For the quarter ended December 2024, Norwegian Cruise Line (NCLH) reported revenue of $2.11 billion, up 6.2% over the same period last year. EPS came in at $0.26, compared to -$0.18 in the year-ago quarter.The reported revenue represents a surprise of +0.96% over the Zacks Consensus Estimate of $2.09 billion. With the consensus EPS estimate being $0.11, the EPS surprise was +136.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Norwegian Cruise Line (NCLH) Q4 2024 Earnings Call February 27, 2025 08:00 AM ET Company Participants Sarah Inmon - Head of Investor Relations & Corporate CommunicationsHarry Sommer - President and CEO, Norwegian Cruise LineMark Kempa - EVP & CFOLizzie Dove - Vice President Equity ResearchSteven Wieczynski - Managing DirectorRobin Farley - Managing Director Conference Call Participants Brandt Montour - AnalystDaniel Politzer - AnalystJames Hardiman - Director - Leisure and Travel AnalystVince Ciepiel - Seni ...

Norwegian Cruise Line (NCLH) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 136.36%. A quarter ago, it was expected that this cruise operator would post earnings of $0.95 per share when it actually produced earnings of $0.99, delivering a surprise of 4.21%.Over the last four quarters, th ...

Q4 and Full Year 2024 Earnings Conference Call - February 27, 2025 F O R W A R D L O O K I N G S T A T E M E N T S Some of the statements, estimates or projections contained in this presentation are "forward-looking statements" within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained, or incorporated by reference, in this ...

EXHIBIT 99.1 Norwegian Cruise Line Holdings Reports Strong Fourth Quarter and Full Year 2024 Financial Results Strong demand drives 2024 revenue up ~11% to full year record Company beats full year guidance across key metrics and announces 2025 full year guidance MIAMI, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd. ("NCLC"), "Norwegian Cruise Line Holdings", "Norwegian", "NCLH" or the "Company") today reported financial results for the ...

Core Insights - Norwegian Cruise Line Holdings reported a record total revenue of $9.5 billion for 2024, marking an approximate 11% increase compared to 2023, driven by a 3% growth in capacity [5][6] - The company achieved a GAAP net income of $910.3 million, a significant increase of 448% from 2023, with earnings per share (EPS) rising 386% to $1.89 [5][6] - Adjusted EBITDA for 2024 grew by 32% to a record $2.45 billion, compared to $1.86 billion in 2023, with adjusted EPS reaching $1.82 [5][6] Financial Performance - The company generated a record fourth quarter total revenue of $2.1 billion, a ~6% increase compared to Q4 2023, despite a 1% decline in capacity [13] - GAAP net income for Q4 2024 was $254.5 million, a $361 million increase from Q4 2023, with EPS increasing to $0.52 [13] - Full year 2024 Adjusted EBITDA was $2.45 billion, with a gross margin per Capacity Day up 23% compared to 2023 [6][13] Debt and Leverage - Total debt at the end of 2024 was $13.1 billion, with net leverage improving to 5.3x, a two-turn reduction from the previous year [5][16] - The company successfully refinanced $1.8 billion of debt and upsized its revolving credit facility from $1.2 billion to $1.7 billion [13][18] 2025 Guidance - For 2025, the company expects Adjusted EBITDA to be approximately $2.72 billion, an 11% increase from 2024, with adjusted net income projected at $1.07 billion [5][11] - Full year 2025 Adjusted EPS is expected to be around $2.05, reflecting a 13% year-over-year increase [11][21] - The company anticipates a 3% increase in net yield on a constant currency basis for 2025 [11][21] Strategic Initiatives - Norwegian Cruise Line Holdings launched a transformative newbuild program, planning to add eight new vessels, which will provide approximately 25,000 additional berths [6][11] - The company is committed to its "Charting the Course" strategy, aiming to achieve specific financial targets by 2026 [3][11] Booking Environment - The company continues to experience strong consumer demand, with a full year 2024 occupancy rate of approximately 104.9% and a fourth quarter occupancy of 100.8% [15] - Advance ticket sales balance at the end of Q4 2024 was $3.2 billion, indicating robust future bookings [15]

Core Viewpoint - Norwegian Cruise Line Holdings Ltd. (NCLH) is set to report its fourth-quarter 2024 results on February 27, with expectations of strong earnings growth driven by consumer demand and onboard spending increases [1][5]. Earnings Estimates - The Zacks Consensus Estimate for fourth-quarter adjusted earnings is 11 cents per share, reflecting a year-over-year increase of 161.1% [2]. - Revenue estimates are pegged at $2.09 billion, indicating a 5.2% year-over-year growth [2]. Earnings Prediction Model - The model indicates a negative Earnings ESP of -1.28%, suggesting uncertainty regarding an earnings beat this quarter [3]. - NCLH currently holds a Zacks Rank of 3 (Hold) [4]. Factors Influencing Q4 Results - Strong consumer demand and a solid booking environment are expected to positively impact NCLH's fourth-quarter performance [5]. - Increased onboard spending, particularly from shore excursions and enhanced communication services via Starlink, are anticipated to contribute to revenue growth [5][6]. Revenue Breakdown - Passenger ticket revenues are projected to rise by 1.9% to $1,359 million, while onboard and other revenues are expected to increase by 6.6% to $696.4 million year-over-year [7]. - The number of passengers carried is predicted to grow by 13.4% compared to the previous year [7]. Profitability Outlook - The bottom line is expected to improve due to ongoing cost reduction efforts and margin enhancement initiatives, with adjusted EBITA projected to grow by 27% to $456.7 million [8]. Challenges and Headwinds - NCLH faces challenges such as rising expenses related to commissions and onboard services, inflation, global supply chain disruptions, and geopolitical risks that may impact profitability [9]. Stock Performance and Valuation - NCLH shares have increased by 28.8% over the past year, outperforming the Zacks Leisure and Recreation Services industry and the S&P 500, but lagging behind major competitors like Carnival Corporation and Royal Caribbean [10]. - The company is trading at a forward 12-month price-to-earnings ratio of 12.87X, which is below the industry average, indicating a relatively attractive valuation [14]. Long-term Outlook - NCLH's strong demand, increased onboard spending, and revenue growth from fleet expansion and digital investments support a positive long-term outlook [16]. - However, persistent challenges such as higher expenses and competitive pressures suggest limited near-term upside for the stock [16].

