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 announced robust fiscal year 2021 results with record revenue of $1.23 billion, reflecting a 20% increase year-over-year. Gross profit margin surged by 610 basis points to 29%, with net income soaring 140% to $116 million, translating to earnings per diluted share of $6.96. Notably, the company completed five strategic acquisitions, further enhancing its market positioning. Despite industry-wide supply chain challenges, demand remains strong, with anticipated adjusted EBITDA for fiscal 2022 projected between $170 million and $175 million.
OneWater Marine Inc. (NASDAQ: ONEW) announced the acquisition of Norfolk Marine Inc. to enhance its presence in the Mid-Atlantic U.S. and expand offerings in new and pre-owned boat sales, finance, and services. The deal, expected to close in Q4 of 2021, marks OneWater’s first dealer in Virginia. Norfolk Marine, a family-owned business with over $20 million in sales, represents top boating brands and is noted for its award-winning service. CEO Austin Singleton expressed confidence in the acquisition's potential for growth and market expansion.
OneWater Marine Inc. (NASDAQ: ONEW) announced it will release its fiscal fourth quarter and full-year 2021 financial results on November 18, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET, accessible via phone or webcast. OneWater operates 71 retail locations across ten states and is a leading vendor in the premium recreational boat market, offering a variety of products and services that include new and used boat sales, maintenance, and financial services.
OneWater Marine Inc. (NASDAQ: ONEW) announced a definitive agreement to acquire T-H Marine for approximately $185 million. This strategic acquisition is expected to more than double OneWater's service and parts sales, enhancing profitability through a complementary portfolio of marine parts and accessories. The deal is anticipated to close in the fourth quarter of 2021 and is projected to be immediately accretive to
top-line growth, operating margins, and earnings per share. Funding will come from a mix of cash and stock, supported by a $200 million term facility expansion from Truist Securities.
On October 4, 2021, OneWater Marine (NASDAQ: ONEW) announced the acquisition of Naples Boat Mart, enhancing its presence on Florida's West Coast. This acquisition will broaden the company's offerings in new and pre-owned boat sales, storage, service, and financing.
CEO Austin Singleton expressed optimism about the growth prospects from this strategic move. OneWater operates 71 stores across 11 states, providing diverse revenue streams, including boat sales and maintenance services.
OneWater Marine Inc. (NASDAQ: ONEW) announces its participation in the Raymond James & Associates Consumer Conference on September 14, 2021, at 9:20 a.m. ET. CEO Austin Singleton and CFO Jack Ezzell will engage in a virtual fire-side chat, with opportunities for investor meetings. An audio webcast of the presentation will be available on the company’s Investor Relations website, along with a replay for one year. OneWater is a leading recreational boat retailer in the U.S., operating 71 stores across 11 states, offering diverse products and services including boat sales, financing, and maintenance.
OneWater Marine Inc. has successfully completed the acquisition of PartsVu, an online marketplace specializing in OEM marine parts and accessories. This strategic move enhances OneWater's presence in the marine parts sector and diversifies its revenue streams, reducing reliance on cyclic boat sales. The acquisition aligns with OneWater's growth initiatives and aims to solidify its leadership in the marine industry, particularly in the high-margin parts and accessories market.
PORT 32 Marinas announced the acquisition of three marinas in Naples, Marco Island, and Cape Coral, Florida, from Walker Marine Group. This marks PORT 32's first acquisition post-recapitalization led by Fireside Investments. The Walker Marinas offer approximately 1,015 slips and commercial lease income from OneWater Marine Inc. Following these acquisitions, PORT 32 will manage about 4,100 slips and over 140,000 SF of commercial space. CEO Joe H. Miller expressed enthusiasm for the acquisition, aligning with the company's strategy of enhancing its portfolio with top-tier marina assets.
OneWater Marine Inc. (NASDAQ: ONEW) has successfully completed the acquisition of Stone Harbor Marina, enhancing its market reach in the northeastern U.S. This strategic move aims to boost new and pre-owned boat sales, along with storage, service, repair, and finance offerings. CEO Austin Singleton expressed optimism regarding the integration of Stone Harbor and its potential to drive growth for the company and value for shareholders. OneWater operates 70 stores in 11 states, positioning itself as a leading player in the premium recreational boat retail market.
OneWater Marine reported fiscal Q3 2021 revenue of $404.2 million, down 1.0% year-over-year. Gross profit margin expanded 822 basis points to 31.4%, driven by higher-margin service sales, which surged 58.1%. Net income rose 27% to $51.6 million, translating to $3.04 per diluted share. The company announced a special dividend of $1.80 per share and raised its 2021 Adjusted EBITDA forecast to $150-155 million. However, same-store sales declined 11% due to ongoing inventory challenges.
