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Royal Caribbean Group logoRoyal Caribbean Group RCL

The company reported Q3 2024 EPS of $4.21 and Adjusted EPS of $5.20, with total revenues of $4.9 billion, Net Income of $1.1 billion and Adjusted EBITDA of $2.1 billion, it said.

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

Key points

AI summary
  1. The company reported Q3 2024 EPS of $4.21 and Adjusted EPS of $5.20, with total revenues of $4.9 billion, Net Income of $1.1 billion and Adjusted EBITDA of $2.1 billion, it said.

  2. Royal Caribbean said Gross Margin Yields rose 13.4% in Q3 on an as-reported basis, and Net Yields rose 7.9% in both Constant Currency and as-reported terms. It said Net Cruise Costs excluding Fuel per APCD increased 4.0%.

  3. Royal Caribbean said it raised its full-year 2024 Adjusted EPS outlook to $11.57 to $11.62. Adjusted EPS guidance for Q4 is $1.40 to $1.45, which includes headwinds of $0.24, and the company said 3 of 1 of that amount relates to Hurricane Milton.

  4. Royal Caribbean said it issued $2 billion of 6.00% unsecured notes due 2033 and $1.5 billion of 5.625% unsecured notes due 2031 in Q3 2024 to refinance existing debt. The company said these transactions returned it to a fully unsecured capital structure.

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.

Q3 2024 EPS and Adjusted EPS

The company reported Q3 2024 EPS of $4.21 and Adjusted EPS of $5.20, with total revenues of $4.9 billion, Net Income of $1.1 billion and Adjusted EBITDA of $2.1 billion, it said.

Source · Based on the filing body and exhibits

Net Yields, Gross Margin Yields and Net Cruise Costs Changes in Q3

Royal Caribbean said Gross Margin Yields rose 13.4% in Q3 on an as-reported basis, and Net Yields rose 7.9% in both Constant Currency and as-reported terms. It said Net Cruise Costs excluding Fuel per APCD increased 4.0%.

Source · Based on the filing body and exhibits

Full-Year 2024 Adjusted EPS Outlook

Royal Caribbean said it raised its full-year 2024 Adjusted EPS outlook to $11.57 to $11.62. Adjusted EPS guidance for Q4 is $1.40 to $1.45, which includes headwinds of $0.24, and the company said 3 of 1 of that amount relates to Hurricane Milton.

Source · Based on the filing body and exhibits

Shift to Unsecured Borrowing Structure in Q3

Royal Caribbean said it issued $2 billion of 6.00% unsecured notes due 2033 and $1.5 billion of 5.625% unsecured notes due 2031 in Q3 2024 to refinance existing debt. The company said these transactions returned it to a fully unsecured capital structure.

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.