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. has completed the acquisition of Harbor View Marine, expanding its footprint in the Gulf Coast market. This strategic move enhances the company's offerings in new and pre-owned boat sales, financing, and service.
CEO Austin Singleton expressed excitement over welcoming Harbor View Marine into the OneWater family, highlighting the acquisition's importance in strengthening their market presence. This deal is part of OneWater's growth strategy, leveraging its extensive network across 100 retail locations and 20 states to capitalize on the marine retail sector.
OneWater Marine Inc. announced the retirement of Chairman Mitchell W. Legler, who will not stand for re-election at the 2023 Annual Meeting due to age policy. In his place, John F. Schraudenbach has been appointed as Vice-Chairman and is expected to become Chairman post-election. Schraudenbach, an independent director since 2020 and Chair of the Audit Committee, will ensure a smooth leadership transition. The board will now consist of 10 members, with eight independent directors.
OneWater Marine reported a strong fiscal year 2022, with record revenue of $1.74 billion, up 42% year-over-year. Same-store sales increased by 12%, and net income rose 31% to $153 million, resulting in an adjusted EBITDA of $248 million—a 59% increase. The company completed eight acquisitions and anticipates low to mid-single-digit growth in same-store sales for fiscal 2023. Despite challenges from Hurricane Ian impacting sales by $25 million, OneWater's diversified revenue model and robust demand position it well for future growth.
OneWater Marine Inc. (NASDAQ: ONEW) plans to release its fourth quarter and full-year 2022 financial results on November 15, 2022, before market opens. Following this, management will host a conference call at 8:30 a.m. ET to discuss the results. Investors can register for the call or access a live webcast via the Company’s website. OneWater is a prominent marine retailer operating 98 retail locations and 12 distribution centers across 20 states, offering various products and services, including new and pre-owned boats and financing options.
OneWater Marine Inc. (NASDAQ: ONEW) has entered a multi-year strategic partnership with the Sport Fishing Championship (SFC) to integrate its dealership network and services into SFC's operations. As a "Corporate Champion," OneWater will utilize SFC’s tournament activation, media, and hospitality assets to enhance visibility in the fishing and yachting industries. The five-year partnership aims to promote saltwater fishing and expand OneWater's reach. The SFC’s 2023 Season Schedule is set to be released in November.
OneWater Marine Inc. has announced the acquisition of Harbor View Marine, enhancing its presence in the Florida Gulf Coast market. This strategic move is expected to boost sales of new and pre-owned boats, alongside finance and service offerings. Harbor View, a family-owned business with a strong local reputation, has generated approximately $21 million in sales over the past year. The transaction is set to close in the first quarter of fiscal 2023, reinforcing OneWater's commitment to growth in the marine retail industry.
OneWater Marine Inc. (NASDAQ: ONEW) has successfully completed its acquisition of Taylor Marine Centers, enhancing its market presence in the Mid-Atlantic U.S. The deal aims to bolster new and pre-owned boat sales, financing, and service offerings. CEO Austin Singleton noted the acquisition complements the recent Norfolk Marine acquisition, reinforcing the company’s strategic growth in key marine markets. With 98 retail locations and operations across 20 states, OneWater continues to strengthen its diverse revenue streams in the marine retail sector.
OneWater Marine Inc. (NASDAQ: ONEW) has announced its acquisition of Taylor Marine Centers, aiming to strengthen its presence in the Mid-Atlantic U.S. This strategic move follows the earlier acquisition of Norfolk Marine, enhancing both new and pre-owned boat sales and services. Taylor Marine Centers generated approximately $29 million in sales over the past year and boasts a legacy of over 50 years in the Delmarva Peninsula. The transaction is expected to close within the next 90 days.
OneWater Marine Inc. has entered a strategic partnership with Forza X1 to create a distribution channel for electric sports boats. This agreement aims to enhance sustainable recreational boating, allowing consumers to purchase boats through a digital platform or at OneWater’s 96 retail locations. Forza X1's electric boats target the recreational day boat market, focusing on performance and comfort. This collaboration positions OneWater to leverage its extensive sales network, while potentially increasing Forza X1's market reach and sales.
OneWater Marine Inc. (NASDAQ: ONEW) has appointed Steve Roy as an independent director, expanding the Board from ten to eleven members. Effective August 12, 2022, this addition is aimed at enhancing the Company’s growth strategy. Roy, with extensive experience in finance, previously served as CFO at AAA Cooper Transportation and as CFO at Movie Gallery, Inc. His expertise is expected to contribute significantly to OneWater’s objectives in the marine retail industry, which spans 96 retail locations and various revenue streams.
