Carnival Cruise Lines' (NYSE: CCL) share price is up about 50% for 2024 and rallying in the second half because the business is strong. Details from fiscal 2025 include sustained growth following industry normalization, record results, and improving guidance. Results include healthy cash flow, balance sheet improvements, and an outlook for investment-grade debt quality to be reclaimed. The net result is that financial health is improving and expected to continue improving to the point that dividends may soon be resumed, and with them, share repurchases are both significant catalysts for improving shareholder value.
