Alex Planes, The Motley Fool: It’s little surprise that the company has failed to recapture pre-recession highs, as its key metrics look worse than they did before the crash. Free cash flow, again erratic over the five-year period, is up just more than 4% from 2007, although Carnival spent a lot of time in 2009 [...]
Carnival held their annual shareholders meeting in Miami last week and well, it will be one that Carnival plc. CEO Micky Arison will not forget anytime soon. A Miami version of Occupy Wall Street calling themselves 1Miami, came to protest Carnival plc’s corporate tax structure. Carnival is a registered company in Panama but has their [...]
It only took until the second paragraph of Carnival’s latest SEC filing for the word Concordia to be brought up. For the first Quarter Carnival is reporting an expense of $29 million including a $10 million insurance deductible. They also recorded an insurance recoverable of $515 million, which essentially wrote off the value. They deemed [...]
Carnival Corporation & plc announced non-GAAP net income of $216 million, or $0.28 diluted EPS for the fourth quarter of 2011. Reported net income, which includes net unrealized gains on fuel derivatives of $1 million, was $217 million, or $0.28 diluted EPS. Net income for the fourth quarter of 2010 was $248 million, or $0.31 [...]
Carnival Corporation & plc reported net income of $1.3 billion, or $1.69 diluted EPS, on revenues of $5.1 billion for its third quarter ended August 31, 2011. Net income for the third quarter of 2010 was $1.3 billion, or $1.62 diluted EPS, on revenues of $4.5 billion. Carnival Corporation & plc Chairman and CEO Micky [...]
Dominican Republic Tourism has announced the construction of a new $65 million cruise terminal in Maimon. Carnival Corporation will be an investor, according to media reports. Plans call for the terminal to berth two vessels and accommodate around 4,000 passengers at once. The facility will take up 50,000 square meters at Maimon Bay, and is [...]
Carnival Corp. announced 2 newbuild agreements they entered into. The first deal inked with Carnival Favorite Fincanteri, calls for one ship for Italian/European brand Costa Crociere. The unnamed vessel will come in at 132,500grt. making her the largest for Costa and 3rd largest in Carnival Corp (QM2 and Royal Princess are larger). Pax numbers are, [...]
On Tuesday, as the Carnival Imagination was all tied up alongside Key West, she was bumped by the maneuvering Carnival Fantasy. No passengers were injured and the ships sailed safely from the ports. The ships only suffered a minor cosmetic blemish. Still must have been an interesting sight for the passengers. I wonder if anything [...]
Good news CCL stock holders. You are a bit richer today, as Carnival had declared a dividend today of $0.25 / share. The record date will be August 26, 2011, with payment, September 16, 2011.
