Business
OneSpaWorld Reports Record Fourth Quarter and Fiscal Year 2024 Results
Total Revenues of $217.2 Million, Income from Operations of $17.2 Million and Adjusted EBITDA of $26.7 Million Reaffirms Fiscal Year 2025 Guidance Introduces
About this update from Onespaworld Holdings Limited
[{"type":"text","content":"\nTotal Revenues of $217.2 Million, Income from Operations of $17.2 Million and Adjusted EBITDA of $26.7 Million\nReaffirms Fiscal Year 2025 Guidance\nIntroduces First Quarter 2025 Guidance of $215 to $220 Million in Revenue and $25 to $27 Million in Adjusted EBITDA\nBoard Declares Quarterly Dividend of $0.04 Per Share\n\n NASSAU, Bahamas--(BUSINESS WIRE)--\nOneSpaWorld Holdings Limited (NASDAQ: OSW) (“OneSpaWorld,” or the “Company”), the pre-eminent global provider of health and wellness services and products onboard cruise ships and in destination resorts around the world, today announced its financial results for its fourth quarter and twelve months of fiscal 2024, ended December 31, 2024.\n\nLeonard Fluxman, Executive Chairman, Chief Executive Officer and President, commented: “We delivered a strong finish to an excellent year with fiscal 2024 marking another record for Total revenues, Income from operations and Adjusted EBITDA. Our second consecutive year of record performance continues to evidence the combined power of our global operations, innovation across our business, outstanding team, and strong financial position; all focused on delivering extraordinary experiences for our health and wellness center guests and invaluable service to our cruise line and destination resort partners. I want to especially recognize our dedicated, passionate and enormously capable team whose steadfast commitment and contributions every day produced our robust results.”\n\nMr. Fluxman continued: “Our year was highlighted by Total revenues increasing 13% to $895.0 million, Income from operations increasing 44% to $78.1 million, and Adjusted EBITDA increasing 26% to $112.1 million, compared with our fiscal 2023 prior record levels. Our results reflect increases across all key operating metrics driven by increasing productivity as our team implemented our strategic growth, operating and guest experience initiatives across our business. We added seven new maritime health and wellness centers and entered into a seven-year agreement with Royal Caribbean International and Celebrity Cruises, extending our more than 30-year relationship. And, based on our strong competitive position, balance sheet and outlook, our board approved the initiation of a quarterly cash dividend and share repurchase program. We are equally proud to have published our inau...