Carnival says Baltimore bridge collapse could bring up to $10M earnings impact in 2024 [FOX Business Network]
Carnival Corporation (CCL)
Last carnival corporation earnings: 4/3 12:51 pm
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Source: FOX Business Network
Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings. The cruise line operator told shareholders it could see a "current estimated impact of up to $10 million on both adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] and adjusted net income for the full year 2024." The bridge fell into the Patapsco River near Baltimore early Tuesday morning. Its collapse stemmed from a large container ship striking one of its support columns. The nearby Port of Baltimore has experienced some disruptions due to the Francis Scott Key Bridge incident, halting vessel traffic "until further notice" though it said Tuesday "trucks are being processed within our marine terminals" still. Carnival, which sails out of the Baltimore port for certain cruises, said it did not incorporate the $10 million estimated impact in its 2024 outlook "given the timing of yesterday's event in Baltimor
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News
- Why Is Carnival (CCL) Down 7.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Florence in California: Carnival launches new Italian-style cruise ship [USA TODAY]USA TODAY
- Carnival Corporation & plc Announces Closing of €500 Million 5.75% Senior Unsecured Notes Offering and Repricing of Senior Secured First Lien Term Loan B Facilities as Part of Ongoing Debt and Interest Expense Reduction [Yahoo! Finance]Yahoo! Finance
- Carnival Corporation & plc Announces Closing of €500 Million 5.75% Senior Unsecured Notes Offering and Repricing of Senior Secured First Lien Term Loan B Facilities as Part of Ongoing Debt and Interest Expense ReductionPR Newswire
- Princess Cruises Unveils Exclusive New Sanctuary Collection Aboard Sun Princess and Star PrincessPR Newswire
CCL
Earnings
- 3/27/24 - Beat
CCL
Sec Filings
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- CCL's page on the SEC website