🔹 EPS: $1.27 (Est. $1.17) 🟢
🔹 Revenue: $7.89B (Est. $7.82B) 🟢; UP +15% YoY
🔹 Adjusted EBITDA: $2.8B; UP +25% YoY
Q4 ’24 Outlook:
🔹 Adj EBITDA: Approximately $1.14B (Est. 1.15B) 😐; UP +20% YoY
🔹 Net Yields (constant currency): Expected to be UP approximately +5% YoY
🔹 Adjusted Cruise Costs excluding Fuel per ALBD (constant currency): Expected to be UP approximately +8% YoY
Key Metrics:
🔹 Net Income: $1.7B; UP +60% YoY
🔹 Operating Income: $2.2B; UP +34% YoY
🔹 Net Yields (constant currency): UP +8.7% YoY
🔹 Gross Margin Yields: UP +19% YoY
🔹 Net Per Diems (constant currency): UP nearly 6% YoY
🔹 Cruise Costs per ALBD: UP +3.4% YoY
🔹 Adjusted Cruise Costs excluding Fuel per ALBD (constant currency): DOWN compared to 2023
2024 Full-Year Guidance:
🔹 Net Yields (constant currency): Expected to be UP approximately +10.4% YoY
🔹 Adjusted Cruise Costs excluding Fuel per ALBD (constant currency): Expected to be UP approximately +3.5% YoY
🔹 Adjusted EBITDA: Approximately $6.0B, UP over +40% compared to 2023
🔹 Adjusted Return on Invested Capital (ROIC): Approximately 10.5%, an improvement of +5 percentage points YoY
Bookings & Customer Deposits:
🔹 Total Customer Deposits: $6.8B (record high); surpassing Q3 2023 level of $6.3B
🔹 Cumulative advanced booked position for full year 2025 is ahead of the previous 2024 record, with prices (in constant currency) also ahead of prior year.
Financial Health:
🔹 Liquidity: $4.5B, including cash and borrowings
🔹 Debt Prepayments: $625M prepaid since June 2024; total prepayments now $7.3B since 2023
🔹 Capital Expenditures: Q4 2024 newbuild expenditures $0.2B; non-newbuild expenditures $0.6B
#ccl
