Norwegian Cruise Line Holdings Ltd NCLH

Table Of Content

• World-renowned Cruise Brands
• Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025
• Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019
• About NCLH
• Latest Financial Results
• A Leading Global Cruise Company

From Broadway hits like Kinky Boots, Jersey Boys and Rock of Ages, to the breathtaking acrobatics of Cirque Dreams and the Latin rhythms of Burn the Floor, it’s never-ending excitement on board. Our fleet has a wide variety of venues where guests can enjoy live music, stop by for a hilarious comedy show or watch a live performance of their favorite shows, like Deal or No Deal. The first purpose-built Freestyle Cruising® ship was built in 2001 and due to the company’s unique capability to deliver this product offering and its tremendous success, all newbuilds since have been purpose-built for Freestyle Cruising®.

World-renowned Cruise Brands

The Company then began launching its fleet of sleek, white ships making regular calls to exotic island ports. To protect our guests, crew and communities we visit, we’ve enhanced our commitment to health and safety with our SailSAFE health and safety program, developed with guidance from leading public health and scientific experts. Our robust and comprehensive health and safety strategy has new and enhanced protocols to create multiple layers of protection against COVID-19.

Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025

“Norwegian Cruise Line Holding experienced a momentous year of growth and achievement in 2023. We successfully took delivery of three new ships, one for each of our brands, representing the most deliveries in a single year in our Company’s 57-year history. This important milestone showcases our dedication to innovation and commitment to providing exceptional vacation experiences for our guests,” remarked Harry Sommer, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. Norwegian Cruise Line Holdings Ltd. operates a fleet of passenger cruise ships. The Company offers an array of cruise itineraries and theme cruises, as well as markets its services through various distribution channels including retail and travel agents, international and incentive sales, and consumer direct. We are a leading global cruise company with a portfolio of three award-winning brands and a vision to be the vacation of choice for everyone around the world.

Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019

Add a wide range of superb dining options and spectacular entertainment and you’ll experience your best vacation ever. The Regent Experience has long been absolute in its inclusiveness, providing the most enriching and luxurious journey on the seven seas. With Regent, guests discover a truly unrivaled experience as they travel the world in search of the best life has to offer, with every luxury included. NCLH, -1.48% jumped 6.6% in premarket trading Tuesday, after the cruise operator reported a wider-than-expected fourth-quarter loss, but expects a surpris... Norwegian Cruise Line (NCLH) posted its fourth-quarter results revealing a quarterly loss of $0.18 per share.

Norwegian Cruise's stock jumps after guidance for a surprise profit for the current quarter

In the coming years, Norwegian’s commitment to innovation will continue to raise the bar for the cruise industry. Sail & Sustain, is centered around our commitment to drive a positive impact on society and the environment while delivering on our vision to be the vacation of choice for everyone around the world. At Norwegian Cruise Line Holdings, we combine world-class hospitality with innovation to provide memorable vacations for travel enthusiasts around the world.

Is Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) A High Quality Stock To Own? - Yahoo Finance

Is Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) A High Quality Stock To Own?.

Posted: Thu, 11 Apr 2024 07:00:00 GMT [source]

However the stock is trading higher thanks to upbeat first-quarter guidance and a full-yea... This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. The sum of total cruise operating expense and marketing, general and administrative expense. Berths available for sale multiplied by the number of cruise days for the period for ships in service. Non-newbuild capital expenditures for the fourth quarter of 2023 were $102 million.

It also allows us to significantly leverage our operating scale, strengthen our commitment to innovation and enhance our ability to offer our guests new products and experiences, all while providing opportunities to enhance the efficiency of our fleet. We are likewise excited with the addition of a new pier at Great Stirrup Cay to support our increased capacity in the Caribbean and multiple ships to call on the island, enhancing our guest experience and bringing seamless and reliable access to our private island year-round. With this acquisition, Norwegian Cruise Line Holdings Ltd. operates a portfolio of brands that span all market segments in the cruise industry, from contemporary to upper-premium to luxury.