Core Viewpoint - Norwegian Cruise Line Holdings Ltd. (NCLH) is currently undervalued with a forward 12-month price-to-earnings (P/E) multiple of 11.23X, significantly lower than the industry average of 19.08X and competitors like Royal Caribbean Cruises Ltd. (RCL) at 15.32X, Carnival Corporation & plc (CCL) at 12.58X, and OneSpaWorld Holdings Limited (OSW) at 18.86X [1][2] Demand and Financial Performance - The cruise industry is experiencing strong consumer demand, with NCLH reporting a 9% year-over-year growth in net yield for Q3 2024, driven by solid demand across regions, particularly in Alaska, Canada, and New England [4] - NCLH has seen a surge in onboard revenues, especially from shore excursions and enhanced communication services via Starlink high-speed Internet, with forward bookings for 2025 remaining strong and advanced ticket sales growing by 6% year-over-year [5] - The company has strategically extended its booking window, allowing better pricing management and demand optimization, which supports top-line growth and provides visibility into future earnings [6] Strategic Growth Initiatives - NCLH's long-term growth strategy, "Charting the Course," focuses on enhancing guest experiences and driving financial returns through four key pillars: people, product, growth platform, and performance [7] - Upcoming fleet expansions, including ships like Norwegian Aqua and Norwegian Luna, are expected to attract a broader customer base with unique features [8] - Strategic partnerships, such as becoming the official cruise line of the National Hockey League, are enhancing brand visibility and driving bookings [9] Cost Management and Margins - NCLH is on track to achieve $100 million in cost savings by 2024 and a total of $300 million by 2026, which is improving margins [11] - The adjusted operational EBITDA margin rose by approximately 900 basis points to 34.5% over the 12 months ending in Q3 2024, with expectations to close 2024 at 35.3% and target a 39% margin by 2026 [12] Challenges and Market Sentiment - NCLH faces rising operational costs, with total cruise operating expenses increasing to $1.54 billion in Q3 2024, up from $1.48 billion the previous year, due to higher commissions, transportation, and onboard services [13] - Geopolitical risks have led to itinerary adjustments affecting about 10% of Q4 deployment, which could impact demand and revenue [14] - The Zacks Consensus Estimate for NCLH's 2025 EPS has been revised downward by 1% over the past 60 days, indicating market caution [15]

Core Insights - Oceania Cruises has expanded its Culinary Discovery Tours with 12 new gourmet excursions for 2025, bringing the total to 46 tours available on its larger ships [1][2] Group 1: Culinary Discovery Tours - The new tours are located in diverse regions including Europe, Asia, and North America, featuring destinations such as Amsterdam, Belfast, Kobe, and Halifax [1][2] - Each tour is limited to 18 guests and led by expert Chef Instructors, providing access to local markets, acclaimed restaurants, and hands-on cooking classes [3] - The tours aim to offer an immersive experience that connects travelers with local culture through food [4][6] Group 2: Specific Tour Highlights - In Kobe, guests will learn about traditional Japanese knife-making and enjoy a teppanyaki meal [7] - The Busan tour includes visits to local markets, such as Jagalchi Fish Market, to gather ingredients for traditional Korean dishes [8][9] - The Belfast tour features local chef Paul Cunningham and includes sampling seafood and learning about local ingredients [10] - In Halifax, guests will explore the "chowder trail" and artisanal cider trends, tasting various hard ciders and local dishes [11] - The Invergordon tour focuses on traditional Scottish chowder preparation, including shopping for ingredients and a hands-on cooking class [12] - The Valletta tour introduces guests to Maltese cuisine through artisanal food sampling in a unique grotto setting [13] Group 3: Company Overview - Oceania Cruises is recognized as the world's leading culinary- and destination-focused cruise line, operating eight luxurious ships with a maximum capacity of 1,250 guests [18] - The company offers destination-rich itineraries that span over 600 ports in more than 100 countries [18] - Oceania Cruises is a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd. [18]

Core Points - Norwegian Cruise Line Holdings Ltd. will report its fourth quarter and full year 2024 financial results on February 27, 2025, at 6:30 a.m. Eastern Time, followed by a conference call at 8:00 a.m. Eastern Time [1] - The conference call will be available via webcast on the Company's Investor Relations website, with a replay accessible for 30 days post-call [2] - Norwegian Cruise Line Holdings operates three brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, with a combined fleet of 32 ships and approximately 66,500 berths, offering itineraries to around 700 destinations globally [3] - The Company plans to add 13 additional ships across its brands by 2036, which will increase its fleet capacity by approximately 41,000 berths [3]