Steiner Record Financial Results!

Hi Everyone,

I received this press release from Steiner Leisure and thought it
would be of interest. If you have missed any of my news' postings,
they are available on my web site.

Best regards,
Ray
LIGHTHOUSE TRAVEL
800-719-9917 or 805-566-3905
http://www.lighthousetravel.com


Steiner Leisure Limited Announces Record Fourth Quarter and 2005
Financial Results

NASSAU
Steiner Leisure Limited (NASDAQ:STNR) today announced financial
results for the fourth quarter and year ended December 31, 2005.

Financial Results

Steiner Leisure's revenues for the fourth quarter ended December 31,
2005 rose 15.6% to $101.1 million from $87.5 million during the
comparable quarter in 2004. Income from continuing operations, before
discontinued operations for the fourth quarter, was $10.8 million
compared with $10.0 million for the same quarter in 2004. The income
from continuing operations before discontinued operations for the
fourth quarter of 2004 included a gain of approximately $1.5 million
related to the sale of the Company's 49% ownership interest in each of
two entities that operate resort spas in Thailand and China,
respectively, to the 51% owner thereof.

During the fourth quarter of 2005, the Company reversed a liability
relating to its discontinued day spa operations resulting in a
discontinued operations gain of $800,000.

Earnings per share before discontinued operations for the fourth
quarter ended December 31, 2005 was $0.61 per share, compared with
$0.55 per share for the comparable quarter in 2004. The earnings per
share before discontinued operations for the fourth quarter of 2004
included $0.08 related to the sale of the Company's ownership interest
discussed above. The earnings per share data are presented on a
diluted basis.

Revenues for the year ended December 31, 2005, rose 16.3% to $397.2
million from $341.5 million in 2004. Income from continuing
operations, before discontinued operations for the year ended December
31, 2005, was $40.4 million, compared with $35.9 million in 2004.

Earnings per share before discontinued operations for the year ended
December 31, 2005 was $2.23 per share compared with $2.03 per share in
2004. The above earnings per share data are presented on a diluted
basis.

Leonard I. Fluxman, President and Chief Executive Officer of Steiner
Leisure, commented: "We are very pleased with our record fourth
quarter and annual financial results. The strong execution by our
personnel allowed us to generate strong earnings growth and cash flow
in 2005."

Corporate Overview

Steiner Leisure Limited is a worldwide provider of spa services. The
Company's operations include spas and salons on 122 cruise ships, and
in 56 resort spas and two luxury day spas. Our cruise line and
land-based resort customers include Carnival Cruise Lines, Caesars
Entertainment, Celebrity Cruises, Crystal Cruises, Cunard/Seabourn
Cruise Lines, Hilton Hotels, Holland America Line, Kerzner
International, Marriott Hotels, Norwegian Cruise Lines, Princess
Cruises and Royal Caribbean Cruises. Our Elemis Limited subsidiary
manufactures its Elemis(R) brand products for use in our cruise ship
and land-based spas. This top quality European line of beauty products
is also distributed worldwide to exclusive hotels, salons, health
clubs and destination spas. Elemis(R), as well as other Steiner
products, including La Therapie(R), Ionithermie, and Steiner Hair
Care, are available at http://www.timetospa.com.

Steiner Leisure also owns and operates three post secondary schools
(comprised of a total of seven campuses) located in Miami, Fort
Lauderdale, Orlando and Sarasota, Florida; Baltimore, Maryland; York,
Pennsylvania and Charlottesville, Virginia. Offering degree and
non-degree programs in massage therapy and skin care, these schools
train and qualify spa professionals for health and beauty positions
within the Steiner family of companies or other industry entities.

Conference Call

The Company will be holding a conference call at 11:00 am (EST) on
Thursday, March 2, 2006. Clive E. Warshaw, Chairman of the Board, and
Leonard I. Fluxman, President and Chief Executive Officer, will
discuss the contents of this press release.

If you wish to participate in this conference call, please call (706)
679-5917 for domestic and international calls approximately five
minutes before the scheduled time. This call is available for replay
from Thursday. March 2, 2006 (approximately 3 hours after the call
takes place) until Wednesday, March 8, 2006 at 11:00 pm. You may reach
it by dialing (706) 645-9291 for both domestic and international
calls. The conference ID # is 5180283.

