Norwegian Cruise Line Holdings Ltd. (NCLH) reported record first-quarter 2018 earnings Wednesday.
GAAP net income was $103.2 million, compared to $61.9 million in the same period last year. Earnings per share were 45 cents, compared to 27 cents last year. Adjusted net income was $137.8 million and adjusted earnings per share of 60 cents, compared to $91.2 million or 40 cents in the prior year. Total revenue increased 12.4 percent to $1.3 billion.
The company said it expects to generate record earnings for the full year 2018 and has increased its outlook, with adjusted EPS now expected to be in the range of $4.55 to $4.70.
"The year is off to an impressive start with yet another record quarter of earnings, which exceeded expectations," said Frank Del Rio, president and CEO of NCLH. "The 2018 Wave Season was stellar and has further strengthened our overall future booked position with load factor and pricing continuing to be well ahead of prior year for the remaining quarters of 2018 and throughout 2019."
Mark Kempa, interim CFO, credited the strong performance to "strong global demand for our portfolio of brands" and the "successful, record-breaking launch of Norwegian Bliss, which entered the fleet as the best booked Norwegian Cruise Line newbuild in the history of our company."
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