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 announced that Hurricane Helene will directly impact its Gulf Coast operations. The company has initiated preparedness procedures at 26 Gulf Coast locations, with an additional 21 locations in Alabama, Georgia, and South Carolina expecting significant weather and flooding. As a result, September sales will be lower than anticipated, and the company expects full-year results to be at the bottom or slightly below previously issued guidance.
CEO Austin Singleton stated that the company has implemented its Hurricane Disaster Plan and safety protocols to mitigate losses and protect assets. Insurance carriers have placed moratoriums on writing new policies in certain areas, preventing customers from binding insurance on boats they want to purchase. While these measures are temporary, fourth-quarter sales will be negatively impacted. OneWater expects to recover affected sales outside the direct path of the storm in the first part of fiscal year 2025.
OneWater Marine Inc. (NASDAQ: ONEW) reported its fiscal third quarter 2024 results, showing a 9% decrease in revenue to $542 million. The company experienced an 8% decline in same-store sales and a gross profit margin of 24.4%. GAAP net income was $17 million, or $0.99 per diluted share, while adjusted diluted earnings per share reached $1.05. Adjusted EBITDA stood at $39 million.
Despite outperforming the industry, OneWater faced challenges due to a weaker market environment and adverse weather in Texas. The company is focusing on proactive inventory and expense management as it approaches fiscal 2025. For the full fiscal year 2024, OneWater anticipates dealership same-store sales to be down mid-single digits, with Adjusted EBITDA expected between $90 million to $100 million and adjusted earnings per diluted share projected at $1.50 to $2.00.
OneWater Marine Inc. (NASDAQ: ONEW) has announced the release date for its fiscal third quarter 2024 financial results. The company will disclose the results on Tuesday, July 30th, 2024, before the market opens. Following the release, OneWater's management team will host a conference call at 8:30 a.m. Eastern Time to discuss the results.
Investors and interested parties can access the conference call via phone using the dial-in numbers 1-833-630-0581 (US) or 1-412-317-1814 (International). Additionally, a live webcast of the call will be available on the company's Investor Relations website. For those unable to attend, a telephonic replay will be accessible through August 13th, 2024, using specific dial-in numbers and the access code 1155553.
OneWater Marine (NASDAQ: ONEW) issued a statement addressing recent market rumors and news reports. The company emphasized its policy of not commenting on speculation but highlighted its achievements since 2014.
OneWater has completed over 30 acquisitions in the fragmented boating industry, significantly boosting shareholder value and expanding EBITDA through successful synergy realization. The company maintains a strong balance sheet and prudent capital allocation strategies, ensuring its short-term, medium-term, and long-term business viability. Insiders hold a 17% stake, aligning their interests with shareholders.
OneWater Marine Inc. announced its fiscal second quarter 2024 results, with revenue of $488.3 million, a 6.9% decrease year-over-year. The company reported a GAAP net loss of $(5) million and adjusted diluted earnings per share of $0.67. Adjusted EBITDA was $28 million. The company is maintaining its fiscal full year 2024 outlook with dealership same-store sales expected to increase by low to mid-single digits.
OneWater Marine Inc. has finalized the acquisition of Garden State Yacht Sales, enhancing its presence in the Mid-Atlantic U.S. The move expands the company's boat sales, finance, and services offerings. CEO Austin Singleton expressed gratitude to the Stavola family for the opportunity, emphasizing the strategic growth potential of the acquisition.
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