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) has signed an agreement to acquire PartsVu, an online marketplace for OEM marine parts, electronics, and accessories. The acquisition will enhance OneWater’s presence in the marine parts sector, reducing dependency on boat sales cyclicality. PartsVu generated approximately $25 million in sales in the past year and has consistently doubled its sales volume annually since its inception. The transaction is expected to finalize in Q4 2021.
OneWater Marine Inc. has announced an agreement to acquire the assets of Naples Boat Mart, enhancing its presence on the West Coast of Florida. This acquisition will expand offerings in new and pre-owned boat sales, service, and repair, with the transaction expected to close in Q4 2021. Naples Boat Mart, a family-owned business, generated approximately $30 million in sales over the past year and represents premier brands like Grady White and Hurricane. The acquisition is part of OneWater's strategy to bolster its market position in Florida.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal Q3 2021 financial results on July 29, 2021, before market open. A conference call hosted by management at 8:30 a.m. Eastern Time will discuss these results. Interested parties can access the call at (866) 220-5793 in the U.S. or (615) 622-8064 internationally using Conference ID #8777164. The call will also be webcast and archived on the Company website.
OneWater operates 69 retail locations across 10 states, positioning itself as a leading premium recreational boat retailer.
OneWater Marine Inc. (NASDAQ: ONEW) announced that industry veteran James Brewer will become Managing Director of the Roscioli Yachting Center, starting July 12, 2021. Brewer brings over 40 years of marine experience, including his tenure at Derecktor Shipyards. His role will focus on strategy and growth for the Roscioli Yachting Center, which offers services for yachts up to 150 feet and supports sales of brands like Sunseeker. The announcement reflects OneWater's commitment to enhancing its yachting capabilities and expanding its market presence.
OneWater Marine Inc. (NASDAQ: ONEW) announced a special dividend of $1.80 per share for Class A Common Stock, payable on July 19, 2021. Shareholders must be on record by June 28, 2021. Additionally, OneWater LLC will distribute the same amount to unitholders on the same dates. The CEO highlighted strong cash flows and growth since going public, along with ongoing acquisition opportunities to enhance market leadership.
OneWater Marine Inc. (NASDAQ: ONEW) announced its acquisition of Stone Harbor Marina, enhancing its presence in the northeastern U.S. The acquisition, expected to close in fiscal Q4 2021, aims to boost new and pre-owned boat sales and services. Stone Harbor, with over 50 years of experience, generated approximately $35 million in sales in the last twelve months. The deal is anticipated to leverage OneWater's digital platform and resources to maximize revenues and operational efficiency for both companies.
OneWater Marine reported a record fiscal second quarter for 2021, with revenues rising 74% to $329.6 million and net income up tenfold to $30.6 million, or $1.83 per diluted share. Adjusted EBITDA surged 315% to $40.1 million. The company is raising its full-year guidance, expecting same-store sales to grow in the mid-to-upper teens, and Adjusted EBITDA to reach between $130 million and $135 million. The management highlighted strong consumer demand and effective execution, alongside strategic acquisitions, which are expected to enhance operational efficiencies.
OneWater Marine Inc. (NASDAQ: ONEW) has announced its appointment as the sole U.S. distributor for Sunseeker Yachts, effective from the anticipated closing in Q3 2021. This partnership aims to enhance OneWater's position in the luxury yacht market following the recent formation of the OneWater Yacht Group. The agreement enables OneWater to manage the Sunseeker dealer network across various U.S. markets, expanding its portfolio and geographical reach. OneWater operates 69 retail locations across 10 states, solidifying its status as a leading recreational boat retailer.
OneWater Marine Inc. (NASDAQ: ONEW) will release its fiscal Q2 2021 financial results on April 29, 2021, before market opening. Following the release, a conference call hosted by management is scheduled for 8:30 a.m. ET. Interested participants can join by calling (866) 220-5793 in the U.S./Canada, or (615) 622-8064 internationally, using Conference ID #1757237. The call will also be available via webcast on the Company’s website under the 'Events' section, and it will be archived for one year.
OneWater Marine Inc. has launched the OneWater Yacht Group, consolidating its yacht sales teams under a unified brand to enhance its market presence and growth potential. This new group will operate branded sales offices across several states, including Florida and New York, representing premium yacht brands. The initiative also features the Roscioli Yachting Center, a full-service marina acquired in December 2020, which will support superior service delivery. CEO Austin Singleton emphasized the focus on redefining yacht buying and ownership standards.