Onespaworld Holdings ( (OSW) ) has released its Q4 earnings. Here is a breakdown of the information Onespaworld Holdings presented to its investors.
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OneSpaWorld Holdings Limited is a global leader in health and wellness services, offering premium experiences on cruise ships and in destination resorts worldwide, known for its extensive service range and strong industry presence.
In its latest earnings report, OneSpaWorld announced record financial results for both the fourth quarter and fiscal year 2024, highlighting significant growth in total revenues, income from operations, and adjusted EBITDA. The company also reaffirmed its positive guidance for fiscal year 2025, indicating a strong outlook for continued performance.
Key financial highlights for fiscal year 2024 include a 13% increase in total revenues to $895 million, a 44% rise in income from operations to $78.1 million, and a 26% growth in adjusted EBITDA to $112.1 million. The company also expanded its operations, adding new maritime health and wellness centers and securing a long-term agreement with major cruise lines.
For fiscal year 2024, OneSpaWorld reported a net income of $72.9 million, compared to a net loss in the previous year, driven by increased productivity and strategic initiatives. The company’s liquidity position strengthened, with total cash at $58.6 million and an undrawn $50 million credit facility, positioning it well for future investments and shareholder returns.
Looking ahead, OneSpaWorld’s management anticipates another year of record performance in fiscal 2025, with guidance for revenue between $950 million and $970 million and adjusted EBITDA between $115 million and $125 million, supported by ongoing growth strategies and market expansion.