Latest Financial Results

We are deeply committed to driving a positive impact on society and the environment while delivering on our vision to be the vacation of choice for everyone around the world through our global sustainability program, Sail & Sustain. Our decades of experience as a cruising operator have allowed us to fine-tune our many competitive advantages to position us as a strong leader in our industry. Provide exceptional vacation experiences, delivered by passionate team members committed to world-class hospitality and innovation. Oceania Cruises is the world’s leading culinary- and destination-focused cruise line. Enrich your cruise vacation with up to 6 Free Offers with Norwegian's Free At Sea promotion. Choose from Free Unlimited Open Bar, Free Specialty Dining, Free Airfare for 2nd Guest, Free Shore Excursions, Free WiFi and Free 3rd & 4th Guests.

A Leading Global Cruise Company

Regent Seven Seas Cruises offers an unrivaled experience to luxury travelers with all luxuries included. Set sail on an epic 59-day Grand Voyage from Barcelona to Singapore Download images of Riviera here MIAMI , Jan. 4, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination... Enjoy up to 50% Off on Select Sailings in 2024 and 2025 MIAMI , Jan. 9, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, is ringing in the new ... MIAMI , Feb. 15, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that the premiere issue of their brand new Your World magazine ... For the full year 2024, the company expects an adjusted profit of about $635 million, or $1.23 per share.

Get the latest cruise deals and vacation specials sent straight to your inbox. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. Cruise stocks rallied in intraday trading Tuesday after a strong earnings report and forecast from Norwegian Cruise Line Holdings (NCLH). Plan includes next generation vessels for Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises to be built by Fincantieri, along with infrastructure enhancements for Great Stirrup Cay...

Each brand offers differentiated experiences in their respective segments. The Norwegian Cruise Line brand provides the freedom and flexibility of a resort-style vacation on board some of the most innovative ships in the industry with its unique Freestyle Cruising proposition. In order to monitor results excluding these fluctuations, we calculate certain non-GAAP measures on a Constant Currency basis, whereby current period revenue and expenses denominated in foreign currencies are converted to U.S. dollars using currency exchange rates of the comparable period. We believe that presenting these non-GAAP measures on both a reported and Constant Currency basis is useful in providing a more comprehensive view of trends in our business. The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036. Following the delivery of four Prima-Plus class ships from 2025 through 2028, Norwegian Cruise Line is expected to take delivery of four approximately 200,000-gross-ton ships, each with a capacity of nearly 5,000 guests, in 2030, 2032, 2034 and 2036, which are subject to financing[1].

Whether guests are looking for unparalleled freedom, immersive sensory experiences, or all-inclusive luxury, they’ll find what they love aboard our fleet. Experience a once-in-a-lifetime moment you will never forget while witnessing the icy-blue glaciers and unique wildlife of Alaska. Walk through Greece's enchanting, sun-bleached streets, or find your own paradise in a secret beach in The Caribbean.

MIAMI , March 20, 2024 /PRNewswire/ --  Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced the appointment of its two Master Chefs of France, Chef Alexi... Adjusted Net Income (Loss) divided by the number of diluted weighted-average shares outstanding. ________________________1 See “Terminology”, “Non-GAAP Financial Measures” and “Outlook” below for additional information about Adjusted EPS, Adjusted EBITDA and other non-GAAP financial measures. Norwegian Cruise Line offers an incredible lineup of award-winning entertainment.

Our non-GAAP financial measures may not be comparable to other companies. Please see a historical reconciliation of these measures to the most comparable GAAP measure presented in our consolidated financial statements below. Net Leverage and Net Debt are performance measures that we believe provide management and investors a more complete understanding of our leverage position and borrowing capacity after factoring in cash and cash equivalents. A calculation whereby foreign currency-denominated revenues and expenses in a period are converted at the U.S. dollar exchange rate of a comparable period in order to eliminate the effects of foreign exchange fluctuations. The Company continues to experience healthy consumer demand and is at an all-time high booked position and pricing reflective of some of the best booking weeks in the Company’s history beginning with Black Friday and Cyber Monday.

