In the wake of recording-setting 2017 financial results, Royal Caribbean Cruises Ltd is well-positioned for a repeat performance this year.
This was the good news out of RCL headquarters today as the company reported exceptionally strong 2017 results with adjusted earnings of $7.53 per share. Looking ahead, 2018 adjusted earnings are expected to be in the range of $8.55 to $8.75 per share.
In a double dose of good news, RCL’s chairman and CEO Richard D. Fain announced that the company had not only achieved, but exceeded, its three-year Double-Double goal of doubling earnings per share and recording a double-digit return on invested capital.
“Each of the brands has performed excellently,” Fain told investors during the January 24 earnings call. He attributed the stellar performance to strong customer demand coupled with disciplined cost management and the exceptional efforts of the RCL workforce.
Fain announced employees will participate in the company’s financial achievements with a surprise financial award– salary bonuses of 5% for all 66,000 employees.
2018 is off to a strong start, according to RCL leadership, which pointed to robust advance bookings and the advent of three new ships. Here’s what is coming:
- The introduction of Symphony of the Seas and Azamara Pursuit in Europe, in April and August respectively, and the debut of Celebrity Edge in Fort Lauderdale in November.
- Technological innovations aboard ship aimed at enhancing the customer experience.
- A keen focus on the previously announced 20/20 Vision initiative for continuous improvement and innovation that will take RCL to new heights as a global travel leader.
Bookings for 2018 are better than last year’s record high and at notably higher rates as North American and European consumers drive the demand across the spectrum of RCL products. Also, trending is strong onboard spending, a healthy Asian market and the recovery in the Caribbean following a challenging 2017 Hurricane Season.