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 reported a 39% increase in revenue for Q1 2021, totaling $214.1 million, driven by significant new boat sales. Same-store sales rose 38%, and net income reached $11.8 million, or $0.71 per diluted share. The company completed three large acquisitions that previously generated over $125 million in annual revenue. The adjusted EBITDA for the quarter stood at $16.7 million. The company projects mid-single digit growth in same-store sales for FY 2021 and expects adjusted EBITDA between $95 million and $100 million.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal first quarter financial results on February 4, 2021, before the market opens. Management will host a conference call at 8:30 a.m. ET to discuss the results. Interested participants can join the call by dialing (866) 220-5793 in the U.S./Canada or (615) 622-8064 internationally, using Conference ID #8459613. The call will also be accessible via webcast on the Company’s website, where it will be archived for one year.
OneWater Marine Inc. (NASDAQ: ONEW) announced the acquisition of Roscioli Yachting Center, enhancing its yacht category presence and expanding service offerings. Located in Fort Lauderdale, Florida, Roscioli generated over $15 million in revenue in the past year and boasts over one hundred skilled team members. This acquisition provides a platform for future growth and aims to deliver top-tier yacht services, aligning with OneWater’s strategy of redefining yacht servicing standards.
OneWater Marine Inc. (NASDAQ: ONEW) has completed its largest acquisition to date by acquiring Walker Marine Group, enhancing its presence in Florida. Walker Marine operates five locations and generated over $80 million in revenue over the past twelve months. This acquisition aligns with OneWater's strategy to expand its market-leading dealerships, aiming for operational synergies and improved profit margins. The integration is expected to bolster customer relationships and leverage OneWater's digital capabilities.
OneWater Marine Inc. (NASDAQ: ONEW) has finalized the acquisition of Tom George Yacht Group (TGYG), enhancing its footprint on Florida's west coast. This marks the first acquisition since going public and one of the largest in the company's history. The acquisition aims to boost new and pre-owned boat sales, yacht brokerage, and service operations. Since 2014, OneWater has successfully acquired 40 retail locations, emphasizing operational synergies and margin expansion. The company operates 63 stores across 10 states, catering to the growing demand in the recreational boating market.
OneWater Marine Inc. (NASDAQ: ONEW) reported impressive financial results for fiscal year 2020, achieving record revenue of $1 billion, a 33% increase year-over-year. Same-store sales rose 24%, while net income increased 30% to $48.5 million. The fiscal fourth quarter also saw revenues of $271 million, a 29.8% increase. New boat sales surged 36.1% to $717 million, and pre-owned boat sales grew 34.4%. Despite challenges, gross profit margin improved to 23%. Looking ahead, the company forecasts mid-single-digit same-store sales growth for fiscal 2021.
OneWater Marine Inc. has announced a definitive agreement to acquire substantially all assets of Tom George Yacht Group (TGYG), enhancing its presence in the Florida market. This strategic acquisition is expected to close by year-end and will contribute to new and pre-owned boat sales, yacht brokerage, and services. TGYG reported revenues exceeding $30 million in the past year. This move marks OneWater's first acquisition since going public in early fiscal year 2020 and aligns with its strategy to expand operational synergies and market reach.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal fourth quarter and full-year 2020 financial results on November 19, 2020, before market opens. A conference call led by the management team will follow at 8:30 a.m. Eastern Time to discuss these results. The call can be accessed via phone or via the Company’s website, where it will also be archived for a year. OneWater is a significant player in the U.S. recreational boat retail market, operating 61 stores across 10 states and offering diverse products and services including boat sales and maintenance.
OneWater Marine Inc. (NASDAQ: ONEW) appointed David K. Witty as Chief Technology Officer, effective October 1, 2020. Witty will enhance the company's digital infrastructure, aiming to improve customer experience and support growth. With 33 years in the marine industry, he previously contributed to developing OneWater's proprietary technologies, including CRM and sales management systems. OneWater Marine is a leading recreational boat retailer in the U.S., operating 63 stores across 11 states, with diverse revenue streams from boat sales, parts, financing, and ancillary services.
OneWater Marine Inc. (NASDAQ: ONEW) has implemented organizational changes to enhance customer engagement and operational agility as of October 1, 2020. COO Anthony Aisquith emphasized these realignments will strengthen leadership while maintaining the distinctive nature of local dealerships. Key promotions include Scott Cunningham overseeing Gulf Coast Operations, with Tim Leedham leading the Northeast Region and Donald Drummonds expanding into the Midwest. Joey Jones will manage East Florida, Bryan Braley will head the Yacht and Brokerage division, and George Hernandez will lead South Texas.
