Business
OneSpaWorld Reports Third Quarter Fiscal 2023 Results
Total Q3 Revenues of $216.3 Million, Income from Operations of $17.0 Million and Adjusted EBITDA of $24.9 Million Introduces Q4 2023 Guidance for Revenues of
About this update from Onespaworld Holdings Limited
[{"type":"text","content":"\nTotal Q3 Revenues of $216.3 Million, Income from Operations of $17.0 Million and Adjusted EBITDA of $24.9 Million\n\n\nIntroduces Q4 2023 Guidance for Revenues of $193 - $198 Million and Adjusted EBITDA of $20 - $22 Million\n\n\nIncreases Fiscal 2023 Revenues Guidance to $792 - $797 Million from $770 - $790 Million\n\n\nIncreases Fiscal 2023 Adjusted EBITDA Guidance to $86 - $88 Million from $80 - $86 Million\n\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 its third quarter and first nine months of fiscal 2023, ended September 30, 2023.\n\n\nLeonard Fluxman, Executive Chairman, Chief Executive Officer and President of OneSpaWorld, commented: “We delivered an excellent third quarter, continuing our strong performance from the first half of the year across substantially all key financial metrics, resulting in a 33% increase in total revenues to a record $216.3 million; a 72% increase in income from operations to a record $17.0 million; and a 36% increase in adjusted EBITDA to a record $24.9 million compared with the third quarter of 2022. Based on our continuing momentum and positive outlook, we are again increasing our expectations for fiscal 2023 total revenue and adjusted EBITDA, as we leverage our advantageous business model, unique operating capabilities and the discipline and passion with which our team operates. I thank all of our associates for their steadfast contributions and commitment to achieving the operational excellence evidenced by our year-to-date results.”\n\n\n“The quarter included ongoing success of our strategic initiatives to drive revenue and earnings growth, leveraging our unique operating platform,” Mr. Fluxman continued. “Key initiatives included further enhancements and innovations of our service and product offerings and resourcing our cruise ship and destination resorts teams to deliver outstanding guest experiences; empowering our cruise ship, destination resorts and corporate teams to provide unsurpassed service to our cruise line and destination resort partners; and deploying enhanced technologies and operating protocols to drive efficiencies ...