OneSpaWorld Announces Revenue Projections for 2024 and 2025
OneSpaWorld Holdings Limited (NASDAQ: OSW), a distinguished leader in health and wellness services, is excited to share its preliminary projections for revenue and Adjusted EBITDA for Fiscal Year 2024, alongside its introduction of guidance for Fiscal Year 2025. This announcement comes ahead of important investor meetings and presentations at notable upcoming industry conferences.
A Strong Finish to Fiscal Year 2024
Executive Chairman and CEO Leonard Fluxman expressed optimism regarding the company’s performance: “Fiscal 2024 finished as strongly as it began, leading to tremendous results for OneSpaWorld. Total revenues and adjusted EBITDA are expected to experience a remarkable increase of 12% and 25% respectively from fiscal 2023, well above our prior guidance. This is the fourth consecutive time we've enhanced our outlook for 2024. Our strong operating platform and the exceptional talents of our team contribute significantly to this success. We anticipate robust cash flow and ongoing value creation for our shareholders moving forward.”
Preliminary Insights for the Fourth Quarter
For the Fourth Quarter, which encompasses the 13-week period ending on December 31, 2024, OneSpaWorld expects the following:
Expanded Revenue Expectations
Total revenues are forecasted to be between $211 million and $216 million. This is an adjustment from the earlier guidance of $210 million to $215 million and represents a 10% growth at the midpoint from fourth quarter fiscal 2023's revenues of $194.8 million.
Estimates for Adjusted EBITDA
Adjusted EBITDA is expected to fall within the range of $25.5 million to $27.5 million, also higher than the prior expectations of $25 million to $27 million, showing a growth of 13% from fourth quarter fiscal 2023.
Looking Ahead at Fiscal Year 2024
As OneSpaWorld looks ahead to 2024, it anticipates:
Total Revenue Projections
The total revenues for the fiscal year are expected to reach between $889 million and $894 million, again above earlier anticipations. This represents a 12% growth from the total revenue of $794 million in fiscal 2023.
Adjusted EBITDA Outlook
For Adjusted EBITDA, the company predicts a range of $110.5 million to $112.5 million, indicating a substantial increase of 25% when compared to the previous year’s adjusted EBITDA of $89.2 million.
Guidance for Fiscal Year 2025
Looking forward, OneSpaWorld is introducing its preliminary guidance for fiscal year 2025, which includes:
Projected Revenue for 2025
Projected total revenues are anticipated to be between $950 million and $970 million.
Expected Adjusted EBITDA for 2025
Adjusted EBITDA is projected to range from $115 million to $125 million, reflecting the company's continuous effort to enhance its operational efficiencies.
Investor Engagement and Transparency
As part of its commitment to transparency, OneSpaWorld is scheduled for a fireside chat presentation at the upcoming industry conference, which is designed to facilitate discussions regarding these financial updates. This presentation will also be available for replays on OneSpaWorld’s investor relations platform for a year following the event.
About OneSpaWorld
Based in Nassau, Bahamas, OneSpaWorld has established itself as one of the largest health and wellness service providers globally. Offering a diverse range of premier health and wellness services across 199 cruise ships and 49 destination resorts, OneSpaWorld stands out in the market due to decades of exceptional service, comprehensive recruitment strategies, and innovative product offerings. The company takes pride in its role in delivering extraordinary experiences to guests while maintaining strong partnerships with cruise lines and resorts.
Frequently Asked Questions
What is OneSpaWorld's projected revenue for 2024?
OneSpaWorld anticipates total revenues in the range of $889 million to $894 million for fiscal year 2024.
What are the Adjusted EBITDA expectations for Fiscal Year 2024?
For fiscal year 2024, OneSpaWorld expects Adjusted EBITDA to be between $110.5 million and $112.5 million.
When will the ICR Conference 2025 take place?
The ICR Conference 2025 is scheduled for January 13, 2025.
What is the revenue forecast for Fiscal Year 2025?
OneSpaWorld projects fiscal year 2025 total revenues to reach between $950 million and $970 million.
What services does OneSpaWorld offer?
OneSpaWorld provides a comprehensive suite of health, wellness, fitness, and beauty services aboard cruise ships and at various resort locations.
