July 28, 2017 11:51 AM ET

Hotels, Restaurants and Leisure

Company Overview of Carnival Corporation & plc

Company Overview

Carnival Corporation & Plc operates as a leisure travel company. It operates approximately 100 cruise ships under the Carnival, Princess Cruises, Holland America Line, Seabourn, Costa, AIDA, P&O Cruises, Cunard, and P&O brand names. The company also provides vacations to various cruise destinations, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. Carnival Corporation & Plc sells its cruises primarily through travel agents and tour operators. It operates in North America, Continental Europe, the United Kingdom, Australia, Asia, and internationally. Carnival Corporation & Plc is headquartered in Miami, Florida.

3665 NW 87th Avenue

Miami, FL 33178

United States

97,200 Employees





Key Executives for Carnival Corporation & plc

President, CEO & Director
Age: 62
CFO & Chief Accounting Officer
Age: 59
Group CEO of Costa Group & Carnival Asia
Age: 53
Chief Executive Officer of Carnival Australia
Age: 63
Chief Executive Officer of Holland America Group
Age: 58
Compensation as of Fiscal Year 2017.

Carnival Corporation & plc Key Developments

Carnival Corporation & plc Names Jason Glen Cahilly to Board of Directors; Announces Quarterly Dividend, payable on September 15, 2017

Carnival Corporation & plc announced that on July 18, 2017, Jason Glen Cahilly, former chief strategic and financial officer of the National Basketball Association, has been appointed to the company's boards of directors, effective immediately. Cahilly, a seasoned executive with more than 20 years of financial experience in the sports, communications, media and entertainment industries, will serve in a non-executive capacity on Carnival Corporation's 11-member boards of directors. He will also serve on the Audit Committees. Most recently Cahilly served as chief strategic and financial officer of the NBA, where he was responsible for setting strategic priorities and direction globally. Carnival Corporation & plc also announced that it has declared a quarterly dividend of $0.40 per share. The company's boards of directors approved a record date for the quarterly dividend of August 25, 2017, and a payment date of September 15, 2017.

Carnival Corporation & plc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended February 28, 2017; Provides Earnings Guidance for the Second Quarter and Full Year 2017

Carnival Corporation & plc reported unaudited consolidated earnings results for the first quarter ended February 28, 2017. For the quarter, the company reported net income of $352 million, or $0.48 diluted EPS compared to $142 million, or $0.18 diluted EPS. Adjusted net income was $279 million, or $0.38 adjusted EPS, compared to $301 million, or $0.39 adjusted EPS, for the first quarter of 2016. Adjusted net income excludes unrealized gains and losses on fuel derivatives and other net charges, totaling $73 million in gains for the first quarter 2017 and $159 million of losses for the first quarter 2016. Revenues were $3.8 billion were higher than the $3.7 billion in the prior year. Performance was driven by increased demand, particularly for core Caribbean itineraries, leading to higher year-over-year ticket prices which enabled to overcome the significant negative impact of both fuel and currency to exceed the high end of guidance range. Operating income was $368 million against $434 million a year ago. Income Before Income Taxes was $354 million against $143 million a year ago. Cash from operations was $932 million against $798 million a year ago. Capital expenditures were $412 million against $330 million a year ago. The company provided earnings guidance for the second quarter and full year 2017. Second quarter constant currency net revenue yields are expected to be up approximately 2.5% to 3.5% compared to the prior year. The company expects adjusted earnings per share for the second quarter 2017 to be in the range of $0.43 to $0.47. The company expects full year 2017 net revenue yields in constant currency to be up approximately 3% compared to the prior year, better than December guidance of up approximately 2.5%. Adjusted EPS is expected to be in the range of $3.50 to $3.70.

Carnival Corporation & plc Expands its First and Most Technologically Advanced Fleet Operations Centers with Opening of New Facility in Seattle

Carnival Corporation & plc announced that it is expanding the commercial maritime industry's first and most technologically advanced Fleet Operations Centers with the opening of a new facility in Seattle. The company's first Fleet Operations Center is located in Hamburg, Germany, with both centers providing real-time support for its 102-ship fleet. A third center will be added to the global network later this year when construction is scheduled to be complete on a facility in Miami at the company's headquarters. The new Fleet Operations Centers utilize a tracking and data-analysis platform that enables real-time information sharing between Carnival Corporation ships and specialized onshore teams designed to support fleet operations. The proprietary system significantly improves communication from ship to shore, providing new capabilities for enhancing the safe passage of ships at sea while improving operational efficiencies and supporting overall environmental initiatives at Carnival Corporation. The advanced system, which initially captures thousands of data points and provides real-time analytics for 28 distinct parameters for navigational safety from each ship, focuses on the following strategic areas to optimize safety, efficiency and overall fleet performance: Nautical Operations & Safety - including the capability to see real-time radar visuals, stability conditions, automation, the Safety Management and Command System, and webcams from each ship, along with GPS location, routing, ship conditions and weather data. Procedural Optimization & Efficiency - including speeds, navigational data and engine conditions. Sustainability - including fuel and energy usage, emissions levels, water and waste management. Utilizing cloud-based technology from Microsoft, this new system – dubbed ‘Neptune’ – has been in use at the Carnival Maritime Fleet Operations Center (FOC) in Hamburg, Germany, as announced in October 2015. Carnival Corporation has been piloting the system with its European cruise line brands in Hamburg and Southampton, England. Based on the system's success, the company will continue rolling out the system this year to further increase the monitoring capability of its ships sailing in the U.S. and Caribbean, through its Fleet Operation Centers in Miami and Seattle. The new Carnival Corporation FOCs will provide an additional layer of support, where the shore-based analytics system will automatically generate alerts to help provide support in addressing any potential safety or weather-related issues across the fleet. Moving forward, the system's ability to process and analyze "big data" in real time will enable Carnival Corporation and its brands to do predictive analysis with the potential to further improve safety and operations. The implementation of the advanced support system is aligned with the company's Arison Maritime Center, home of its Center for Simulator Maritime Training Academy, or CSMART Academy, the world-class maritime training, professional development and research facility in Almere, located just outside Amsterdam in the Netherlands, which currently provides some 6,500 deck and technical officers from the company's 10 global brands with extensive annual training programs.

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