Carnival Corporation & plc (CCL) CEO Arnold Donald on Q2 2022 Results - Earnings Call Transcript

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Q2: 2022-06-24 Earnings Summary

EPS of -$1.64 misses by $0.49
 | Revenue of $2.40B (4,702.00% Y/Y) misses by $360.07M

Carnival Corporation & plc (NYSE:CCL) Q2 2022 Earnings Conference Call June 24, 2022 10:00 AM ET

Company Participants

Arnold Donald - President & CEO
Josh Weinstein - Chief Operations Officer
David Bernstein - CFO & CAO

Conference Call Participants

Steven Wieczynski - Stifel, Nicolaus & Company
Robin Farley - UBS
Jaime Katz - Morningstar
Charles Scholes - Truist Securities
Daniel Politzer - Wells Fargo Securities
James Hardiman - Citigroup
Assia Georgieva - Infinity Research

Arnold Donald

Good morning, and welcome to our business update conference call. I am Arnold Donald, President and CEO of Carnival Corporation & plc. I'm joined today telephonically by our Chairman, Micky Arison, who is in Europe. And here with me in Miami, David Bernstein, our Chief Financial Officer; Beth Roberts, Senior Vice President, Investor Relations; and as part of our previously announced transition, our Chief Operations Officer, Josh Weinstein. Thank you all for joining us this morning.

Now before I begin, please note that some of our remarks on this call will be forward-looking. Therefore, I must refer you to the cautionary statement in today's press release.

This is my final business update as CEO. While very disappointingly, our share price unfortunately reflects the current market conditions, I am nonetheless very proud of all that the team has accomplished over the last 9 years. I am especially proud of how well we have collectively overcome what seemed like insurmountable obstacles at times these last few years.

And I remain very excited about our future. With cash from operations now turning positive, we have reached an inflection point and, in fact, turned the corner and are headed on a positive trajectory. I'm not only excited about, I am also very confident in the future of our company, and I'm looking forward to its continuous success. I strongly believe in this team and we are

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