Carnival Corporation & plc (NYSE:CCL) Q4 2024 Earnings Conference Call December 20, 2024 10:00 AM ET

Company Participants

Beth Roberts - SVP, IR
Josh Weinstein - CEO
David Bernstein - CFO

Conference Call Participants

Matthew Boss - JPMorgan
Ben Chaiken - Mizuho Securities
Steve Wieczynski - Stifel
Robin Farley - UBS
James Hardiman - Citi
Patrick Scholes - Truist
David Katz - Jefferies
Jaime Katz - Morningstar
Brandt Montour - Barclays

Operator

Greetings, and welcome to the Carnival Corporation & plc Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

It's now my pleasure to turn the call over to Beth Roberts, Senior Vice President, Investor Relations. Please go ahead, Beth.

Beth Roberts

Thank you. Good morning, and welcome to our fourth quarter 2024 earnings conference call. I'm joined today by our CEO, Josh Weinstein; our Chief Financial Officer, David Bernstein; and our Chair, Micky Arison. Before we begin, please note that some of our remarks on this call will be forward-looking. Therefore, I will refer you to the forward-looking statement in today's press release. All references to ticket prices, net per diems, net yields, and adjusted cruise costs without fuel will be in constant currency unless otherwise stated. References to per diems and yields will be on a net basis.

Our comments may also reference cruise costs without fuel, EBITDA, net income, free cash flow and ROIC, all of which will be on an adjusted basis unless otherwise stated. All these references are non-GAAP financial measures defined in our earnings press release. A reconciliation to the most directly comparable U.S. GAAP financial measures and other associated disclosures are also contained in our earnings press release and in our investor presentation. Please visit our corporate website where our earnings press release and investor presentation can be found.

With that, I'd like to turn the call over to Josh.

Josh Weinstein

Thanks, Beth.

We had a strong finish to an incredibly strong year. And right off the bat, I'd like to thank the efforts of our hardworking and dedicated team, the best in all of travel and leisure. They have delivered results that consistently outperformed even my own high expectations. Our global portfolio is clearly firing on all cylinders, and I am very proud of what we've been able to accomplish together.

We delivered another stellar quarter to close out a phenomenal year. In fact, this was our seventh consecutive quarter achieving record revenues alongside favorable forward indicators, like record booking trends and record customer deposits, indicating a continuation of the strong momentum we've been experiencing for the last two years.