Onespaworld Holdings (OSW) Q1 FY2024 earnings: revenue $211 million, up 15.8% on the year

Onespaworld Holdings Ltd. (OSW) reported revenue of $211 million for Q1 FY2024, the quarter ended 31 March 2024, up 15.8% on the same quarter a year earlier. Net income was $21 million, and diluted earnings per share $0.21. The figures are the company's own, from the 10-Q it filed with the SEC on 3 May 2024.

Revenue$211 millionup 15.8%

Net income$21 million

Diluted EPS$0.21

QuarterQ1 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Revenue	211	195	n/a	n/a
Operating income	17.0	12.6	n/a	n/a
Operating margin	8.0%	6.5%	n/a
Interest expense	3.0	8.7	n/a	n/a
Pre-tax income	21.7	-6.6	n/a	n/a
Income tax	0.6	0.7	n/a	n/a
Effective tax rate	2.7%	n/a	n/a
Net income	21.2	-7.3	n/a	n/a
Net margin	10.0%	-3.7%	n/a
Diluted EPS	$0.21	-$0.07	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Operating cash flow	15.0	17.0	n/a	n/a
Capital expenditure	1.2	2.5	n/a	n/a
Free cash flow	13.7	14.5	n/a	n/a
Free cash flow margin	6.5%	7.4%	n/a
Cash from investing	-1.2	-2.5	n/a	n/a
Cash from financing	24.0	-13.8	n/a	n/a
Depreciation and amortisation	6.2	5.5	n/a	n/a
Share-based compensation	2.1	3.0	n/a	n/a
Buybacks	7.7	n/a	n/a	n/a
Dividends paid	0.0	n/a	n/a	n/a
Diluted shares, weighted	103m	100m	n/a	n/a
Shares outstanding at period end	105m	100m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Shareholders' equity	516	434	n/a	n/a
Debt	139	158	n/a	n/a
Operating lease liabilities	13.5	10.2	n/a	n/a
Other liabilities	96.0	104	n/a	n/a
Total liabilities and equity	764	706	n/a	n/a
Fixed assets	15.2	15.0	n/a	n/a
Intangible assets	543	547	n/a	n/a
Cash and equivalents	65.4	27.7	n/a	n/a
Receivables	43.5	40.8	n/a	n/a
Inventory	44.7	47.5	n/a	n/a
Other assets	52.0	28.2	n/a	n/a
Total assets	764	706	n/a	n/a

Questions

What was Onespaworld Holdings' revenue in Q1 FY2024?

Onespaworld Holdings (OSW) reported revenue of $211 million for Q1 FY2024, the quarter ended 31 March 2024, up 15.8% on the same quarter a year earlier.

How much did Onespaworld Holdings earn in Q1 FY2024?

Net income for Q1 FY2024 was $21 million, and diluted earnings per share $0.21.

When did Onespaworld Holdings report Q1 FY2024 results?

Onespaworld Holdings filed its 10-Q for the quarter ended 31 March 2024 with the SEC on 3 May 2024.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	216	195	211	225	242	217	220	241	259	242	248	261
Operating income	17.0	12.6	17.0	18.8	25.0	17.2	16.8	22.1	26.3	16.4	22.9	24.5
Operating margin	8%	6%	8%	8%	10%	8%	8%	9%	10%	7%	9%	9%
Interest expense	3.7	8.7	3.0	2.2	2.5	2.4	1.1	1.4	1.4	1.7	1.2	1.1
Pre-tax income	20.6	-6.6	21.7	16.6	22.5	16.0	15.7	20.7	24.9	14.8	21.7	23.4
Tax rate	-14%	n/a	3%	5%	4%	10%	3%	4%	2%	18%	2%	1%
Net income	23.4	-7.3	21.2	15.8	21.6	14.4	15.3	19.9	24.3	12.1	21.3	23.2
Net margin	11%	-4%	10%	7%	9%	7%	7%	8%	9%	5%	9%	9%
Diluted EPS	$0.16	-$0.07	$0.21	$0.15	$0.20	$0.14	$0.15	$0.19	$0.23	$0.12	$0.21	$0.23
Operating cash flow	18.9	17.0	15.0	18.7	28.6	16.6	10.1	20.3	33.2	20.0	9.1	33.3
Capital expenditure	0.7	2.5	1.2	1.1	1.1	3.3	1.7	2.7	5.6	5.0	4.3	2.3
Free cash flow	18.2	14.5	13.7	17.6	27.5	13.2	8.4	17.6	27.6	14.9	4.7	31.0
Buybacks	n/a	n/a	7.7	0.0	11.3	0.0	37.9	0.0	17.6	19.9	0.0	0.4
Dividends paid	n/a	n/a	0.0	0.0	4.2	4.2	4.2	4.1	4.1	5.1	5.1	5.1
Shares outstanding	100m	100m	105m	105m	104m	105m	103m	103m	102m	101m	102m	101m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2024, filed 3 May 2024, accession 0000950170-24-052486: the filing on EDGAR. All of Onespaworld Holdings Ltd.'s filings: EDGAR company page.

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