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Norwegian Cruise Line Holdings logoNorwegian Cruise Line Holdings NCLH

The company said full-year 2024 total revenue rose about 11% from 2023 to a record $9.5 billion. GAAP net income was $910.3 million, up 448% from 2023, and diluted EPS was $1.89.

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

Key points

AI summary
  1. The company said full-year 2024 total revenue rose about 11% from 2023 to a record $9.5 billion. GAAP net income was $910.3 million, up 448% from 2023, and diluted EPS was $1.89.

  2. Norwegian Cruise Line Holdings said full-year 2024 Adjusted EBITDA grew 32% to $2.45 billion, compared with $1.86 billion in 2023. It said Adjusted EPS was $1.82, which included a foreign exchange benefit of $0.10.

  3. The company said total debt was $13.1 billion and Net Leverage was 5.3x as of December 31, 2024, a reduction of 2 turns from December 31, 2023. It said net cash provided by operating activities for the year was about $2.0 billion.

  4. The company said it expects full-year 2025 Adjusted EBITDA of about $2.72 billion, an increase of 11.0% over 2024. Its outlook for Adjusted EPS is about $2.05, and it expects Net Yield to increase about 3.0% on a Constant Currency basis.

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.

Full-Year 2024 Revenue of $9.5 billion, Net Income of $910.3 million

The company said full-year 2024 total revenue rose about 11% from 2023 to a record $9.5 billion. GAAP net income was $910.3 million, up 448% from 2023, and diluted EPS was $1.89.

Source · Based on the filing body and exhibits

Full-Year Adjusted EBITDA of $2.45 billion

Norwegian Cruise Line Holdings said full-year 2024 Adjusted EBITDA grew 32% to $2.45 billion, compared with $1.86 billion in 2023. It said Adjusted EPS was $1.82, which included a foreign exchange benefit of $0.10.

Source · Based on the filing body and exhibits

Total Debt of $13.1 billion, Net Leverage of 5.3x

The company said total debt was $13.1 billion and Net Leverage was 5.3x as of December 31, 2024, a reduction of 2 turns from December 31, 2023. It said net cash provided by operating activities for the year was about $2.0 billion.

Source · Based on the filing body and exhibits

2025 Full-Year Adjusted EBITDA Outlook

The company said it expects full-year 2025 Adjusted EBITDA of about $2.72 billion, an increase of 11.0% over 2024. Its outlook for Adjusted EPS is about $2.05, and it expects Net Yield to increase about 3.0% on a Constant Currency basis.

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.