Adjusted net income was $91.2m, or 40 cents per share. This topped Wall Street's 37-cent expectation, NCLH guidance of 36 cents and the $86.7m, or 38 cents per share, a year ago.
GAAP net income was $61.9m, or 27 cents per share, compared to 32 cents in Q1 2016.
Total revenue increased 6.8% to a record $1.2bn. This was mainly due to the additions of Oceania Cruises' Sirena and Regent Seven Seas Cruises' Seven Seas Explorer, partially offset by five drydocks. Net yield rose on strength in ticket pricing and higher on-board and other revenue. Adjusted net yield improved 5.5% in constant currency and 4.9% on an as-reported basis.
'2017 is off to a solid start,' according to Frank Del Rio, president and ceo, NCLH. 'The operating environment has remained favorable with strong close-in demand for Caribbean sailings and strength in on-board revenue driving top-line growth above expectations,' he said.
'A strong end to the most successful wave season in recent history resulted in a meaningful improvement in our full-year booked position, with both occupancy and pricing now well ahead of prior year,' added Wendy Beck, evp and cfo.
The strong performance in the company's core markets and reflected in Q1 results also extended to booked business in future quarters, allowing NCLH to increase its full-year adjusted EPS and adjusted net yield growth guidance.
'This positive momentum has been partially offset by recent uncertainties in Norwegian Joy's Chinese source market caused by the South Korea travel restriction,' Beck continued. 'Taking all factors into account, we are on track to deliver another year of solid financial performance and double-digit adjusted EPS growth.'
NCLH increased its full-year adjusted net yield projection by 100 basis points, to up 2.75% in constant currency.
2017 adjusted earnings per share are now expected to be in the range of $3.79 to $3.89, up from previous guidance of $3.75 to $3.85 and compared to the consensus forecast of $3.84.
Q2 adjusted EPS is projected as approximately 95 cents, in line with the consensus expectation of 94 cents.
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