NYSE$NCLH

Norwegian Cruise Line Holdings · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results with revenue increase due to the phased ramp up of cruise voyages and provided guidance for the first quarter and full year 2023.

Norwegian Cruise Line Holdings reported a GAAP net loss of $(482.5) million, or EPS of $(1.14), and an adjusted net loss of $(439.7) million, or adjusted EPS of $(1.04). Revenue increased to $1.5 billion compared to $487.4 million in Q4 2021. Occupancy reached approximately 87%. The company generated positive Adjusted Free Cash Flow of approximately $71 million.

  • Achieved Occupancy of approximately 87% in the fourth quarter, consistent with expectations.
  • Total revenue per Passenger Cruise Day was up approximately 23% as-reported and approximately 24% in Constant Currency versus 2019.
  • Generated positive Adjusted Free Cash Flow of approximately $71 million for the fourth quarter of 2022.
  • Entered the year with a record cumulative booked position of approximately 62% for full year 2023.

Headline financials

Total Revenue

$1.52B

Previous: $487M+211.6%
EPS (adj)

-$1.04

Previous: -$1.95+46.7%
Capital Expenditures

$155M

Previous: $213M-27.1%
Free Cash Flow

$71M

Previous: -$529M+113.4%
Net Income

-$483M

Previous: -$1.6B+69.8%
Operating Income

-$281M

Previous: -$1.11B+74.7%
Gross Profit

$300M

Previous: -$230M+230.1%
Cash & Equivalents

$947M

Previous: $2.7B-64.9%
Total Assets

$18.6B

Previous: $0.00
Stock-Based Comp

$24.6M

Previous: $35.1M-29.8%

Revenue & EPS history

Norwegian Cruise Line · Revenue · Quarterly

$1.52B

Q4 2022+211.6%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

The Company also provided guidance for the first quarter and full year 2023, along with accompanying sensitivities.

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 Q4 2022

Historical avgQ4 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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