OSW
OneSpaWorld Holdings Limited21.21
+0.07+0.33%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A adds AI, pricing rollout color
Q&A provided light but useful color on AI rollout and consumer strength, largely reaffirming prepared remarks without contradictions. Management held firm that AI benefits exclude current 2026 guidance, promising Q2 specificity; dynamic pricing targets prebooked itineraries (94% of fleet) in back-half. Year-to-date, consumers accept higher net prices despite minor discounting uptick, echoing December rebound from November softness. Leonard confirmed proactive spa menu condensing boosts face/body treatment conversions. Q&A stayed light. Outlook tone confident; investors watch AI quantification next.
Key Stats
Market Cap
2.18BP/E (TTM)
30.30Basic EPS (TTM)
0.70Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
OneSpaWorld drove FY2025 revenues to $961M, up 7% y/y, with fleet expansion to 206 ships, 3% higher guest spend, and 2% more revenue days fueling the gain—yet destination resorts dipped on Asia exits. Q4 repurchases hit $35M across 968k shares at ~$20, dividends rose to $0.05/share, and debt fell to $85M after $15M prepay. Cash from operations topped $83M. Strong maritime momentum persists. Cruise line terminations threaten revenue.
8-K
Record 2025 results, 2026 guidance
OneSpaWorld posted record FY2025 revenues of $961M, up 7%, with Adjusted EBITDA rising 10% to $123.3M despite $5.8M restructuring and impairment hits from exiting Asia resorts and reorganizing UK/Italy ops. Q4 revenues jumped 11% to $242.1M, Adjusted EBITDA 17% to $31.2M. Guidance targets $1.01-1.03B revenue, $128-138M Adjusted EBITDA in 2026. Returned $92.9M to shareholders.
10-Q
Q3 FY2025 results
OneSpaWorld posted Q3 revenues of $258.5M, up 7% y/y from $241.7M, with service revenues climbing 7% to $208.0M and products up 7% to $50.5M, fueled by 4% higher guest spend, new vessel builds, and more revenue days across 199 average ships. Operating income edged up to $26.3M from $25.0M while margins held at 10%, but diluted EPS dipped to $0.23 from $0.20 on buybacks shrinking shares from 105.6M to 103.6M (derived). Cash from operations stayed robust at $63.6M YTD, funding $55.5M share repurchases, $12.4M dividends, and $13.8M term loan paydown to $86.3M (6.2%, due 2029) with $50M revolver dry. Debt covenants met. Cruise itineraries sway yields.
8-K
Record Q3, raised guidance
OneSpaWorld posted record Q3 revenues of $258.5M, up 7%, net income of $24.3M, and Adjusted EBITDA of $35.0M. Cash flow funded $17.6M share repurchases, $11.3M debt paydown, and a dividend hike to $0.05/share. It raised FY2025 guidance to $960-965M revenues, $122-124M Adjusted EBITDA. Strong execution persists.
10-Q
Q2 FY2025 results
OneSpaWorld posted Q2 revenues of $240.7M, up 7% y/y from $224.9M, with service revenues climbing 7% to $193.4M and products up 8% to $47.4M on higher guest spend and fleet expansion to 200 ships. Operating income rose 17% y/y to $22.1M while margins held steady; net income jumped 27% y/y to $19.9M or $0.19 diluted EPS, reconciling to 103.6M shares. Cash fell to $35.0M after $37.9M share repurchases and $8.3M dividends, yet $30.4M operating cash flow exceeded $4.4M capex. Debt dipped to $97.5M term loan (6.2%, due 2029) with $50M revolver available. Shareholder returns accelerate. Cruise itineraries expose revenues to hurricanes.
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