"Net income climbed 44% year over year to $1.6 billion, a significant jump that reflects both pricing power and cost discipline. Operating income grew 4.2% to $1.70 billion, showing the company is converting higher prices into actual profit. Load factor hit 112%, meaning the company filled more than capacity through overbooking practices (standard in the industry). Net yields rose 2.8% year over year, a measure of revenue per available berth that signals strong demand."
"I'd keep an eye on that last part. All-time high satisfaction scores are rare and suggest pricing increases aren't driving away customers. Cash ballooned 76% year over year to $735 million, giving the company more flexibility for shareholder returns and debt reduction. The company increased its quarterly dividend by 33% to $1.00 per share and repurchased 1.3 million shares for $345 million, actions that reflect management confidence in forward earnings."
Royal Caribbean reported adjusted EPS of $5.75 versus a $5.68 consensus and revenue of $5.14 billion versus $5.17 billion expected. Net income rose 44% year over year to $1.6 billion while operating income increased 4.2% to $1.70 billion. Load factor reached 112% and net yields rose 2.8% year over year, indicating strong demand. Cash increased 76% to $735 million. The company raised its quarterly dividend 33% to $1.00 per share and repurchased 1.3 million shares for $345 million. A $30 million revenue shortfall was attributed to adverse weather and a temporary Labadee closure.
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