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. 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) 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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