Sector: Consumer Discretionary|Industry: Travel Services|Market Cap: $11.27B|Employees: 41K
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.
Total revenue increased to $2.4 billion compared to $2.2 billion in the prior year. This increase is attributed to a 4.0% increase in Capacity Days and improved pricing.
Net income increased to $163.4 million, or $0.35 per diluted share, compared to $86.1 million, or $0.20 per diluted share, in the prior year. This indicates improved profitability.
Gross margin increased to $711.4 million from $638.4 million in the prior year. Adjusted Gross Margin also increased to $1.7 billion from $1.5 billion, reflecting enhanced operational efficiency and pricing strategies.