NYSE$NCLH

Norwegian Cruise Line Holdings · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results with operating cash flow positive and go-to-market strategy driving robust pricing.

Norwegian Cruise Line Holdings reported strong consumer demand, record pricing, and accelerating booking volumes for 2023 and beyond. The company generated positive operating cash flow and expects to reach slightly positive Adjusted EBITDA in the second half of 2022. Occupancy reached 65% in the second quarter, with numerous voyages exceeding 100%.

  • Completed the phased relaunch of its entire fleet with all ships in operation in early May.
  • Occupancy in the second quarter was 65%, a 17-point improvement over the prior quarter.
  • Generated positive Operating Cash Flow of approximately $260 million for the second quarter of 2022.
  • Advance ticket sales balance increased approximately $0.3 billion in the quarter to $2.5 billion as of June 30, 2022, an all-time record high.

Headline financials

Total Revenue

$1.19B

Previous: $4.37M+27079.1%
EPS (adj)

-$1.14

Previous: -$1.93+40.9%
Capital Expenditures

-$326M

Previous: -$309M-5.4%
Free Cash Flow

-$836M

Previous: -$1.03B+18.7%
Net Income

-$509M

Previous: -$718M+29.0%
Operating Income

-$397M

Previous: -$605M+34.4%
Gross Profit

$114M

Previous: -$250M+145.6%
Cash & Equivalents

$1.9B

Previous: $2.75B-30.8%
Total Assets

$19.1B

Previous: $18.5B+3.2%
Stock-Based Comp

$30M

Previous: $22.5M+33.8%

Revenue & EPS history

Norwegian Cruise Line · Revenue · Quarterly

$1.19B

Q2 2022+27,079.1%vs Q2 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Due to the COVID-19 pandemic, the effects of the Russia-Ukraine conflict and current macroeconomic conditions, the Company will report a net loss for the third 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 Q2 2022

Historical avgQ2 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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