$RCL 1Q15 10-Q: Total cruise OpEx was $1.22Bil vs. $1.30Bil in 1Q14, decreased $0.08Bil, or 6.2%. Total cruise OpEx, excluding favorable effect of changes in foreign currency exchange rates and decrease in cruise operating expenses from sale of Pullmantur's non-core businesses discussed above, decreased 1.3% from 1Q14.
For FY18, $RCL expects its non-GAAP EPS to be in the range of $8.55-8.75 per share. Net Yield increase is expected to be about 1.5-3.5% on a Constant-Currency basis. Based on current fuel pricing, interest rates and currency exchange rates, the company expects its 1Q18 non-GAAP EPS to be approx. $0.95 per share.
$RCL, that is set to debut the largest cruise ship, Symphony of the Seas, stated that the company has decided to give the employees, excluding corporate officers, equity rewards that is equal to 5% of their salary. The Thank-you, Thank you Bonus totals approx. $80MM.
Cruise operator $RCL reported a 10.3% rise in its 4Q17 earnings, helped by higher onboard spending and strong demand for core products. Net income rose to $288MM, or $1.34 per share compared to $261.1MM, or $1.21 per share during 4Q16. Adj. EPS was $1.23 per share. Net revenue during the quarter rose 5% YoY to $2Bil.
$RCL named Martha Poulter senior vice president and chief information officer. Poulter joins RCL after spending the last 13 years of her career as CIO for major corporations such as Starwood Hotels and Resorts and GE Capital. Poulter will report directly to Adam Goldstein, president and COO of Royal Caribbean Cruises Ltd.
For FY17, $RCL expects its net revenue yields to be up approx. 6%, an increased when compared to prior guidance despite the negative impact of the hurricanes, which impacted FY17 by 20bps. Net cruise costs is expected to be up 2%. $RCL is 65% hedged for the remainder of the year at a price of $498 per metric ton.
$RCL reported that the three major hurricanes impacted 3Q17 by $0.20 per share and approx. $0.06 per share for 4Q17 for a total of $55MM for the full year. Storms also resulted in cruise cancellations that led to fewer Available Passenger Cruise Days (APCD).
Cruise operator $RCL reported 9% increase in its 3Q17 profit, helped by strong booking and pricing trends. Net income during the quarter rose to $752.8MM or $3.49 per share, from $693.3MM, or $3.21 per share in 3Q16. Adj EPS was $3.49. Revenues rose marginally to $2.57Bil from $2.56Bil during the prior year.
$RCL updated FY17 non-GAAP EPS guidance to a range of $7.00-7.20, from $6.90-7.10. The company expects Net Yield to increase in the range of 4.5-6.0%. Net Yields during 2Q17 is expected to increase 10.0-10.5% and 2Q17 non-GAAP EPS is anticipated to be about $1.60-1.65.
$RCL reported rise in 1Q17 profit, mainly due to improved revenue and overall bookings. Net income was $214.7MM, or $0.99 per share, compared to $99.1MM, or $0.46 per share during 1Q16. Revenues during the quarter rose to $2Bil from $1.91Bil during the prior year period. Excluding items, $RCL earned $0.99 per share.
$RCL reported a rise in 4Q16 earnings driven by lower costs and expenses as well as higher revenue. Net income grew to $261.1MM or $1.21 per share from $206.8MM or $0.94 per share last year. Revenue rose slightly to $1.91Bil from $1.90Bil. Adjusted EPS for the latest quarter was $1.23.
For the full year 2016, $RCL's net revenue yields are expected to be up 4% or better, unchanged from 2Q16 guidance. The company's cost guidance is also unchanged with net cruise costs, excluding fuel, expected to be up approx. 1%. $RCL is 68% hedged for the remainder of 2016 at a price of $535 per metric ton.
