OneSpaWorld reports Q3 EPS 16c, consensus 17c

Reports Q3 revenue $216.3M, consensus $210.23M. Leonard Fluxman, Executive Chairman, CEO and President, 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 $216.3M; a 72% increase in income from operations to a record $17.0M; and a 36% increase in adjusted EBITDA to a record $24.9M compared with the Q3 of 2022. Based on our continuing momentum and positive outlook, we are again increasing our expectations for FY23 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.”