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. (NASDAQ: ONEW) is a recreational marine retailer that reports its results and material events through regular news releases and SEC filings. The company operates dealership and distribution businesses in the United States, with revenue categories that include new boat sales, pre-owned boat sales, finance and insurance income, and service, parts and other revenue. Its news flow provides insight into how these activities perform over time and how the company responds to market conditions.
On this page, readers can follow ONEW news related to quarterly and annual earnings, guidance updates, and commentary on same-store sales, gross profit margins, inventory levels, and liquidity. Earnings releases often break out performance by category, discuss the impact of competitive dynamics and macroeconomic factors, and include non-GAAP metrics such as Adjusted EBITDA and adjusted diluted earnings per share, along with reconciliations.
OneWater Marine Inc. also issues news about capital structure and financing arrangements, such as amendments to its senior secured term loan and floor plan credit facilities that modify maturities, borrowing capacity, and terms. In addition, the company announces acquisitions and strategic transactions, including deals that expand its geographic presence, product offerings, and exclusive dealership rights in the premium and luxury marine market.
Leadership and governance updates, such as changes in executive titles and board roles, are disclosed through press releases and corresponding Form 8-K filings. Investors and observers who monitor ONEW news can use this page to track developments in the company’s dealership and distribution segments, its approach to inventory and brand portfolio management, and its use of financing facilities, all based on the company’s own public communications.
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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.