Businessweek

Royal Caribbean announced that Brian Rice, Vice Chairman and CFO of Royal Caribbean Cruises Ltd., will transition his CFO responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. Rice will continue to serve as Vice Chairman until his retirement, overseeing Royal Caribbean's finance, supply chain, strategy and information technology functions. Rice has been with Royal Caribbean for more than 20 years, serving as CFO since 2006 and Vice Chairman since 2012. In a related move, Jason Liberty has been named the new CFO, effective immediately, and will continue to report to Rice. Liberty joined Royal Caribbean in 2005 and most recently served as Senior Vice President, Strategy and Finance, overseeing the company's Corporate and Strategic Planning, Treasury, Investor Relations and Internal Audit functions. Before joining Royal Caribbean, Liberty was a senior manager at the accounting firm KPMG. Additionally, Henry Pujol has been named Senior Vice President and Controller, and in his new role will report to Liberty. Pujol joined Royal Caribbean in 2004 as Assistant Controller and was promoted to Vice President, Corporate Controller in 2008. Before joining Royal Caribbean, Pujol was a senior manager in the audit practice of KPMG.

The Board of Directors of Royal Caribbean Cruises Ltd. declared a quarterly dividend of $0.12 per share payable on June 04, 2013, to shareholders of record at the close of business on May 21, 2013.

Royal Caribbean Cruises Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total revenues were $1,911.2 million compared with $1,834.5 million a year ago. Operating income was $165.6 million compared with $135.4 million a year ago. Net income was $76.2 million or $0.35 per diluted share compared with $46.96 million or $0.21 per diluted share a year ago. Net cash provided by operating activities was $241.3 million compared with $215.2 million a year ago. Purchases of property and equipment were $178.4 million compared with $177.2 million a year ago. As on March 31, 2013, the company's net debt was $8,251.1 million. For the full year 2013, the company's earnings per share are expected to be within a range of $2.30 to $2.50. The company expects depreciation and amortization in the range of $750 million to $770 million and interest expense, net in the range of $325 million to $340 million. Based upon current ship orders, the company’s projected capital expenditures for 2013 of $700 million. The company expects that second quarter of 2013 earnings will be in the range of $0.10 to $0.15 per share. The company expects depreciation and amortization in the range of $183 million to $193 million and interest expense, net in the range of $79 million to $89 million. Based upon current ship orders, projected capital expenditures for 2014, 2015 and 2016 are $1.2 billion, $1.2 billion and $1.3 billion, respectively.

Royal Caribbean Cruises Ltd., Q1 2013 Earnings Call, Apr 25, 2013

Royal Caribbean Cruises Ltd. announced that they will report Q1, 2013 results on Apr 25, 2013