Welcome to our dedicated page for Onewater Marine news (Ticker: ONEW), a resource for investors and traders seeking the latest updates and insights on Onewater Marine stock.
OneWater Marine Inc (ONEW) provides essential updates for stakeholders tracking the recreational marine industry. This centralized resource aggregates official press releases, financial disclosures, and strategic developments from the company's Dealership and Distribution operations.
Investors and industry professionals will find timely updates on earnings reports, marine retail partnerships, inventory management strategies, and service expansions. The curated collection includes verified information about boat sales trends, marina service enhancements, and distribution network growth.
Content highlights include quarterly financial results, acquisitions in the marine retail sector, operational updates from key markets, and leadership announcements. Regular updates ensure stakeholders maintain current awareness of ONEW's position within the competitive marine services landscape.
Bookmark this page for direct access to source materials supporting informed analysis of OneWater Marine's market performance. Check back regularly for the latest developments affecting marine retail operations and distribution network strategies.
OneWater Marine Inc. (NASDAQ: ONEW) is set to release its fiscal second quarter 2023 financial results on May 4, 2023, before the market opens. Following the release, a conference call will be hosted by management at 8:30 a.m. Eastern Time to discuss the results. Participants can register for phone access via a designated link, or they can attend the live webcast available on the Company’s website.
As one of the largest and fastest-growing premium marine retailers in the U.S., OneWater operates 100 retail locations and 12 distribution centers across 20 states. The Company offers a diverse range of products and services, including the sale of new and pre-owned boats, financing, insurance, and maintenance services.
OneWater Marine Inc. (NASDAQ: ONEW) announced the appointment of Carmen Bauza as an independent director on March 1, 2023, expanding the Board from eight to nine members. Bauza, a seasoned executive with experience in global retail, is expected to enhance the company's growth strategy through her expertise in omni-channel marketing and product innovation. She will also serve on the Audit and Compensation Committees. Currently, Ms. Bauza holds board positions at Zumiez Inc. and Destination XL Group, and has held senior roles at Fanatics, HSN, and Walmart. This strategic addition aims to bolster OneWater's position in the marine retail market.
OneWater Marine reported fiscal first quarter 2023 results with revenues at $367 million, a 9% increase year-over-year. However, same-store sales dropped 14% due to returning seasonality. Notable growth in high-margin service, parts, and other revenue surged 86% to $70 million, bolstered by strategic acquisitions. Net income fell to $11 million ($0.61 per diluted share), down from $23.5 million ($1.45 per diluted share) in the prior year. OneWater anticipates flat to mid-single-digit same-store sales for the fiscal year and projects adjusted EBITDA between $200 million and $225 million.
OneWater Marine Inc. (NASDAQ: ONEW) will announce its first quarter 2023 financial results on February 2, 2023, before market open. Post-release, management will hold a conference call at 8:30 a.m. ET to discuss the results. Investors can register for the call via a provided link to receive a phone number and access code, or access a live webcast through the Company’s website, which will be archived for one year.
As a leading marine retailer, OneWater operates 100 retail locations across 20 states, offering a broad range of products including new and used boats, financing, and repair services.
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