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MIAMI -On Thursday, Norwegian Cruise Line Holdings Ltd . (NYSE:NCLH) reported fourth quarter earnings that beat analyst estimates.
The company’s shares were up 1.40% in premarket trading following the results.
The cruise operator posted adjusted earnings per share of $0.26, surpassing the consensus forecast of $0.11. Revenue for the quarter came in at $2.1 billion, in line with expectations.
Norwegian Cruise Line’s fourth quarter net yield, a key industry metric, increased 9.0% compared to the same period last year, exceeding the company’s guidance by 210 basis points. This was driven by strong onboard spending.
"2024 was marked by strategic and transformative milestones for Norwegian Cruise Line Holdings," said Harry Sommer, president and CEO. "These achievements, driven by the dedication of our over 41,000 team members both shoreside and shipboard, led to exceptional financial performance with record revenue, Net Yield growth, and Adjusted EBITDA."
For the full year 2025, Norwegian Cruise Line expects adjusted earnings per share of $2.05, slightly below the analyst consensus of $2.09. The company forecasts full year adjusted net income of approximately $1.07 billion.
Net yield for 2025 is projected to increase about 3.0% on a constant currency basis versus 2024. Adjusted EBITDA is expected to grow 11.0% to approximately $2.72 billion.
Norwegian Cruise Line ended 2024 with total debt of $13.1 billion and net leverage of 5.3x, an improvement of two turns compared to the end of 2023.
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