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OneSpaWorld(OSW) - 2025 Q2 - Quarterly Report
2025-07-31 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to Commission File Number: 001-38843 OneSpaWorld Holdings Limited (Exact name of Registrant as Specified in its Charter) Commonwealth of The Bahamas Not Applicable (S ...
OneSpaWorld(OSW) - 2025 Q2 - Earnings Call Transcript
2025-07-30 15:02
Financial Data and Key Metrics Changes - Total revenues increased by 7% to a record $240.7 million compared to $224.9 million in 2024 [6][16] - Income from operations rose by 17% to a record $22.1 million compared to $18.8 million in 2024 [7] - Net income increased by 27% to $19.9 million compared to $15.8 million in 2024 [7][18] - Adjusted EBITDA increased by 13% to a record $30.5 million compared to $27.1 million in 2024 [8][18] - Net income per diluted share was $0.19 compared to $0.15 in 2024 [18] Business Line Data and Key Metrics Changes - The company operated health and wellness centers on 200 ships, with an average ship count of 101 for the quarter, compared to 197 ships and an average count of 188 at the end of 2024 [8] - MediSpa services were available on 147 ships, up from 144 ships at the end of the second quarter of 2024 [10] - Higher value services, including MediSpa, IV therapy, and acupuncture, contributed to sales productivity growth [9] Market Data and Key Metrics Changes - The average guest spend increased by 4%, positively impacting revenue by $8.5 million [17] - Prebooking revenue as a percentage of services remained strong at 23% [11] Company Strategy and Development Direction - The company is focused on expanding higher value services and products, enhancing health and wellness center productivity, and leveraging AI technologies for operational efficiency [9][12][15] - The introduction of seven new health and wellness centers on cruise ships is planned for the second half of the year [12][20] - The company aims to maintain a disciplined execution of its asset-light business model to deliver strong results [13][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's favorable momentum and strong consumer demand, with no deterioration in consumer spending observed in the first half of the year [12][33] - The company expects total revenue for fiscal 2025 to increase in the high single-digit range, with adjusted EBITDA guidance increased to reflect productivity gains [20] Other Important Information - The company ended the quarter with total cash of $36.2 million after paying a quarterly dividend of $4.1 million [19] - Total debt net of deferred financing costs was $96.2 million, down from $98.6 million at the end of 2024 [19] Q&A Session Summary Question: Insights on AI-driven strategies for profitability enhancement - Management discussed initiatives focused on yield improvement and operational efficiency through AI and machine learning, with initial results being optimistic [22][23][24] Question: Revenue guidance maintenance despite strong metrics - Management clarified that the timing of new vessels coming into service in the fourth quarter influenced the decision to maintain revenue guidance [28][29] Question: Consumer state and onboard spending indicators - Management indicated that operational and financial metrics remain positive, reflecting strong consumer demand and spending [32][33] Question: Capital allocation strategy regarding stock repurchases and dividends - Management reiterated a focus on stock buybacks, dividends, and debt repurchase, with an increase in dividends expected next quarter [34][36] Question: Gross margin trends and expectations - Management noted that gross margin remained flat year-over-year, with expectations for EBITDA margin improvement [40][43] Question: Trends in thermal suites and onboard spending behavior - Management confirmed steady demand for thermal suites, with geographic variations in utilization [46] Question: Commentary on new brands and market trends - Management provided insights on the early performance of new brands like Arroya and Mitsui, indicating a need for broader market outreach [48][50] Question: Importance of occupancy to revenue generation - Management acknowledged that while occupancy is important, the quality of passengers and their spending behavior also significantly impacts revenue [53][56] Question: AI's impact on cost efficiencies and revenue opportunities - Management clarified that measurable impacts from AI initiatives are expected to begin in the second quarter of the following year [61]
