Hotels, Restaurants and Leisure
Company Overview of Carnival Corporation & Plc
Carnival Corporation & Plc, through its subsidiaries, provides cruise vacation services. The company operates cruise lines in North America, Alaska, Italy, France, the United Kingdom, South America, Germany, Southern Europe, Bahamas, the Mediterranean, Hawaii, the Caribbean Islands, Spain, and Australia. The company was founded in 2002 and is based in Miami, Florida.
3665 NW 87th Avenue
Miami, FL 33178-2428
Founded in 2002
Key Executives for Carnival Corporation & Plc
Chief Executive Officer, President and Director
Chief Financial Officer and Senior Vice President
Chief Operations Officer, Chief Executive Officer of Princess Cruises and President of Princess Cruises
Chief Executive Officer of Carnival Australia
Chief Executive Officer of Carnival UK
Compensation as of Fiscal Year 2015.
Carnival Corporation & Plc Key Developments
Carnival Corporation & plc Forms Joint Venture in China with China State Shipbuilding Corporation and China Investment Corporation to Launch Domestic Chinese Cruise Brand
Oct 21 15
Carnival Corporation & plc announced it has formed a joint venture in China that intends to launch the first, multi-ship domestic cruise brand in the Chinese market. Carnival Corporation & plc is partnering with China State Shipbuilding Corporation (CSSC) and China Investment Corporation (CIC) on the new venture aimed at accelerating the development and growth of the overall cruise industry in China, which is expected to eventually become the cruise market in the world. Under the structure of the new joint venture, Carnival Corporation & plc and CSSC plan to purchase and operate cruise ships as part of what is expected to be the first multi-ship fleet sailing for a domestic Chinese cruise brand. Specific fleet details will be announced at a later date, but potential plans could include the purchase of both new and existing cruise ships to homeport in China.
Carnival Corporation & plc Declares Dividend Payable on December 11, 2015
Oct 16 15
Carnival Corporation & plc has announced that it has declared a dividend of $0.30 per share. The company's board of directors approved a record date for the quarterly dividend of November 20, 2015, and a payment date of December 11, 2015.
Carnival Corporation & plc Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015
Jul 11 15
Carnival Corporation & Plc announced unaudited consolidated earnings results for the second quarter and six months ended May 31, 2015. For the quarter, revenues were $3,590 million, operating income was $289 million, income before income taxes was $226 million and net income was $222 million or $0.29 per diluted share against revenues of $3,633 million, operating income of $147 million, income before income taxes of $99 million and net income of $98 million or $0.13 per diluted share for the same period a year ago. Non-GAAP earnings per share-diluted was $0.25 against $0.09 a year ago. Non-GAAP net income was $193 million against $73 million a year ago.
For the six months, revenues were $7,120 million, operating income was $554 million, income before income taxes was $278 million and net income was $271 million or $0.35 per diluted share against revenues of $7,218 million, operating income of $214 million, income before income taxes of $80 million and net income of $78 million or $0.10 per diluted share for the same period a year ago. Non-GAAP earnings per share-diluted was $0.45 against $0.09 a year ago. Non-GAAP net income was $352 million against $70 million a year ago.
The company has increased its full year 2015 non-GAAP diluted earnings per share guidance to be in the range of $2.35 to $2.50, compared to 2014 non-GAAP diluted earnings of $1.93 per share. The company continues to expect full year 2015 net revenue yields on a constant currency basis to be up 3 to 4%, which excludes translational and transactional currency impacts, compared to the prior year (up 2 to 3% on a constant dollar basis compared to the prior year).
Third quarter constant currency net revenue yields are expected to be up 3 to 4% compared to the prior year (up 2 to 3% in constant dollars). Based on the above factors, the company expects non-GAAP diluted earnings for the third quarter 2015 to be in the range of $1.56 to $1.60 per share versus 2014 non-GAAP earnings of $1.58 per share.
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