NCLH Q4 Earnings: EPS ($0.18) Misses, Revenue Surpasses at $1.99B vs. $1.97B, GAAP Net Loss Improves to ($106.5M)

Norwegian Cruise Line Holdings Earnings Performance:
  – 🔴 The EPS came in at ($0.18), falling short of the estimated ($0.12).
  – 🟢 Revenue exceeded expectations at $1.99 billion compared to the estimated $1.97 billion.
  – 🟢 The GAAP Net Loss for the quarter was ($106.5 million), showcasing improvement from the prior year’s ($482.5 million).

Guidance:
  – 🟢 Q1 EPS of $0.12 surpassed the estimated ($0.20).
  – 🟡 The full-year 2024 EPS projection of $1.23 aligns with market expectations.

Operational Highlights:
  – 🟢 Net Cruise Costs (Excluding Fuel) Per Capacity Day reduced to approximately $151, marking a significant 19% YoY decrease.
  – 🟢 Recent cancellations impacted approximately 1% of the 2024 capacity initially set to sail through the Red Sea.

CEO Commentary:
  – 🔸 Harry Sommer emphasized the significance of 2023, marked by substantial growth with the delivery of three new ships.
  – 🔸 Highlighted the company’s strong position entering the new fiscal year, with all-time highs in both booked positions and pricing, indicating robust demand for cruises.

Strategic Developments:
  – 🟢 Three new ship deliveries in 2023 represent a historic milestone for the company.
  – 🟢 The focus is on showcasing the world-class fleet and delivering exceptional cruise experiences in 2024 and beyond.

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