Royal Caribbean Cruises Ltd. (NYSE:RCL) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET

Company Participants

Michael McCarthy - Vice President, Investor Relations
Jason Liberty - Chief Executive Officer
Naftali Holtz - Chief Financial Officer
Michael Bayley - President & Chief Executive Officer, Royal Caribbean International

Conference Call Participants

Steven Wieczynski - Stifel
Brandt Montour - Barclays
Vince Ciepiel - Cleveland Research
Matt Boss - JPMorgan
Conor Cunningham - Melius Research
Robin Farley - UBS
Ben Chaiken - Mizuho

Operator

Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Royal Caribbean Group Second Quarter 2024 Earnings Call. All participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to introduce Michael McCarthy, Vice President of Investor Relations. Mr. McCarthy, the floor is yours.

Michael McCarthy

Good morning, everyone, and thank you for joining us today for our second quarter 2024 earnings call. Joining me here in Miami are Jason Liberty, our Chief Executive Officer; Naftali Holtz, our Chief Financial Officer; and Michael Bayley, President and CEO of Royal Caribbean International.

Before we get started, I'd like to note that we will be making forward-looking statements during this call. These statements are based on management's current expectations and are subject to risks and uncertainties. A number of factors could cause actual results to differ materially from our current expectations. Please refer to our earnings release issued this morning as well as our filings with the SEC for a description of these factors. We do not undertake to update any forward-looking statements as circumstances change.

Also, we will be discussing certain non-GAAP financial measures, which are adjusted as defined, and a reconciliation of all non-GAAP items can be found on our investor website and in our earnings release. Unless we state otherwise, all metrics are on a constant currency-adjusted basis.

Jason will begin the call by providing a strategic overview and update on the business. Naftali will follow with a recap of our second quarter, the current booking environment and our updated outlook for 2024. We will then open the call for your questions.

With that, I'm pleased to turn the call over to Jason.

Jason Liberty

Thank you, Michael, and good morning, everyone. I am proud to share our outstanding second quarter results and the continued upward trajectory of our business. As you saw in the press release this morning, our momentum continues. Demand for the incredible experiences our leading brands deliver continue to be robust. As a result, we achieved Trifecta 18 months early. We are reinstating a dividend, and we are raising our full year guidance.