Higher Revenues Boost Royal Caribbean’s Q2 Earnings

first_imgMiami-based cruise major Royal Caribbean Cruises closed the quarter ended June 30, 2019, with record second-quarter earnings.US GAAP net income for the quarter was USD 472.8 million, compared to USD 466.3 million posted in Q2 2018.In addition, adjusted net income stood at USD 532.7 million in the second quarter of 2019, against USD 482.2 million seen in the corresponding three-month period a year earlier.As explained, the improvement over last year was mainly driven by increased revenue from Royal Caribbean’s global brands. “We are elated to see our brands executing so effectively, keeping our business in an exceptionally strong position,” Richard D. Fain, chairman and CEO, pointed out.The overall positive results were achieved despite the United States’ decision to ban cruise ships from docking in Cuba, preventing group tours and cruise ship stops to the island nation.“Better demand for onboard experiences as well as strong close-in demand for our core products fully offset the impact from the travel restrictions to Cuba which equated to 30 basis points for the quarter,” according to the company.Due to an increase in costs related to the travel restrictions to Cuba, current fuel pricing, as well as other factors, Royal Caribbean estimates 2019 adjusted EPS to be in the range of USD 9.55 to USD 9.65 per share.“The company’s booked position for the remainder of 2019 continues to set new records with all core products in line or ahead of the company’s previous expectations,” Jason T. Liberty, executive vice president and CFO, commented. “While it is too early to provide detailed color on 2020, we are delighted that bookings are already off to a very strong start.”Royal Caribbean Cruises controls and operates four brands including Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. It is also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros. Together, these brands operate a combined total of 63 ships with an additional 13 on order as of June 30, 2019.last_img read more

Bubak is best on opening night at RaceSaver Nationals

first_imgBy Greg Soukup Eighty-nine IMCA RaceSaver Sprint Car teams from 14 states saw action on opening night at Eagle Raceway.  EAGLE, Neb. (Aug. 30) – His Friday night qualifying feature win earned Jake Bubak $700 and the pole start for Sunday’s RaceSaver Nationals main event. Jake Bubak earned opening night RaceSaver Nationals qualifying feature honors at Eagle Race­way. (Photo by Joe Orth) Bubak stretched his lead to six car lengths by lap 14 but he could not shake Martin completely. Martin managed to close on him in heavy lapped traffic as the race went the rest of the way cau­tion free but could not catch him.  Johnson led lap one of the qualifier with Bubak, Martin and Luke Cranston close behind.  “I knew that there were some really good drivers starting up there. Jason was our biggest worry,” Bu­bak said. “Once I got to the lead the car was really good. I could move around and go wher­ever I wanted to. I just picked the line that I felt most comfortable with and it worked out.” Cole Krichau was the Mach-1 Sport Compact winner.center_img Bubak came home first, Martin second, Johnson third and Cranston fourth. Cranston was disquali­fied in post-race tech for illegal fuel, moving Grossenbacher up to fourth.  Bubak took advantage of a lap two restart and snagged the lead while Martin passed Johnson the next time around. The track was lightning fast as the leaders jumped to the high side and began to pull away from the pack.  Chasing Bubak to the stripe and joining him in the first three rows of the main event grid were  Jason Martin, Kaleb Johnson, Trevor Grossenbacher, Anton Hernandez, Ethan Barrow, Jake Mar­tens, Andy Shouse and Justin Clark.  Feature Results RaceSaver Sprint Cars – 1. Jake Bubak Arvada, Colo.; 2. Jason Martin Lincoln; 3. Kaleb John­son, Sioux Falls, S.D.; 4. Trevor Grossenbacher Bennet; 5. Anton Hernandez Arlington, Texas; 6. Ethan Barrow Bloomington, Ind.; 7. Jake Martens Fairview, Okla.; 8. Andy Shouse Oklahoma City, Okla.; 9. Justin Clark, Hamersville, Ohio; 10. Stuart Snyder Lincoln; 11. Kevin Ramey, Fort Worth, Texas’ 12. Dusty Ballenger, Harrisburg, S.D.; 13. Mike Boston Lincoln; 14. Ryan King Ben­net; 15. Claud Estes III, Godley, Texas; 16. Tyler Drueke, Eagle; 17. Adam Gullion, Lincoln; 18. Joey Danley, Lincoln; 19. Cody Ledger, Omaha. Sport Compacts – 1. Cole Krichau; 2. Brian Cronin; 3. Brad Gallagher; 4. Terry Tritt; 5. Shawn Hein; 6. Trenten Fugett; 7. Tim Horsham; 8. Dan Markham; 9. Kyle Owen; 10. Tyler Masek; 11. Michelle Nicholson; 12. Ray Harrington; 13. Drake Bohlmeyer; 14. R.J. Maas; 15. Steffen Oaks; 16. Bryce Walker.last_img read more