Norwegian Cruise Line Holdings Reports Strong Fourth Quarter and Full Year 2023 Financial Results

Table Of Content

• Norwegian Cruise's stock jumps after guidance for a surprise profit for the current quarter
• Oceania Cruises Announces Inaugural Issue of Your World Magazine
• About NCLH
• Explore Your Cruise Vacation
• Navigating with a Highly Experienced Team
• Latest Financial Results

Additionally, onboard revenue per Passenger Cruise Day remains robust, up 20% in the quarter compared to 2019, with broad-based strength across all revenue streams. The Company’s advance ticket sales balance, including the long-term portion, ended 2023 at a year-end record of $3.2 billion, approximately 56% higher than at the end of 2019. “Looking ahead, we are determined to capitalize on our recent achievements and take advantage of the positive momentum and strong demand for cruise which resulted in turning the year at all-time highs in both our booked position and pricing. Our team is looking forward to showcasing our world-class fleet, delivering exceptional experiences, and surpassing the expectations of the guests we will welcome on board in 2024 and beyond,” continued Sommer. We operate Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Our diverse brands offer a high level of onboard service and rich experiences for our guests.

Norwegian Cruise's stock jumps after guidance for a surprise profit for the current quarter

Norwegian Cruise Line Holdings Ltd. stock outperforms competitors on strong trading day - MarketWatch

Norwegian Cruise Line Holdings Ltd. stock outperforms competitors on strong trading day.

Posted: Wed, 17 Apr 2024 21:23:00 GMT [source]

Our award-winning ships are designed for you to enjoy as you choose while cruising to the most beautiful destinations around the world. No matter where your dream vacation takes you, feel free to cruise your way. Our award-winning ships are designed for you to enjoy as you choose while cruising to beautiful destinations around the world.

Oceania Cruises Announces Inaugural Issue of Your World Magazine

Harry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more. According to 15 analysts, the average rating for NCLH stock is "Hold." The 12-month stock price forecast is $20.07, which is an increase of 9.73% from the latest price. $875 million senior secured revolving credit facility as of September 30, 2023, which was increased to $1.2 billion in October 2023. A process whereby a ship is positioned in a large basin where all of the fresh/sea water is pumped out in order to carry out cleaning and repairs of those parts of a ship which are below the water line. Other income (expense), net was an expense of $(35.3) million in 2023 compared to an expense of $(24.0) million in 2022. Interest expense, net was $197.4 million in 2023 compared to $177.1 million in 2022.

About NCLH

Building on the success of its Allura Class ships, the last one being delivered in 2025, Oceania Cruises is scheduled to take delivery of two 86,000-gross-ton ships, each with a capacity of 1,400 guests in 2027 and 2029. Lastly, following the award-winning Explorer Class ships, Regent Seven Seas Cruises is scheduled to take delivery of two 77,000-gross-ton ships, each with a capacity of 850 guests, in 2026 and 2029. Details regarding the ships’ amenities, staterooms, dining, recreational, efficiency, sustainability and other features will be announced in the coming months. See “Terminology” for the definitions of these and other non-GAAP financial measures.

GAAP net income was $166.2 million or EPS of $0.39 compared to net loss of $(2.3) billion or EPS of $(5.41) in the prior year. The Company reported Adjusted Net Income of $298.0 million or Adjusted EPS of $0.70 in the year. This compares to Adjusted Net Loss and Adjusted EPS of $(1.9) billion and $(4.64), respectively, in the prior year. Adjusted EBITDA was approximately $1.9 billion, in line with guidance driven primarily by solid revenue performance and lower Adjusted Net Cruise Cost Excluding Fuel. The Company is committed to prioritizing efforts to optimize its balance sheet and reduce leverage. As of December 31, 2023, the Company had total debt of $14.1 billion and total Net Debt of $13.7 billion and continues to expect improvement in its Net Leverage.

