Royal Caribbean reports record First Quarter earnings and increases full year guidance
- US GAAP Net Income was $218.7 million or $1.02 per share and Adjusted Net Income was $232.8 million or $1.09 per share versus US GAAP and Adjusted Net Income of $214.7 million or $0.99 per share in 2017.
- Gross Yields were up 3.1% in Constant-Currency (up 5.1% As-Reported). Net Yields were up 4.9% in Constant-Currency (up 7.0% As-Reported).
- Gross Cruise Costs per APCD increased 5.0% in Constant-Currency (up 6.1% As-Reported). Net Cruise Costs ("NCC") excluding Fuel per APCD were up 11.2% in Constant-Currency (up 12.5% As-Reported).
- Overall, the company's booked position remains at a record level, better than last year in both rate and volume.
- Adjusted earnings are expected to be in the range of $8.70 to $8.90 per share, up$0.15 from initial guidance.
- Net Yields are expected to increase 2.0% to 3.75% in Constant-Currency (up approximately 4.0% As-Reported).
- NCC excluding Fuel per APCD are expected to be up approximately 2.5% in Constant-Currency (up 3.0% to 3.5% As-Reported).
Published April 26, 2018
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