SELECTED FINANCIAL DATA
($ in thousands, except per share data)
(Unaudited)

Fourth Quarter Year
Ended Ended
December 31, December 31,
-----------------------------------
2005 2004 2005 2004
-------- -------- -------- --------
Revenues:
Services $ 67,259 $ 58,912 $268,401 $233,350
Products 33,879 28,546 128,817 108,141
-------- -------- -------- --------
Total revenues 101,138 87,458 397,218 341,491
-------- -------- -------- --------

Cost of Sales:
Cost of services 54,316 47,297 214,022 185,294
Cost of products 24,945 21,548 96,588 80,512
-------- -------- -------- --------
Total cost of sales 79,261 68,845 310,610 265,806
-------- -------- -------- --------
Gross profit 21,877 18,613 86,608 75,685
-------- -------- -------- --------

Operating Expenses:
Administrative 5,002 5,153 20,837 18,493
Salary and payroll taxes 5,290 4,225 22,348 18,838
-------- -------- -------- --------
Total operating expenses 10,292 9,378 43,185 37,331
-------- -------- -------- --------
Income from continuing
operations 11,585 9,235 43,423 38,354
-------- -------- -------- --------

Other Income (Expense):
Interest expense (82 ) (47 ) (275 ) (1,525)
Equity and minority interest -- -- -- 292
Other income 220 1,593 553 1,679
-------- -------- -------- --------
Total other income
(expense) 138 1,546 278 446
-------- -------- -------- --------

Income from continuing operations
before provision for income taxes
and discontinued operations 11,723 10,781 43,701 38,800

Provision for income taxes 885 753 3,302 2,912
-------- -------- -------- --------

Income from continuing operations
before discontinued operations 10,838 10,028 40,399 35,888

Income from discontinued
operations (which includes gain
on disposal of $239 and $145 for
the three months and year ended
December 31, 2004), net of taxes 788 210 769 90
-------- -------- -------- --------


Net income $ 11,626 $ 10,238 $ 41,168 $ 35,978
======== ======== ======== ========

Income per share-Basic:
Income before discontinued
operations $ 0.63 $ 0.57 $ 2.32 $ 2.12
Income from discontinued
operations 0.05 0.02 0.04 0.01
-------- -------- -------- --------
$ 0.68 $ 0.59 $ 2.36 $ 2.13
======== ======== ======== ========

Income per share-Diluted:
Income before discontinued
operations $ 0.61 $ 0.55 $ 2.23 $ 2.03
Income from discontinued
operations 0.04 0.01 0.04 0.01
-------- -------- -------- --------
$ 0.65 $ 0.56 $ 2.27 $ 2.04
======== ======== ======== ========

Weighted average shares
outstanding:
Basic 17,174 17,458 17,401 16,899
Diluted 17,842 18,359 18,159 17,643

STATISTICS

Fourth Quarter Ended Year Ended
December 31, December 31,
------------ ------------
2005 2004 2005 2004
----- ----- ----- -----

Average number of ships
served(1): 112 110 115 109
Spa 82 77 83 75
Non-Spa 30 33 32 34

Average total number of
staff on ships served: 1,656 1,493 1,653 1,471
Spa 1,443 1,266 1,424 1,242
Non-Spa 213 227 229 229

Revenue per staff per
day(2): $ 450 $ 428 $ 455 $ 427
Spa $ 470 $ 451 $ 477 $ 449
Non-Spa $ 315 $ 300 $ 314 $ 306

Average weekly
revenues: $ 46,475 $ 40,826 $ 45,721 $ 40,183
Spa $ 57,619 $ 52,227 $ 57,508 $ 51,791
Non-Spa $ 15,681 $ 14,411 $ 15,571 $ 14,420

Average number of land-
based spas operated(3) 53 51 50 52

Average weekly land-
based spas revenues $ 25,524 $ 24,129 $ 26,441 $ 24,303

Total schools
revenues(4) $ 4,393,000 $3,613,000 $17,750,000 $16,866,000

Total wholesale and
retail product
revenues $10,481,000 $8,728,000 $36,294,000 $29,019,000

(1) Average number of ships served reflects the fact that during
the period ships were in and out of service and, accordingly, the
number of ships served during the year varied.
(2) Revenue includes all sales of services and products on ships.
Staff includes all shipboard employees. Per day refers to each day
that a cruise ship is in service.
(3) Average number of land-based day spas operated reflects the fact
that during the period spas were opened or closed and,
accordingly, the number of spas served during the period varied.
(4) Includes $130,000 and $156,000 for the three months ended
December 31, 2005 and 2004, respectively, and $670,000 and
$747,000 for the year ended December 31, 2005 and 2004,
respectively, relating to the Steiner training school near London,
England.

Thus spake Ray Goldenberg :

Hi Everyone,

I received this press release from Steiner Leisure and thought it
would be of interest. If you have missed any of my news' postings,
they are available on my web site.

Worth $1,57 on the stock price today.
--
dillon

Could have been is in the past
Could be is in the future
There is only the now