NYSE$NCLH

Norwegian Cruise Line Holdings · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results and provided a business update. Company became first major cruise operator to return entire fleet back to service and pricing strength continued for all future periods.

Norwegian Cruise Line Holdings reported its Q1 2022 financial results, marking the completion of its fleet relaunch on May 7, 2022. The company's entire 28-ship fleet is now back in operation. Occupancy in the first quarter of 2022 was 48%. The Company reached a significant financial inflection point in March with Operating Cash Flow turning slightly positive.

  • Completed phased fleet relaunch on May 7, 2022, with the entire 28-ship fleet now back in operation.
  • Occupancy in the first quarter of 2022 was 48%, impacted by the Omicron surge.
  • Net booking volumes have rebounded to pre-Omicron levels and are approaching historical levels.
  • Operating Cash Flow turned slightly positive in March.

Headline financials

Total Revenue

$522M

Previous: $3.1M+16736.8%
EPS (adj)

-$1.82

Previous: -$2.03+10.3%
Capital Expenditures

-$165M

Previous: -$136M-21.2%
Free Cash Flow

-$1.15B

Previous: -$1.51B+23.8%
Net Income

-$983M

Previous: -$1.37B+28.3%
Operating Income

-$689M

Previous: -$571M-20.6%
Gross Profit

-$213M

Previous: -$201M-6.3%
Cash & Equivalents

$2.14B

Previous: $3.51B-39.1%
Total Assets

$19.3B

Previous: $19B+1.5%
Stock-Based Comp

$32.8M

Previous: $26.6M+23.3%

Revenue & EPS history

Norwegian Cruise Line · Revenue · Quarterly

$522M

Q1 2022+16,736.8%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Company will report a net loss for the second quarter of 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.9%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+0.2%

Avg return

30 days after

49%

28 / 57 earnings

Positive

+18.6%

Q3 2020

Best reaction

-15.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.6%-9.2%-3.3%
Q4 2025-10.6%-19.1%-21.8%
Q3 2025-15.4%-14.0%-15.2%
Q1 2025-7.8%-0.1%+1.6%
Q4 2024-5.3%-15.6%-23.6%
Q3 2024+4.4%+8.8%+12.8%
Q2 2024-6.5%-17.4%-3.6%
Q1 2024-15.7%-14.4%-12.3%
Q4 2023+17.4%+21.1%+31.4%
Q3 2023-3.9%-3.6%+20.7%
Q2 2023-15.5%-18.7%-24.9%
Q1 2023+7.6%+5.8%+11.2%
Q4 2022-8.2%-1.6%-19.6%
Q3 2022-5.3%+7.1%-5.7%
Q2 2022+0.2%+4.7%+5.5%
Q1 2022-3.3%+1.7%-13.7%
Q4 2021+1.9%-4.2%+3.0%
Q3 2021-0.0%+5.3%-31.8%
Q2 2021+2.0%+8.6%+1.8%
Q1 2021-4.6%-7.3%+7.6%
Q4 2020-5.5%-0.3%-14.2%
Q3 2020+18.6%+18.2%+60.6%
Q2 2020+2.0%+14.0%+34.3%
Q1 2020+5.9%+20.6%+98.8%
Q4 2019-9.7%-24.4%-83.2%
Q3 2019-0.5%-1.5%+5.1%
Q2 2019+4.2%+5.9%+9.4%
Q1 2019+1.0%-1.8%-8.3%
Q4 2018+3.1%+3.5%+3.6%
Q3 2018+1.6%+3.1%-0.9%
Q2 2018+3.4%+6.3%+9.1%
Q1 2018-5.1%-6.6%-1.3%
Q4 2017-1.4%-4.2%-12.5%
Q3 2017-0.6%-0.8%-1.0%
Q2 2017+3.0%+0.2%-1.4%
Q1 2017-5.1%-7.7%-8.3%
Q4 2016+5.1%+5.3%+4.7%
Q3 2016-3.0%+5.6%+13.7%
Q2 2016-13.2%-10.5%-19.9%
Q1 2016-5.2%
Q4 2015+8.7%
Q3 2015-7.6%
Q2 2015-1.3%
Q1 2015+11.1%
Q4 2014+6.9%
Q3 2014+6.1%
Q2 2014+3.5%
Q1 2014+3.5%
Q4 2011+0.9%
Q4 2013-5.2%
Q3 2012+0.5%
Q3 2013-0.6%
Q2 2012+0.2%
Q2 2013-3.9%
Q1 2012+0.2%
Q1 2013+0.4%
Q4 2012+1.5%
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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