OneSpaWorld(OSW) - 2025 Q2 - Earnings Call Transcript
2025-07-30 15:00
Financial Data and Key Metrics Changes - Total revenues increased by 7% to a record $240.7 million compared to $224.9 million in 2024 [6][15] - Income from operations rose by 17% to a record $22.1 million compared to $18.8 million in 2024 [7] - Net income increased by 27% to $19.9 million compared to $15.8 million in 2024 [7][18] - Adjusted EBITDA increased by 13% to a record $30.5 million compared to $27.1 million in 2024 [7][18] - Net income per diluted share was $0.19 compared to $0.15 in 2024 [18] Business Line Data and Key Metrics Changes - Health and wellness centers operated on 200 ships, with an average ship count of 101 for the quarter, compared to 197 ships and an average of 188 in 2024 [7] - MediSpa services were available on 147 ships, up from 144 ships at the end of 2024 [10] - Higher value services, including MediSpa, IV therapy, and acupuncture, contributed to sales productivity growth [9] Market Data and Key Metrics Changes - The company experienced a 4% increase in average guest spend, contributing $8.5 million to revenue [16] - Prebooking revenue as a percentage of services remained strong at 23% [11] Company Strategy and Development Direction - The company is focused on expanding higher value services and products, enhancing health and wellness center productivity, and leveraging AI technologies for operational efficiency [12][15] - Plans to introduce health and wellness centers on an additional seven new ship builds in the second half of the year [12] - The company maintains a disciplined asset-light business model to drive profitability and shareholder value [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's favorable momentum and affirmed annual revenue guidance while increasing adjusted EBITDA guidance for 2025 [12][20] - The company remains optimistic about consumer spending and demand on board, with no signs of deterioration in the first half of the year [35][36] Other Important Information - The company ended the quarter with total cash of $36.2 million after paying a quarterly dividend of $4.1 million [19] - Total debt was $96.2 million at quarter end, down from $98.6 million at the end of 2024 [19] Q&A Session Summary Question: Strategies for enhancing profitability - Management discussed AI-driven initiatives focused on yield improvement and operational efficiency, with expectations for material improvements over time [22][23][25] Question: Revenue guidance maintenance - Management explained that the timing of new vessels coming into service in the fourth quarter influenced the decision to maintain revenue guidance [30] Question: State of consumer and onboard spend - Management indicated that operational and financial metrics remain positive, reflecting a strong consumer onboard [34][35] Question: Capital allocation and dividend growth - Management reiterated a focus on stock buybacks, dividends, and debt repurchase, with potential for a dividend increase in the next quarter [36][39] Question: Gross margin trends - Management noted that gross margin was flat year-over-year, with expectations for EBITDA margin improvement [42][45] Question: Thermal suites demand - Management confirmed steady demand for thermal suites, with geographic variations in utilization [48] Question: AI impact on revenue and cost efficiencies - Management clarified that AI initiatives are still in the testing phase, with measurable impacts expected in the future [63] Question: Precruise booking opportunities - Management acknowledged opportunities to improve precruise bookings, emphasizing collaboration with cruise lines [66]
OneSpaWorld (OSW) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2025-07-30 12:55
OneSpaWorld (OSW) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +4.17%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.22, delivering a surprise of +4.76%.Over the last four quarters, the company has su ...
OneSpaWorld(OSW) - 2025 Q2 - Quarterly Results
2025-07-30 11:00
Exhibit 99.1 OneSpaWorld Reports Second Quarter Fiscal 2025 Results Total Revenues of $240.7 Million, Net Income of $19.9 Million and Adjusted EBITDA of $30.5 Million Reaffirms Fiscal 2025 Annual Total Revenues Guidance and Increases Annual Adjusted EBITDA Guidance Introduces Third Quarter 2025 Guidance of $255-$260 Million in Total Revenues and $33-$35 Million in Adjusted EBITDA Board Declares Quarterly Dividend of $0.04 Per Share Nassau, Bahamas, July 30, 2025 - OneSpaWorld Holdings Limited (NASDAQ: OSW) ...
