Earnings ·
Royal Caribbean reports Q3 EPS of $6.45, raises full-year Adjusted EPS guidance to $17.85-$17.95
RCLRoyal Caribbean Cruises Ltd
Royal Caribbean Group reported third-quarter earnings per share of $6.45 and adjusted EPS of $6.57, beating expectations driven by strong close-in demand and lower costs due to timing. Total revenue reached $5.6 billion, a 9% increase year over year, with a load factor of 112%. The company raised its full-year Adjusted EPS guidance to a range of $17.85 to $17.95, reflecting stronger-than-expected Q3 performance partially offset by higher fuel costs and currency headwinds. Additionally, the company announced it issued $1.25 billion in senior unsecured notes due 2034 to repay maturing debt and entered into a new $400 million delayed-draw term loan with Export Development Canada. Royal Caribbean Group is a leading global vacation company operating cruise ships, exclusive destinations, and land-based experiences through brands including Royal Caribbean International, Celebrity Cruises, and Silversea.