In its first earnings report since going public last month, Norwegian Cruise Line said its net income was $168.6 million in 2012, up from $126.9 million a year earlier.
Revenue rose 2.6% to $2.28 billion.
"We are very pleased to begin our journey as a public company by posting strong results for 2012," CEO Kevin Sheehan said.
Norwegian forecast its 2013 earnings would come in between $214 million and $250 million.
Results for 2012 include a $4.5 million charge for compensation to a former CEO without which 2012 net income would have been $173.1 million.
Fourth-quarter net income was $1.1 million compared to a loss of $1.9 million a year earlier. Without the effect of the compensation charge, net income would have been $5.6 million in the fourth quarter.
Revenue in the fourth quarter grew 3% to $503.2 million.
Norwegian will hold a conference call at 10 a.m. Feb. 12 to discuss the results. Follow Tom Stieghorst on Twitter @tstravelweekly.