secwatch.observer — SEC 8-K summary
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Issuer:     ONESPAWORLD HOLDINGS Ltd (OSW)
CIK:        0001758488
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-050882
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpaWorld Q1 revenue $211.2M (+16% YoY); raises FY2024 guidance; approves $50M buyback
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- Q1 total revenue $211.2M (+16% YoY), operating income $17.0M (+52%), adjusted EBITDA $25.3M (+31%).
- FY2024 revenue guidance raised to $860-$880M (from $850-$870M); Adj. EBITDA guidance raised to $95-$105M (from $90-$100M).
- Board approved $50M share repurchase program; company repurchased 606,386 shares for $7.7M in Q1.
- Ended Q1 with 193 ships (avg 188); new exclusive deal with Royal Caribbean/Celebrity Cruises for 40 ships; added Aroya Cruises.
- Cash $66.6M; repaid $20M on term loan; received $51.7M net from warrant conversion; private equity overhang eliminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758488/000095017024050882/0000950170-24-050882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758488/000095017024050882/osw-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050882

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