Hotels, Restaurants and Leisure
Company Overview of Carnival Corporation
Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. The company operates 99 cruise ships. It also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which owns and operates 11 hotels or lodges, approximately 300 motor coaches, and 20 glass-domed railcars. In addition, the company is involved in the leasing of cruise ships. It sells its cruises primarily ...
3655 NW 87th Avenue
Miami, FL 33178
Founded in 1972
Key Executives for Carnival Corporation
Chief Executive Officer, President, Director and Member of Executive Committee
Total Annual Compensation: $1.0M
Chief Financial Officer and Chief Accounting Officer
Total Annual Compensation: $700.0K
Chief Operations Officer
Total Annual Compensation: $825.0K
Chief Executive Officer of Holland America Group
Total Annual Compensation: $825.0K
Chief Executive Officer of Costa Group
Total Annual Compensation: $784.0K
Compensation as of Fiscal Year 2015.
Carnival Corporation Key Developments
Carnival Corporation & plc Declares Quarterly Dividend, Payable on December 16, 2016
Oct 20 16
Carnival Corporation & plc has announced that it has declared a quarterly dividend of $0.35 per share. The company's board of directors approved a record date for the quarterly dividend of November 25, 2016, and a payment date of December 16, 2016.
Carnival Cruise Line Signs Agreement to Expand Terminal Operations at the Port of Long Beach
Oct 17 16
Carnival Cruise Line signed an agreement with landlord Urban Commons and the City of Long Beach, Calif., to expand the Long Beach Cruise Terminal facility to accommodate larger ships in the future and enhance its terminal operations. The deal will nearly triple the size of Carnival's current terminal facility from approximately 66,000 square feet to 142,000 square feet. The agreement gives Carnival 100% use of the Dome, allowing for larger ships and providing additional space needed to accommodate two-way operations, enabling embarking guests to access the terminal prior to completion of disembarkation. Construction is slated to be completed in late 2017. During the construction period, measures will be taken to ensure a continued smooth operational flow and high standard of customer service for cruise guests. Plans also include expansion of portside cold-ironing capacity to accommodate larger vessels. The technology enables cruise ships to plug into the local electric grid and reduce exhaust emissions while docked.
Carnival Corporation & plc Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 31, 2016; Provides Earnings Guidance for the Fourth Quarter of 2016; Revised Earnings Guidance for the Full Year of 2016
Sep 26 16
Carnival Corporation & plc reported unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2016. For the quarter, the company reported revenues of $5,097 million compared to $4,883 million a year ago. Operating income was $1,562 million compared to $1,510 million a year ago. Income before income taxes was $1,465 million compared to $1,250 million a year ago. Net income was $1,424 million or $1.93 per diluted share compared to $1,216 million or $1.56 per diluted share a year ago. Adjusted earnings per diluted share were $1.92 compared to $1.75 a year ago. Cash from operations was $1,429 million compared to $1,281 million a year ago. Capital expenditures were $450 million compared to $324 million a year ago. Adjusted net income of $1.4 billion was higher than adjusted net income of $1.4 billion for the third quarter of 2015.
For the nine months, the company reported revenues of $12,454 million compared to $12,003 million a year ago. Operating income was $2,474 million compared to $2,064 million a year ago. Income before income taxes was $2,215 million compared to $1,528 million a year ago. Net income was $2,171 million or $2.88 per diluted share compared to $1,487 million or $1.91 per diluted share a year ago. Adjusted earnings per diluted share were $2.77 compared to $2.20 a year ago. Cash from operations was $4,110 million compared to $3,567 million a year ago. Capital expenditures were $2,416 million compared to $1,704 million a year ago.
Fourth quarter constant currency net revenue yields are expected to be up approximately 3% compared to the prior year. The company expects adjusted earnings per share for the fourth quarter 2016 to be in the range of $0.55 to $0.59 versus 2015 adjusted earnings per share of $0.50.
The company continues to expect full year 2016 net revenue yields to be up approximately 3.5% compared to the prior year, on a constant currency basis. The company has increased its full year 2016 adjusted earnings per share guidance to be in the range of $3.33 to $3.37, compared to the June guidance range of $3.25 to $3.35 and 2015 adjusted earnings per share of $2.70. The company is well on track to deliver nearly 25% earnings growth in 2016. With cash from operations expected to reach a record $5 billion this 2016, the company continues to fund growth and return cash to shareholders.
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