NASDAQ$OSW

OneSpaWorld Holdings Limited · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

OneSpaWorld's third quarter 2024 results were reported, achieving record total revenues, income from operations, and adjusted EBITDA, surpassing expectations. The company increased its fiscal year guidance for revenues and adjusted EBITDA.

OneSpaWorld reported record third-quarter results, with total revenues increasing by 12% to $241.7 million, income from operations increasing by 48% to $25.0 million, and adjusted EBITDA increasing by 33% to $33.0 million. The company also increased its fiscal year 2024 revenue guidance to $888 - $893 million and adjusted EBITDA guidance to $110 - $112 million.

  • Total revenues increased 12% to a record $241.7 million compared to the third quarter of 2023.
  • Income from operations increased 48% to a record $25.0 million compared to the third quarter of 2023.
  • Adjusted EBITDA increased 33% to a record $33.0 million compared to the third quarter of 2023.
  • Unlevered after-tax free cash flow increased 28% to a record $31.0 million compared to the third quarter of 2023.

Headline financials

Total Revenue

$242M

Previous: $216M+11.8%
EPS

$0.20

Previous: $0.22-9.1%
Adjusted EBITDA

$33M

Previous: $24.9M+32.5%
Period End Ship Count

196

No prior period
Average Ship Count

195

No prior period
Avg Weekly Revenue/Ship

$91K

No prior period
Avg Rev/Staff/Day

$602.00

No prior period
Revenue Days

17.9K

No prior period
Period End Resort Count

52

No prior period
Average Resort Count

52

No prior period
Avg Weekly Revenue/Resort

$11.9K

No prior period
Capital Expenditures

$1.11M

No prior period
Free Cash Flow

$21.6M

Previous: $23.4M-7.9%
Net Income

$21.6M

Previous: $23.4M-7.9%
Operating Income

$25M

Previous: $17M+47.5%
Gross Profit

$242M

Previous: $216M+11.8%
Cash & Equivalents

$48.8M

Previous: $26.8M+82.1%
Total Assets

$734M

Previous: $715M+2.7%
Stock-Based Comp

$1.98M

Previous: $2.2M-10.1%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$242M

Q3 2024+11.8%vs Q3 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

The company anticipates revenues between $210 and $215 million and adjusted EBITDA between $25 and $27 million for Q4 2024. The company expects revenues between $888 and $893 million and adjusted EBITDA between $110 and $112 million for fiscal year 2024.

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 Q3 2024

Historical avgQ3 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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