Business
OneSpaWorld Reports Record Q4 Revenue, Income from Operations and Adjusted EBITDA with FY’22 Results Above Guidance
Record Fourth Quarter Revenue of $169 Million, Income from Operations of $10.7 Million and Adjusted EBITDA of $20.7 Million Fiscal Year 2022 Revenues of $546
About this update from Onespaworld Holdings Limited
[{"type":"text","content":"\nRecord Fourth Quarter Revenue of $169 Million, Income from Operations of $10.7 Million and Adjusted EBITDA of $20.7 Million\n\nFiscal Year 2022 Revenues of $546 Million, Income from Operations of $15.1 Million and Adjusted EBITDA of $50.4 Million\n\nIntroduces First Quarter 2023 Guidance of $170 to $175 Million in Revenue and $16 to $18 Million in Adjusted EBITDA\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 on-board cruise ships and in destination resorts around the world, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022.\n\nLeonard Fluxman, Executive Chairman, Chief Executive Officer and President of OneSpaWorld, commented: “I am pleased to report a strong finish to an excellent year resulting in the highest quarterly revenue, income from operations and Adjusted EBITDA delivery in our history, clearly demonstrating that the strategies we implemented during the pandemic led to a successful return to normalized operations. I would like to thank our entire organization for their contributions throughout the year. Continued innovation in our products and services contributed to our achievement of double-digit increases across our key operating metrics. These efforts drove outstanding performance for the year that included a nearly threefold increase in revenue and a more than threefold increase in Adjusted EBITDA compared to fiscal year 2021.”\n\n“Notwithstanding certain economic headwinds, our positive performance has continued in the first quarter of fiscal 2023, reflecting our outstanding guest services and products offerings, buoyed by heightened consumer demand for hospitality travel experiences. With our full fleet of cruise ships finally sailing, and ten new builds commencing voyages this year, we expect fiscal 2023 to be another year of accomplishment and increasing value for OneSpaWorld shareholders,” concluded Mr. Fluxman.\n\nStephen Lazarus, Chief Financial Officer and Chief Operating Officer of OneSpaWorld, added, “Our operating strategies and tactics have driven consistently increasing free cash flow, a strengthening balance sheet and year-end total liquidity of $53.3 million. In the fourth quarter, we repaid $10.0 mil...