Wisconsin bench instrumental in Sunday win

first_imgThe Wisconsin men’s basketball team walked away from the Kohl Center Sunday with a season-opening victory over nonconference foe Southeastern Louisiana, thanks in large part to plenty of help from the bench. Wisconsin (1-0) thumped Southeastern Louisiana (0-1) 87-47, and UW’s bench players pitched in 34 points and 15 rebounds.Lions head coach Jim Yarbrough said he liked the way Wisconsin’s bench approached the game and hopes his team can learn from it.“I was very impressed by how motivated their bench was,” Yarbrough said. “Every kid who came in for them was really motivated to play hard and that’s great commentary and great credit to [UW head] coach [Bo] Ryan. That’s the sort of thing that you try to establish at your own program when you’re building it up, try to get kids to play with that kind of motivation.”Wisconsin’s bench was led by senior forward Mike Bruesewitz, who made a surprisingly quick return to the floor after suffering a severe leg laceration that sidelined him for just more than a month during the preseason.“When you see your bone and a freak thing like that happens, a lot of stuff runs through your head,” Bruesewitz said. “I’m definitely recharged and refocused. I was really excited to come into the season before the injury and now it’s about 10 times more. I was really excited that I got cleared to play today. I was all smiles today and this morning and all through pregame, so I’m really excited to be back. That’s the only way to describe it.”Bruesewitz showed little rust in his first action of the season, as the senior finished the game perfect from field, hitting all three of his shots for 10 points while also collecting three rebounds.Ryan said he knows what Bruesewitz can do for the team and was pleased to have him on the court Sunday.“It’s Mike,” Ryan said of his senior’s strong performance. “Just to see a guy like that back with that kind of experience, it was so obvious in practice on Friday and Saturday what he gives us, so now to have that back, we are very thankful.”Yarbrough joked he was hoping Bruesewitz would not be able to play against Southeastern Louisiana, knowing how big a piece he is for Wisconsin’s team.“I was extremely disappointed to see [Bruesewitz] out there today,” Yarbrough said with a smile. “They have enough weapons without him. He’s so rugged and tough. He was terrific.”UW also saw contributions from several new faces. Freshman forward Sam Dekker took advantage of his 17 minutes on the floor, hitting two three-pointers and finishing the game with eight points and a rebound.The highly-touted freshman received the most game time among bench players, with sophomore guard Traevon Jackson close behind after logging 15 minutes of action. Despite making two of his three long range attempts, Ryan was not happy to see Dekker launching shots behind the three-point arc early in the shot clock.“Sam’s learning what I like and what I think is a good shot, just like everybody else has had to,” Ryan said. “It’s a little different.”Jackson contributed during his time on the court at guard, pitching in with four points, a rebound and an assist.After transferring from the Air Force and sitting out last season, redshirt junior forward Zach Bohannon – the brother of former UW basketball standout Jason Bohannon – made the most of his nine minutes Sunday, racking up five points and five rebounds and hitting all three of his shots on the night. Wisconsin’s bench shot just better than 57 percent from the field, compared to the team total of 52.5 percent, and did not miss a shot from the charity stripe.With more than half of UW’s bench players being underclassmen, Ryan said he is happy with the way the young players preformed but still sees room for improvement.“We’ll take what they give us on the defensive end, rebounding, points, screens,” Ryan said. “It’s about the whole process that matters to us. When we break the film down, I’m sure there are some things where they can improve.”last_img read more