OneSpaWorld (OSW) Is Up 4.98% in One Week: What You Should Know
ZACKS· 2025-07-02 17:05
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: OneSpaWorld (OSW) - OneSpaWorld currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [2][3] - The stock has shown strong performance, with a 4.98% increase over the past week, compared to a 2.69% increase in the Zacks Leisure and Recreation Services industry [5] - Over the last month, OSW shares have risen by 8.19%, outperforming the industry's 4.39% [5] - In the last three months, OSW shares have increased by 38.27%, and by 33.63% over the past year, while the S&P 500 has only moved 10.42% and 14.64%, respectively [6] Trading Volume - OSW's average 20-day trading volume is 571,121 shares, which serves as a price-to-volume baseline for assessing stock momentum [7] Earnings Outlook - Over the past two months, two earnings estimates for OSW have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.97 to $0.99 [9] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, OSW is positioned as a promising investment opportunity with a Momentum Score of B [11]
OneSpaWorld (OSW) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-06-27 14:55
Technical Analysis - OneSpaWorld Holdings Limited (OSW) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - A golden cross occurs when a stock's short-term moving average (50-day) breaks above its long-term moving average (200-day), indicating a potential bullish breakout [2] - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3] Stock Performance - OSW shares have increased by 8% over the past four weeks, indicating positive momentum [4] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for a breakout [4] - Positive earnings outlook for the current quarter is supported by three upward revisions in earnings estimates, with no estimates decreasing in the past two months [4] Investment Consideration - Given the positive technical indicators and the upward movement in earnings estimates, OSW may present a favorable investment opportunity for potential gains in the near future [6]
OneSpaWorld (OSW) Earnings Call Presentation
2025-06-24 15:45
– The Global Health and Wellness Company – INVESTOR PRESENTATION | November 2024 DISCLOSURE & FORWARD-LOOKING STATEMENTS Forward-Looking Statements This Investor Presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may diffe ...
OneSpaWorld(OSW) - 2025 Q1 - Quarterly Report
2025-05-01 20:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number: 001-38843 | PART I - FINANCIAL INFORMATION | | Page 1 | | --- | --- | --- | | Item 1. | Unaudited Financial Statemen ...
OneSpaWorld(OSW) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:02
Financial Data and Key Metrics Changes - Total revenues increased by 4% to $219.6 million compared to $211.2 million in Q1 2024 [7][14] - Income from operations was $16.8 million, including $2.5 million of nonrecurring severance expense, compared to $17 million in Q1 2024 [7][14] - Adjusted EBITDA rose by 5% to $26.6 million, which included $1.1 million of nonrecurring cash severance expense, compared to $25.3 million in Q1 2024 [8][16] - Net income was $15.3 million or $0.15 per diluted share, down from $21.2 million or $0.21 per diluted share in Q1 2024 [15][16] Business Line Data and Key Metrics Changes - Health and wellness centers operated on 199 ships, with an average ship count of 193 for the quarter, compared to 193 ships and an average of 188 ships in Q1 2024 [8][14] - Revenue per passenger per day, weekly revenue, and revenue per staff per day showed growth, driven by staff retention and enhanced sales training [11] Market Data and Key Metrics Changes - Prebooking revenue as a percentage of total revenues remained strong at 23% [12] - Increased prebooking revenues contributed $2.3 million to overall revenue growth [14] Company Strategy and Development Direction - The company aims to invest in cruise line and destination resort partnerships, innovate guest experiences, and enhance productivity [5][7] - New health and wellness centers were introduced on Norwegian Cruise Line's first PRIMA plus class ship, with plans for additional centers on eight new ships [9] - A new $75 million share repurchase program was approved, extending a previous $50 million program, reflecting a commitment to enhance shareholder value [12][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic economic environment and reaffirmed annual guidance [6][7] - Strong bookings and onboard spending from cruise line partners were noted, with consumers prioritizing experiences [7][20] - The company expects high single-digit revenue and adjusted EBITDA growth rates for fiscal 2025 compared to fiscal 2024 [20] Other Important Information - The company reported a strong balance sheet with total cash of $23.8 million after share repurchases and dividend payments [17] - The majority of operations are not impacted by tariffs, as products for cruise ships are held in a free trade zone [19] Q&A Session Summary Question: Understanding spend patterns on board - Management noted that there has been no significant increase in discounting and that spending continues to increase, with high demand for high-end services [25][26] Question: Full year guidance sensitivity - The low end of the guidance range assumes a moderation in spending on board, but there are no indicators suggesting a significant deterioration in spending [28][30] Question: Prebooking trends and cruise lines' willingness to invest - Prebooking remains stable at 23%, with no significant pullback from cruise lines in investing to reduce friction in prebooking engines [35][36] Question: MediSpa performance and potential slowdown - Demand for MediSpa services remains strong, with no early signs of deterioration even in high-end services [45][46] Question: Buyback sensitivity to business softening - The decision to buy back shares is based on stock value rather than business performance, indicating continued buybacks even if business softens [54][55] Question: Impact of tariffs on spending behavior - No changes in spending activity were observed immediately after tariffs were announced, as consumers continued to spend while on vacation [58][60]