Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Cruise giant Royal Caribbean Group (NYSE: RCL) reported
3 Nov third quarter results that it says
were “better than expected and above guidance for the quarter mainly due to
higher load factors from strong close-in demand, further improvement in onboard
revenue and better cost performance.”
The company reported net income
for the third quarter of $33.0 million or $0.13 per share compared to a net
loss of $1.4billion or $(5.59) per share for the same period in the prior year.
The company also reported adjusted net income of $65.8 million or $0.26 per
share for the third quarter compared to an adjusted net Loss of $1.2 billion or
$4.91) per share for the same period in the prior year.
Royal Caribbean also unveiled what
it calls the “Trifecta Program,” a three-year financial performance initiative
setting three main goals to be achieved
by the end of 2025:
·
Triple Digit Adjusted EBITDA per APCD,
to exceed prior record Adjusted EBITDA per APCD of $87 in 2019.
·
Double Digit Adjusted Earnings per Share
to exceed the prior record Adjusted Earnings per Share of $9.54 in 2019.
·
Return on Invested Capital (“ROIC”) in
the teens to exceed the prior record ROIC of 10.5% in 2019 through optimizing
capital allocation and enhancing operating income.
…all while returning to an
investment grade profile and reducing carbon intensity by double digits
compared to 2019.
“Last quarter’s better than
expected performance was a result of the continued robust demand environment
and strong execution by our teams,” said Jason Liberty, president and chief
executive officer of Royal Caribbean Group.
Investors seem to like all this. The company’s share
was up by around 7% by mid-afternoon 3 Nov.
