OneSpaWorld reports Q2 adjusted EPS 15c, consensus 13c

Reports Q2 revenue $200.5M, consensus $188.78M. Leonard Fluxman, Executive Chairman, CEO and President of OneSpaWorld, commented: “We delivered an outstanding quarter, capping off a strong first half of the year and have increased our annual guidance for the second time this year. The quarter was highlighted by better-than-expected performance across key financial metrics, including a 57% increase in total revenues reaching a record $200.5M; a $12.4M increase in income from operations to a record $13.4M and more than doubling adjusted EBITDA to a record $21.6M from the Q2 of 2022. In addition, in recognition of our advantageous operating model, the strength of our innovation, unmatched service levels and differentiated cruise line partnership capabilities, we entered into a new agreement with Crystal Cruises Ltd in the latter part of the quarter to operate health and wellness centers aboard its premier ships.”