OneSpaWorld Holdings Limited (OSW), a provider of health, fitness, beauty, and wellness services, Wednesday reported net income of $21.2 million, or $0.21 per share for the first quarter, compared with net loss of $15.9 million or $0.17 per share in the same quarter a year ago, primarily due to $29.6 million positive change in fair value of warrant liabilities, and $1.7 million decrease in interest expense. Quarterly results surpassed the Street estimates.
Further, OneSpaWorld announced $50 million share repurchase. The company also raised its full-year outlook.
Excluding special items, the company posted earnings of $19.3 million, or $0.19 share, up from $12.3 million, or $0.13 per share last year.
Revenue for the quarter increased 16 percent to $211.2 million from $182.5 million in the previous year.
On average, 4 analysts polled by Thomson-Reuters expected the company to report earnings of $0.17 per share on revenue of $207.72 million for the quarter. Analysts' estimate typically exclude special items.
Additionally, the company announced a share buyback of up to $50 million of shares, which is to be funded through its available cash.
OneSpaWorld now expects full-year revenue to be in the range of 860 million - $880 million, up from the previous guidance of $850 million - $870 million. The consensus estimate stands at 861.13 million.
For the second quarter, the company sees revenue to range between $216 million and $221 million. The Street is looking for $215.75 million.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.