Summary by Moomoo AI
Norwegian Cruise Line Holdings reported strong Q3 2024 results, with record revenue of $2.8 billion, up 11% YoY. Net income rose 37% to $474.9 million, with EPS increasing 34% to $0.95. Adjusted EBITDA grew 24% to a quarterly record of $931 million.The company raised its full-year 2024 guidance for the fourth time, now projecting Adjusted EBITDA of $2.425 billion, up $225 million from initial guidance. Net Yield growth is expected to be approximately 9.4% in Constant Currency. Adjusted EPS guidance increased to $1.65, up $0.42 from initial projections.Norwegian remains focused on strengthening its financial position, reducing Net Leverage to 5.58x, down ~1.75x from year-end 2023. The company successfully refinanced $315 million of 2024 notes and expects to end 2024 with Net Leverage of ~5.4x. Strong demand and cost control efforts are positioning Norwegian to achieve its 2026 financial targets.
