ChickenStockChickenStock

AI English summary of an SEC filing — figures as filed

Norwegian Cruise Line Holdings logoNorwegian Cruise Line Holdings NCLH

The company said total revenue for the Q2 2024 quarter ended June 30, 2024 was $2.4 billion, up 8% from the same period of 2023. GAAP net income was $163.4 million, or EPS of $0.35. Capacity rose 4% over the same period.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said total revenue for the Q2 2024 quarter ended June 30, 2024 was $2.4 billion, up 8% from the same period of 2023. GAAP net income was $163.4 million, or EPS of $0.35. Capacity rose 4% over the same period.

  2. Norwegian said Adjusted EBITDA for Q2 was $587.7 million, up 14% from $514.8 million in Q2 2023. Adjusted EPS was $0.40, compared with $0.30 a year earlier.

  3. The company reported total debt of $13.4 billion and Net Debt of $12.8 billion as of June 30, 2024. Net Leverage was 5.9x for the trailing 12 months. Liquidity at quarter-end was $2.7 billion, including approximately $594.1 million of cash and cash equivalents.

  4. The company said it raised its full-year 2024 Adjusted EBITDA outlook to approximately $2.35 billion from $2.30 billion, and its Adjusted EPS outlook to $1.53 from $1.42. Its Net Yield growth outlook on a Constant Currency basis rose to approximately 8.2% from approximately 7.2%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 2024 Revenue and Net Income

The company said total revenue for the Q2 2024 quarter ended June 30, 2024 was $2.4 billion, up 8% from the same period of 2023. GAAP net income was $163.4 million, or EPS of $0.35. Capacity rose 4% over the same period.

Source · Based on the filing body and exhibits

Q2 Adjusted EBITDA and Adjusted EPS

Norwegian said Adjusted EBITDA for Q2 was $587.7 million, up 14% from $514.8 million in Q2 2023. Adjusted EPS was $0.40, compared with $0.30 a year earlier.

Source · Based on the filing body and exhibits

Debt, Net Leverage and Liquidity

The company reported total debt of $13.4 billion and Net Debt of $12.8 billion as of June 30, 2024. Net Leverage was 5.9x for the trailing 12 months. Liquidity at quarter-end was $2.7 billion, including approximately $594.1 million of cash and cash equivalents.

Source · Based on the filing body and exhibits

2024 Full-Year Outlook (Guidance)

The company said it raised its full-year 2024 Adjusted EBITDA outlook to approximately $2.35 billion from $2.30 billion, and its Adjusted EPS outlook to $1.53 from $1.42. Its Net Yield growth outlook on a Constant Currency basis rose to approximately 8.2% from approximately 7.2%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.