OneSpaWorld (OSW) shares rose 12.50% on Wednesday after the company raised its dividend by 25%. Third-quarter revenue grew 7% year over year to $276.5 million, driven by fleet expansion from newbuilds and higher guest spending, while the number of ships with its health and wellness centers rose to 207 from 204. Adjusted net income climbed 13% to $34.8 million, or $0.34 per share, beating analysts' estimate of $0.31. Management raised full-year guidance, now seeing revenue up roughly 10% to over $1 billion and adjusted EBITDA up 13% to about $139 million. The company also announced a new $100 million share buyback and lifted its quarterly dividend to $0.0625 per share, placing its forward yield at nearly 1%.
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