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.
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.
OneWater Marine Inc. (NASDAQ: ONEW) has priced a public offering of 3,170,868 shares of its Class A common stock at $20.00 per share. The offering includes 425,000 shares from OneWater and 2,745,868 shares from selling stockholders, with an additional 475,630 shares available through underwriters' option. Closing is expected on September 22, 2020. The net proceeds will support working capital and business expansion. Major underwriters include Truist Securities, Baird, and Raymond James.
OneWater Marine has launched a public offering of 3,170,868 shares of its Class A common stock, with 425,000 shares offered by the company and 2,745,868 shares by selling stockholders. The offering includes a 30-day option for underwriters to purchase an additional 475,630 shares. Proceeds will support working capital, business expansion, and general purposes. Preliminary results for the quarter ending August 31, 2020, indicate a revenue increase of over 20% and same-store sales growth of more than 17%, driven by new and pre-owned boat sales.
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