 /PRNewswire/ -- Oceania Cruises®, the world's leading culinary- and destinationfocused cruise line, is offering an extensive collection of voyages across East Asia in the first half of 2025 that boast destination-rich adventures for even the most seasoned world travelers. Within the new collection of sailings, Oceania Cruises invites guests to explore the wildly diverse landscapes of ...