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 Ocean Bio-Chem, Inc., a leading supplier in the marine and automotive cleaning products market. This strategic move aims to enhance OneWater's presence in the marine parts and accessories sector. CEO Austin Singleton noted the acquisition will leverage their integration strategies to increase market share and drive profit margins. OneWater operates 96 retail locations and diversifies its revenues across various sectors, including boat sales and maintenance services.
OneWater Marine reported strong fiscal Q3 2022 results with revenue up 41% to $568.9 million and net income rising 25% to $64.5 million, translating to $3.86 per diluted share. Same-store sales grew 12%, driven by new and pre-owned boat sales, which increased 30.8% and 38.1%, respectively. Adjusted EBITDA climbed 45% to $95.1 million. The company also raised its fiscal year 2022 Adjusted EBITDA guidance to $240-$250 million. Effective management and an active acquisition strategy, including the purchase of Ocean Bio-Chem, support OneWater's growth trajectory.
OneWater Marine Inc. (NASDAQ: ONEW) will announce its fiscal third quarter 2022 financial results on August 4, 2022, before market opening. The management team will conduct a conference call at 8:30 a.m. Eastern Time the same day to discuss the results. Interested participants can register online to receive the call details. OneWater is a leading marine retailer in the U.S., operating 96 retail locations and offering a variety of marine products and services.
OneWater Marine Inc. (NASDAQ: ONEW) has announced its acquisition of Ocean Bio-Chem, Inc. (NASDAQ: OBCI) for $13.08 per share, totaling approximately $125 million. This move aims to enhance OneWater's growth in the parts and accessories sector by integrating OBCI’s recognized brands and operational efficiencies into its subsidiary, T-H Marine Supplies. The transaction, expected to close in Q4 2022, will be financed through an extension of OneWater’s term loan. Both companies anticipate synergies in customer engagement and market expansion.
OneWater Marine reported a strong fiscal second quarter ending March 31, 2022, with a 34% revenue increase to $442 million. This growth was driven by an 8% rise in same-store sales and strategic acquisitions, including Denison Yachting. Net income rose 38% to $42 million, resulting in earnings per share of $2.54, up 39% year-over-year. Adjusted EBITDA increased by 65% to $66 million. The company anticipates fiscal 2022 Adjusted EBITDA between $230 million and $240 million, bolstered by acquisitions.
OneWater Marine Inc. (NASDAQ: ONEW) will announce its fiscal second quarter 2022 financial results on May 5, 2022, before market opening. Following the results, management will host a conference call at 8:30 a.m. ET for discussion. The call can be accessed at (877) 270-2148 in the U.S. or (412) 902-6510 internationally, without a passcode. The call will also be webcast and visible on the company's website for one year. OneWater is a leading marine retailer operating 96 locations and a diverse range of marine-related services.
OneWater Marine Inc. has completed the acquisition of Denison Yachting, expanding its presence in the superyacht market. Denison has ranked as the top seller in superyachts for three years according to Boat International’s BOATPRO database. The acquisition aims to enhance OneWater’s product offerings, including yacht brokerage, sales, and services, leveraging Denison's record growth in yacht charter and management since 2019. CEO Austin Singleton expressed optimism about combining strengths to meet rising market demand.
OneWater Marine Inc. announced a $50 million share repurchase program, marking its inaugural buyback since going public. The Board of Directors emphasized confidence in the company's long-term value creation potential. CEO Austin Singleton highlighted this initiative as part of a broader capital allocation strategy, asserting that the company's stock represents an attractive investment opportunity. The timing of repurchases will be influenced by market conditions and other factors, with no obligation to repurchase a set amount of shares.
OneWater Marine Inc. (NASDAQ: ONEW) has appointed Greg Shell as an independent director, effective April 1, 2022, increasing its Board size to ten members, with eight independent. Shell brings extensive capital markets experience and governance expertise, enhancing OneWater's growth strategy and environmental, social, and governance (ESG) efforts. Currently a Managing Director at Bain Capital, Shell has a proven track record in sustainable investments.
OneWater Marine Inc. has announced the acquisition of Denison Yachting, aiming to expand its capabilities in the superyacht sector. This acquisition follows record sales at the Miami International Boat Show and positions OneWater to enhance its brokerage, charter, and management services.
The deal will add 21 locations across seven states, increasing market presence and customer reach, while also being expected to drive top-line growth and earnings per share immediately. Denison generated over $80 million in sales in 2021, solidifying its position as the top seller in the superyacht category.
