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The Hindu
10 hours ago
- Health
- The Hindu
International Yoga Day observed at CUK
The Central University of Kerala (CUK) celebrated the 11th International Day of Yoga with fervour at its campus in Periya on Saturday (June 21). The programme, organised by the Department of Yoga Studies and aligned with the theme 'Yoga for One Earth, One Health', drew around 300 participants, including faculty, students, staff, and members from nearby institutions. The programme was presided over by Vice-Chancellor Prof. Siddu P. Algur. In his presidential address, Prof. Algur underscored CUK's unwavering commitment to commemorating International Yoga Day over the past eleven years. He also referred to the large-scale national and global celebrations of Yoga Day - including the Common Yoga Protocol being performed at over one lakh locations, the Yoga Bandhan initiative, the ten signature events, and the Yoga Sangam, all of which reflect the rising international acceptance and integration of yoga as both a health discipline and cultural heritage. Chief guest Prof. K. Krishna Sharma, former Professor at the Department of Human Consciousness and Yogic Sciences, Mangalore University, delivered the Yoga Day message. He highlighted scientific research supporting yoga's role in enhancing mental clarity, emotional regulation, and physical health, emphasising meditation as a core practice for inner transformation and awareness. The programme featured yoga practices and cultural performances. Participants engaged in the Common Yoga Protocol, including asanas, pranayama, and meditation, followed by the Yoga Pledge to promote yoga's values. Cultural highlights included artistic yoga demonstrations by Yogasana Bharath, a spiritual thread art display, a Bharatanatyam performance, and a dynamic Yoga Dance by Yoga Studies students, showcasing yoga's integration with Indian traditions.
Yahoo
22-03-2025
- Business
- Yahoo
Carnival PLC (CUK) Q1 2025 Earnings Call Highlights: Record Revenue and Strategic Debt ...
Revenue: Achieved first-quarter high-water marks for revenue. EBITDA: Reached $1.2 billion, a near 40% year-over-year increase. Net Income: Exceeded guidance by more than $170 million. Yield Increase: 7.3% increase, surpassing yield guidance. Operating Income: Nearly doubled for the quarter. Operating and EBITDA Margins: Improved over 400 basis points year over year. Customer Deposits: Up over $300 million versus the prior year. Interest Expense: Favorability of $13 million due to refinancing efforts. Debt Refinancing: Refinanced $5.5 billion of debt, reducing interest expense by $145 million annually. Total Debt: Reduced by $0.5 billion, ending the quarter with $27 billion. Cash Interest Rate: Reduced to 4.6%. Warning! GuruFocus has detected 6 Warning Signs with CUK. Release Date: March 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Carnival PLC (NYSE:CUK) achieved a robust 7.3% yield increase, surpassing their yield guidance. Operating income nearly doubled for the quarter, with EBITDA reaching $1.2 billion, marking a 40% year-over-year increase. The company raised its full-year earnings guidance by $185 million due to strong first-quarter results. Carnival PLC (NYSE:CUK) is on track to meet its 2026 financial targets a year early, with ROIC expected to hit 12%. The company has successfully refinanced $5.5 billion of debt, reducing interest expenses and improving leverage metrics. Despite strong performance, Carnival PLC (NYSE:CUK) acknowledges heightened macroeconomic and geopolitical volatility. There are increased dry-dock costs due to unplanned dry docks, impacting cruise costs. The company faces challenges in maintaining yield improvements amidst global economic uncertainties. Carnival PLC (NYSE:CUK) has limited capacity growth, which could constrain future revenue expansion. The sale of Seabourn Sojourn, while financially beneficial, reduces the fleet size of the Seabourn brand. Q: Can you provide more color on consumer demand trends since the 4Q period? A: Josh Weinstein, CEO, noted that wave season was a success, setting a record for bookings for future years. They entered wave season with historic occupancy and pricing, which they used to their advantage, resulting in strong Q1 yields and maintaining yield guidance for the rest of the year over 4%. Q: You beat Q1 by $165 million but raised guidance by only $100 million. Can you clarify the impact of ALBDs and dry docks on this? A: David Bernstein, CFO, explained that the flow-through to the year was due to yield improvements and $100 million in interest expense savings. The cost was mostly timing-related, with some permanent savings offset by reduced ALBDs due to extra dry docks. Q: Are there any differences in consumer booking behavior between Europe and America, or between drive-to and fly-to markets? A: Josh Weinstein, CEO, stated that European brands have been outperforming, driven by structural improvements. The portfolio approach allows them to cater to different consumer preferences across regions, with no significant differences in booking behavior noted. Q: How do you perceive the industry's willingness to hold price if consumer demand slows? A: Josh Weinstein, CEO, emphasized that Carnival is focused on executing its strategy, resulting in strong bookings and visibility. With no capacity growth, they are in a favorable position, and the industry overall is on solid ground with good leaders. Q: Are there any forward indicators of consumer sentiment beyond bookings and onboard spend? A: Josh Weinstein, CEO, mentioned that cancellations are consistent, and there are no other significant indicators to flag. They are confident in their guidance and ability to deliver results despite global volatility. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
