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Dec 31, 2024
OneSpaWorld Q4 2024 Earnings Report
OneSpaWorld reported strong fourth-quarter results, with revenue and income from operations growing year-over-year.
Key Takeaways
OneSpaWorld delivered a solid Q4 FY24, with revenue reaching $217.2 million, an 11% increase compared to Q4 FY23. Income from operations surged 37% to $17.2 million, while adjusted net income per diluted share rose to $0.20. The company also ended the quarter with $58.6 million in cash and reaffirmed its FY25 guidance.
Total revenue increased by 11% to $217.2 million.
Net income was $14.4 million, a significant turnaround from a $7.3 million loss in Q4 FY23.
Adjusted EPS rose to $0.20 per share, up from $0.12 per share last year.
The company ended the quarter with $58.6 million in cash and no outstanding borrowings on its $50 million revolving credit facility.
OneSpaWorld
OneSpaWorld
OneSpaWorld Revenue by Segment
Revenue by Segment
Service revenues Revenue
CapyFin.comProduct revenues Revenue
CapyFin.com Forward Guidance
OneSpaWorld reaffirmed its fiscal year 2025 guidance, projecting revenue growth in the high single digits and adjusted EBITDA growth at the mid-point of the range. The company introduced Q1 2025 guidance with revenue expectations of $215-$220 million and adjusted EBITDA of $25-$27 million.
Positive Outlook
- Revenue guidance for Q1 2025 set at $215-$220 million.
- Adjusted EBITDA for Q1 2025 expected between $25-$27 million.
- Company expects strong growth from new ship wellness centers launching in FY25.
- Full FY25 revenue projected at $950-$970 million.
- Strong liquidity position with $108.6 million in total available cash and credit.
Challenges Ahead
- One fewer operating day in Q1 2025 due to the leap year in FY24.
- Higher number of dry docks expected to impact Q1 2025 revenue by approximately $4.3 million.
- Continued inflationary pressures on operating costs.
- Potential economic headwinds affecting discretionary consumer spending.
- Increased competition in the wellness services market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income