Norwegian Cruise Line rallies after hiking guidance ahead of the company’s investor day event

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) released new financial targets ahead of the company’s Investor Day event later on Monday at the New York Stock Exchange.

Financial targets for 2026 from the cruise line operator include generating an adjusted operational EBITDA margin of approximately 39%, adjusted EPS of approximately $2.45, and reducing net leverage to the mid-four turn levels. NCLH also aims to record an adjusted ROIC of 12%, exceeding pre-2020 levels.

Based on current strong demand and an improved outlook for the year, NCLH is increasing its full year 2024 guidance, raising expectations for net yield growth from 6.4% to 7.2%, increasing adjusted EBITDA expectations from $2.25 billion to $2.30 billion, and upping its adjusted EPS outlook from $1.32 to $1.42, vs. $1.36 consensus.

During the event, the cruise line operator plans to discuss its new comprehensive Charting the Course strategy, which it said includes a refreshed vision of strategic initiatives centered around four pillars encompassing people, product, growth platform and performance. NCLH said it will also outline in detail the three-year financial and sustainability targets geared at enhancing shareholder returns.

CEO update: “We are thrilled to begin charting our new course with a transformational strategy that will guide our plans for future growth. Our new ‘Vacation Better. Experience More’ vision not only captures our commitment to offer our guests unforgettable vacation experiences, but focuses our over approximately 40,000 team members to deliver on that commitment through the several strategic initiatives that comprise our ‘Charting the Course’ strategy.”

Shares of Norwegian Cruise Line (NCLH) rallied 2.65% in premarket trading on Monday.