OneSpaWorld Shares Surge Following Dividend Increase and Strong Q3 Earnings
OneSpaWorld (OSW) shares rose 12.50% after the company reported strong third-quarter results and announced a significant increase in shareholder returns. Revenue grew 7% year-over-year to $276.5 million, driven by fleet expansion across 207 cruise ships and increased guest spending. Adjusted net income climbed 13% to $34.8 million ($0.34 per share), surpassing Wall Street expectations of $0.31 per share. In response to the robust performance, management raised its full-year financial guidance, projecting revenue growth of approximately 10% to over $1 billion and a 13% increase in adjusted EBITDA to roughly $139 million. Additionally, the company announced a new $100 million stock buyback program and increased its quarterly dividend by 25% to $0.0625 per share.
Tickers: $OSW
Topics: dividend increase earnings report financial guidance revenue growth stock buyback