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) has signed an agreement to acquire PartsVu, an online marketplace for OEM marine parts, electronics, and accessories. The acquisition will enhance OneWater’s presence in the marine parts sector, reducing dependency on boat sales cyclicality. PartsVu generated approximately $25 million in sales in the past year and has consistently doubled its sales volume annually since its inception. The transaction is expected to finalize in Q4 2021.
OneWater Marine Inc. has announced an agreement to acquire the assets of Naples Boat Mart, enhancing its presence on the West Coast of Florida. This acquisition will expand offerings in new and pre-owned boat sales, service, and repair, with the transaction expected to close in Q4 2021. Naples Boat Mart, a family-owned business, generated approximately $30 million in sales over the past year and represents premier brands like Grady White and Hurricane. The acquisition is part of OneWater's strategy to bolster its market position in Florida.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal Q3 2021 financial results on July 29, 2021, before market open. A conference call hosted by management at 8:30 a.m. Eastern Time will discuss these results. Interested parties can access the call at (866) 220-5793 in the U.S. or (615) 622-8064 internationally using Conference ID #8777164. The call will also be webcast and archived on the Company website.
OneWater operates 69 retail locations across 10 states, positioning itself as a leading premium recreational boat retailer.
OneWater Marine Inc. (NASDAQ: ONEW) announced that industry veteran James Brewer will become Managing Director of the Roscioli Yachting Center, starting July 12, 2021. Brewer brings over 40 years of marine experience, including his tenure at Derecktor Shipyards. His role will focus on strategy and growth for the Roscioli Yachting Center, which offers services for yachts up to 150 feet and supports sales of brands like Sunseeker. The announcement reflects OneWater's commitment to enhancing its yachting capabilities and expanding its market presence.
OneWater Marine Inc. (NASDAQ: ONEW) announced a special dividend of $1.80 per share for Class A Common Stock, payable on July 19, 2021. Shareholders must be on record by June 28, 2021. Additionally, OneWater LLC will distribute the same amount to unitholders on the same dates. The CEO highlighted strong cash flows and growth since going public, along with ongoing acquisition opportunities to enhance market leadership.
OneWater Marine Inc. (NASDAQ: ONEW) announced its acquisition of Stone Harbor Marina, enhancing its presence in the northeastern U.S. The acquisition, expected to close in fiscal Q4 2021, aims to boost new and pre-owned boat sales and services. Stone Harbor, with over 50 years of experience, generated approximately $35 million in sales in the last twelve months. The deal is anticipated to leverage OneWater's digital platform and resources to maximize revenues and operational efficiency for both companies.
OneWater Marine reported a record fiscal second quarter for 2021, with revenues rising 74% to $329.6 million and net income up tenfold to $30.6 million, or $1.83 per diluted share. Adjusted EBITDA surged 315% to $40.1 million. The company is raising its full-year guidance, expecting same-store sales to grow in the mid-to-upper teens, and Adjusted EBITDA to reach between $130 million and $135 million. The management highlighted strong consumer demand and effective execution, alongside strategic acquisitions, which are expected to enhance operational efficiencies.
OneWater Marine Inc. (NASDAQ: ONEW) has announced its appointment as the sole U.S. distributor for Sunseeker Yachts, effective from the anticipated closing in Q3 2021. This partnership aims to enhance OneWater's position in the luxury yacht market following the recent formation of the OneWater Yacht Group. The agreement enables OneWater to manage the Sunseeker dealer network across various U.S. markets, expanding its portfolio and geographical reach. OneWater operates 69 retail locations across 10 states, solidifying its status as a leading recreational boat retailer.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal Q2 2021 financial results on April 29, 2021, before market opening. Following the release, a conference call hosted by management is scheduled for 8:30 a.m. ET. Interested participants can join by calling (866) 220-5793 in the U.S./Canada, or (615) 622-8064 internationally, using Conference ID #1757237. The call will also be available via webcast on the Company’s website under the 'Events' section, and it will be archived for one year.
OneWater Marine Inc. has launched the OneWater Yacht Group, consolidating its yacht sales teams under a unified brand to enhance its market presence and growth potential. This new group will operate branded sales offices across several states, including Florida and New York, representing premium yacht brands. The initiative also features the Roscioli Yachting Center, a full-service marina acquired in December 2020, which will support superior service delivery. CEO Austin Singleton emphasized the focus on redefining yacht buying and ownership standards.