Free Cash Flow and Adjusted Free Cash Flow do not represent the residual cash flow available for discretionary expenditures as they exclude certain mandatory expenditures such as repayment of maturing debt. Management uses Free Cash Flow and Adjusted Free Cash Flow as measures to assess both business performance and overall liquidity. For the full year 2024, the Company expects Net Yield growth to be strong at approximately 5.4% on a Constant Currency basis compared to 2023. This growth is driven by exceptional demand for Norwegian Cruise Line with Oceania Cruises and Regent Seven Seas Cruises also experiencing strong demand across all geographies with the exception of voyages redeployed due to the conflicts in the Middle East and Red Sea.

Our larger and connecting staterooms will let everyone cruise in comfort. For those cruising alone, our award-winning Studios are specially designed for solo travelers and include access to an exclusive private lounge. In November 2014, we acquired Prestige Cruises International, Inc., the parent company of Oceania Cruises and Regent Seven Seas Cruises, in a cash and stock transaction for $3.025 billion, including the assumption of debt. This transaction diversified our portfolio to include three award-winning, global cruise brands.

Navigating with a Highly Experienced Team

Our leadership team is comprised of diverse and accomplished executives with strong entrepreneurial spirits coupled with decades of experience in cruise, travel, leisure and hospitality-related industries. The health and safety of our guests, crew and communities we visit is our number one priority. Our SailSAFETM health and safety program further enhances our rigorous health and safety protocols to include multiple layers of protection against COVID-19.

Anticipated non-newbuild capital expenditures for full year 2024 are expected to be approximately $475 million including approximately $113 million in the first quarter. GAAP net loss was $(106.5) million or EPS of $(0.25) compared to net loss of $(482.5) million or EPS of $(1.14) in the prior year. The Company reported Adjusted Net Loss of $(77.1) million or Adjusted EPS of $(0.18) in the fourth quarter of 2023. This compares to Adjusted Net Loss and Adjusted EPS of $(439.7) million and $(1.04), respectively, in the fourth quarter of 2022. Adjusted EBITDA in the fourth quarter was approximately $359.6 million, in line with guidance driven primarily by solid revenue performance and lower Adjusted Net Cruise Cost Excluding Fuel.

Premium cuts of steak will welcome you on The Waterfront at Cagney’s Steakhouse. In August 2007, we sold a 50 percent ownership stake in Norwegian Cruise Line to private equity groups Apollo Management, LP and TPG Capital for a $1 billion cash equity investment. In February 2000, Norwegian Cruise Line was acquired by Genting Hong Kong Limited (formerly Star Cruises Ltd.) for approximately $1.8 billion. Following the acquisition, Star Cruises became the third largest cruise line in the world and launched an expansion program of new ships, onboard improvements and innovative itineraries.

Additionally, all calls to Israel and the Red Sea have been cancelled and redirected for the entirety of 2024. Prior to the conflict, approximately 7% of the capacity in the fourth quarter of 2023 and 4% of capacity for the full year 2024 expected to visit the Middle East3, predominantly on our Oceania Cruises and Regent Seven Seas Cruises brands. Prior to the recent cancellations, approximately 1% of 2024 capacity was expected to sail through the Red Sea. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Return on equity is useful for comparing the quality of different businesses.

In addition to announcing the results for the fourth quarter and full year 2023, the Company also provided guidance for the first quarter and full year 2024, along with accompanying sensitivities. The Company does not provide certain estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. The Company has not provided reconciliations between the Company’s 2024 guidance and the most directly comparable GAAP measures because it would be too difficult to prepare a reliable U.S.