Welcome to our dedicated page for Onespaworld Holdings news (Ticker: OSW), a resource for investors and traders seeking the latest updates and insights on Onespaworld Holdings stock.
OneSpaWorld Holdings Limited (NASDAQ: OSW) is a health and wellness services company headquartered in Nassau, Bahamas, with operations onboard cruise ships and at destination resorts around the world. This news page compiles company-issued updates and announcements so readers can follow developments that affect OSW and its role in the cruise industry segment of the international leisure market.
According to its public communications, OneSpaWorld operates health and wellness centers that provide health, wellness, fitness and beauty services, treatments, and products. News about the company frequently covers quarterly and annual financial results, including total revenues, service and product revenues, net income and Adjusted EBITDA, as well as guidance ranges for future periods. These releases often discuss operating metrics such as cruise ship count, destination resort count, guest spend and revenue days.
Investors and observers can also find announcements related to capital allocation, such as quarterly dividend declarations and share repurchase programs, along with information on debt repayment and liquidity. The company’s news flow includes updates on its operating network, including the number of ships and resorts where it runs health and wellness centers, and references to new ship builds and resort locations.
In addition, OneSpaWorld issues news about participation in investor conferences, leadership changes, and reorganization of certain business units. Together, these items provide insight into how the company manages its global operating platform, its relationships with cruise line and destination resort partners, and its strategic priorities. This page offers a centralized view of such announcements for users tracking OSW-related news.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced that its executives, Leonard Fluxman and Stephen Lazarus, have voluntarily surrendered incentive compensation options for 3.4 million common shares. These shares will be reallocated to the company’s 2019 Equity Incentive Plan, which had been depleted. This move aims to motivate and retain talent without diluting existing shareholders. The company is positioned to benefit from improved consumer sentiment and the reopening of travel and tourism.
OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Second Quarter 2021 earnings on August 5th before market open. The Company will host a conference call at 10:00 am ET on the same day to discuss financial results. OneSpaWorld is a leading global provider of health and wellness products and services aboard cruise ships and in resorts, currently operating in 163 cruise ships and 53 resorts. The company has a strong market position in the international leisure market, leveraging over 65 years of experience in service and product innovation.
OneSpaWorld Holdings Limited (NASDAQ: OSW) has announced a secondary public offering of 8,421,053 common shares at $9.50 per share, sold by Steiner Leisure Limited and affiliates. The offering, set to close on June 28, 2021, will not generate proceeds for OneSpaWorld. Additionally, underwriters Stifel and William Blair have a 30-day option to purchase an extra 1,263,158 shares. This offering is part of a shelf registration statement effective since July 22, 2020. Forward-looking statements include potential risks related to market demand and the COVID-19 impact.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced the commencement of an underwritten secondary public offering of its common shares worth $80 million, primarily for selling shareholders, including Steiner Leisure Limited. OneSpaWorld will not receive any proceeds from this offering. The underwriters will have a 30-day option to purchase an additional $12 million. This public offering follows an effective shelf registration statement. Market conditions may affect the actual completion and terms of the offering.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced its participation in two upcoming virtual conferences: The William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 1:40 PM ET, and The Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 9:20 AM ET. Executives Leonard Fluxman and Stephen Lazarus will lead the discussions. Live webcasts will be available on the company’s Investor Relations website, showcasing its leadership in health and wellness services on cruise ships and destination resorts.
OneSpaWorld (OSW) announced its Q1 2021 financial results, reporting total revenues of $5.6 million, a sharp decline from $114.3 million in Q1 2020 due to the ongoing impact of the COVID-19 pandemic. The company experienced a net loss of $45.6 million, improved from a loss of $148.4 million the previous year. As of March 31, 2021, liquidity was $65.7 million, bolstered by an $18.5 million equity offering. Although operating metrics are improving and 47 destination resort spas are open, the company expects continued losses and is cautious about future guidance amid the pandemic.
OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its First Quarter 2021 earnings on May 12 before market open. The company will host a conference call at 10:00 am ET to discuss the results. OneSpaWorld is a leading global provider of health and wellness services, operating on 160 cruise ships and 53 destination resorts. They focus on premium wellness, fitness, and beauty treatments, boasting over 50 years of experience. The call will be accessible through their website and via a dial-in option.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced a restatement of its consolidated financial statements due to new SEC guidance on SPAC warrants. This affects the accounting of its 2019 and 2020 warrants, leading to a projected increase in liabilities of $103M-$107M for 2020 and $54M-$58M for 2019. The net loss for 2020 is expected to rise by $5M-$9M, and for the 2019 period, by $18M-$22M. Despite these adjustments, the company asserts that there will be no impact on cash, adjusted EBITDA, or future operations.
OneSpaWorld Holdings Limited (NASDAQ:OSW) announced leadership transitions effective March 31, 2021. Glenn Fusfield retires as CEO after 20 years but remains on the Board. Leonard Fluxman, former CEO (2001-2018), resumes the role. New Chief Commercial Officer Susan Bonner oversees revenue and operations to accelerate growth. The leadership change aims to maximize OneSpaWorld's market position in health and wellness services on cruise ships, especially as operations resume post-COVID.
OneSpaWorld Holdings Limited (NASDAQ: OSW) reported significant financial declines for Q4 and fiscal year 2020, largely due to the impacts of the COVID-19 pandemic. Total revenues plunged to $3.8 million in Q4 from $139.4 million in the prior year, and full-year revenues fell to $120.9 million compared to $562.2 million in 2019. The net loss for the year reached $280.5 million, a stark increase from the previous year’s loss of $41.0 million. The company ended 2020 with $56.4 million in liquidity, allowing it to sustain operations until March 2022. Guidance for Q1 2021 remains cautious amid ongoing uncertainties.
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