OneWater Marine Inc. reports developments as a U.S. recreational marine retailer with Dealership and Distribution operations. Its updates commonly cover new and pre-owned boat sales, finance and insurance income, service, parts and accessories, repair and maintenance activity, and marine-products distribution through warehouses, distribution centers and online marketplaces.
Company news also focuses on same-store sales, gross margin, inventory mix, product portfolio actions, leverage reduction, and financing facilities used to support boat inventory and dealership operations. Recent corporate updates include the completed sale of Ocean Bio-Chem as part of a portfolio optimization effort centered on core marine retail assets.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal third quarter 2020 financial results on July 30, 2020, before market opening. Following the release, a management-hosted conference call will take place at 8:30 a.m. Eastern Time. Participants can access the call via telephone or through a webcast available on the company’s website.
With 63 stores across 11 states, OneWater is a leading recreational boat retailer in the U.S., providing a diverse range of products and services, including boat sales, maintenance, and finance solutions.
OneWater Marine Inc. (NASDAQ: ONEW) reported a robust fiscal third quarter, with revenues up over 30% and same-store sales exceeding 25% year-over-year, despite some impacts from COVID-19. The company attributes this growth to increased consumer interest in boating as a leisure activity during social distancing. CEO Austin Singleton expressed optimism about continuing sales momentum, bolstered by a strong influx of inbound leads and finance income. OneWater operates 63 stores across 11 states, positioning itself as a leading recreational boat retailer.
OneWater Marine Inc. (NASDAQ: ONEW) has appointed Anthony Aisquith and Bari Harlam to its Board of Directors, expanding the board from seven to nine members, with seven being independent. Aisquith, currently the President and COO, brings extensive experience in the marine industry, having expanded the company's retail locations from 9 to 63 since 2008. Harlam, with a strong background in marketing and digital strategy, will contribute valuable insights as the company seeks to differentiate itself further. The board emphasizes the importance of strong governance practices for long-term value creation.