NASDAQ$OSW

OneSpaWorld Holdings Limited · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

OneSpaWorld reported record results driven by strong performance and scaling impact of growth drivers.

OneSpaWorld announced record second quarter fiscal 2024 results with total revenues of $224.9 million, income from operations of $18.8 million, and adjusted EBITDA of $27.1 million. The company increased its fiscal year 2024 revenue guidance to $870 - $890 million and adjusted EBITDA guidance to $102 - $108 million.

  • Total revenues increased by 12% to a record $224.9 million compared to the second quarter of 2023.
  • Income from operations increased by 40% to a record $18.8 million compared to the second quarter of 2023.
  • Adjusted EBITDA increased by 25% to $27.1 million compared to the second quarter of 2023.
  • Unlevered after-tax free cash flow increased 18% to $23.8 million compared to the second quarter of 2023.

Headline financials

Total Revenue

$225M

Previous: $201M+12.2%
EPS

$0.15

Previous: $0.15+0.0%
Adjusted EBITDA

$27.1M

Previous: $21.6M+25.5%
Period End Ship Count

197

No prior period
Average Ship Count

188

No prior period
Avg Weekly Revenue/Ship

$88K

No prior period
Avg Rev/Staff/Day

$586.00

No prior period
Revenue Days

17.1K

No prior period
Period End Resort Count

52

No prior period
Average Resort Count

52

No prior period
Avg Weekly Revenue/Resort

$14K

No prior period
Capital Expenditures

$1.12M

No prior period
Free Cash Flow

$15.8M

Previous: -$3.18M+596.0%
Net Income

$15.8M

Previous: -$3.18M+596.0%
Operating Income

$18.8M

Previous: $13.4M+40.2%
Gross Profit

$225M

Previous: $201M+12.2%
Cash & Equivalents

$62.5M

Previous: $28.8M+117.1%
Total Assets

$757M

Previous: $714M+6.0%
Stock-Based Comp

$2.09M

Previous: $2.26M-7.2%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$225M

Q2 2024+12.2%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

OneSpaWorld · $216M total across 2 segments · Q3 2023

  • Service revenues
    $176M+32.4%
  • Product revenues
    $40.4M+37.0%

Forward guidance

OneSpaWorld provided guidance for Q3 2024 and Fiscal Year 2024. They expect Q3 2024 revenues of $235-240 million and Adjusted EBITDA of $27-29 million. For the full year 2024, they anticipate revenues of $870-890 million and Adjusted EBITDA of $102-108 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.7%

Avg return

30 days after

42%

14 / 33 earnings

Positive

+16.8%

Q1 2024

Best reaction

-10.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.5%-1.3%-0.1%
Q4 2025-4.8%-7.4%-10.3%
Q3 2025+3.0%+8.4%-4.1%
Q1 2025-5.3%+3.9%+6.9%
Q4 2024+0.6%-17.6%-23.4%
Q3 2024+0.3%+0.3%+8.8%
Q2 2024-5.2%-10.0%-5.4%
Q1 2024+16.8%+15.7%+22.2%
Q4 2023-7.1%-7.7%-5.7%
Q3 2023+1.0%+4.4%+16.7%
Q2 2023-4.0%-5.1%-8.1%
Q1 2023-3.2%-4.5%-12.5%
Q4 2022+8.5%+9.2%+7.1%
Q3 2022+4.8%+10.4%+13.7%
Q2 2022+13.2%+16.9%+15.4%
Q1 2022-6.9%-14.4%-7.2%
Q4 2021+5.3%-1.5%+6.2%
Q3 2021+11.4%+12.5%-14.4%
Q2 2021+6.2%+2.2%+2.6%
Q1 2021+0.8%+8.4%+11.6%
Q4 2020-0.5%-3.1%-1.9%
Q3 2020-10.7%-5.9%+2.0%
Q2 2020-9.4%-8.9%+16.9%
Q1 2020-4.6%+10.4%+15.9%
Q4 2019-1.3%-1.4%-66.7%
Q3 2019-6.9%-6.0%-0.4%
Q2 2019-0.8%-1.1%+5.2%
Q1 2019-1.9%-2.3%-5.6%
Q4 2018+0.1%-1.6%-8.5%
Q3 2018+0.0%+0.0%+0.4%
Q2 2018+0.0%+0.4%+0.1%
Q1 2018+0.0%+0.1%+0.5%
Q4 2017+0.0%+0.0%+0.0%
Q3 2017
Q2 2017
Q1 2017

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