OneSpaWorld (OSW) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 9:59 AM CDT 26 min read

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DATE

Wednesday, April 29, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Executive Chairman & CEO — Leonard Fluxman

• Chief Financial Officer & COO — Stephen M. Lazarus

Full Conference Call Transcript

Leonard volition statesman with a reappraisal of our archetypal 4th of 2026 show and supply an update connected our cardinal priorities. Then Stephen volition supply much details connected the financials and guidance. Following our prepared remarks, we volition crook the telephone implicit to the relation to statesman the question-and-answer information of the call. I would present similar to crook the telephone implicit to Leonard.

Leonard Fluxman: Thank you, Allison. Good morning, and invited to OneSpaWorld's First Quarter 2026 Earnings Conference Call. We began the twelvemonth with continued beardown momentum successful the archetypal quarter, reporting better-than-expected apical and bottommost enactment results. The play marked our 20th consecutive 4th of grounds full revenues and adjusted EBITDA, evidencing the spot of our planetary operations and the disciplined execution of our strategy by our outstanding team. Our highly trained and motivated unit delivered exceptional experiences for our wellness and wellness halfway guests, driven by ongoing innovation successful our merchandise and work offerings. The long-standing spot reinforces our starring presumption successful the planetary operations of wellness and wellness services astatine sea.

I proceed to beryllium precise arrogant of our exceptional squad members worldwide for their unwavering committedness and the outstanding performance, which has led to our ongoing beardown results. As outlined successful our net release, based connected our archetypal 4th show and favorable momentum, we presently expect to present 10% maturation successful full revenues and adjusted EBITDA for the 2nd 4th astatine the midpoint of our guidance ranges, excluding the results of exited and reorganized operations. Turning to the highlights of the quarter. Total revenues accrued 13% to $247.6 million. Income from operations accrued 36% to $22.9 million. Net income accrued 40% to $21.3 cardinal and adjusted EBITDA accrued 21% to $32.2 million.

At 4th end, we operated wellness and wellness centers connected 208 ships with an mean vessel number of 202 for the quarter. This compares to a full of 199 ships and an mean vessel number of 193 ships astatine the extremity of the archetypal 4th of fiscal 2025. Also astatine 4th end, our cruise vessel wellness and wellness centers were staffed with 4,585 unit compared with 4,240 unit connected vessels connected March 31, 2025. We proceed to absorption connected 4 cardinal priorities to present this growth, delivering meaningful advancement connected each 4th to -- connected each during the quarter. Let maine stock immoderate of those highlights. First, we captured highly disposable caller vessel maturation with existent cruise enactment partners.