Royal Caribbean Cruises Ltd. ( RCL)

Q4 2010 Earnings Call Transcript

January 27, 2011 10:00 am ET


Brian Rice – EVP and CFO

Richard Fain – Chairman and CEO

Adam Goldstein – CEO and President of Royal Caribbean International

Daniel Hanrahan – President and CEO of Celebrity Cruises


Steven Wieczynski – Stifel, Nicolaus & Co., Inc.

Timothy Conder – Wells Fargo Securities

Robin Farley – UBS

Felicia Hendrix – Barclays Capital

Sharon Zackfia – William Blair & Company

Greg Badishkanian – Citigroup

Assia Georgieva – Infiniti Research

Harry Curtis – Nomura Securities

Janet Brashear – Sanford C. Bernstein

David Leibowitz – Horizon Asset Management



Good morning. My name is Beneda, and I will be your conference operator today. At this time, I would like to welcome everyone to the Royal Caribbean Cruises Ltd. Fourth Quarter Earnings Call. (Operator instructions) Thank you. Mr. Rice, you may begin your conference.

Brian Rice

Thank you, Beneda, and good morning everyone. I'd like to thank each of you for joining us this morning for our fourth quarter earnings call. With me here today are Richard Fain, our Chairman and Chief Executive Officer; Adam Goldstein, President and CEO of Royal Caribbean International; Dan Hanrahan, President and CEO of Celebrity Cruises; and Ian Bailey, our Vice President of Investor Relations.

During this call, we will be referring to a few slides, which we have posted on our website, Before we get started, I would like to refer you to our notice about forward-looking statements. During this call, we will be making comments that are forward-looking. These statements do not guarantee future performance and do involve risks and uncertainties. Examples are described in our SEC filings and other disclosures. Additionally, we will be discussing certain financial measures, which are non-GAAP as defined, and a reconciliation of these items can be found on our website.

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