earnings
confidence high
sentiment positive
materiality 0.80
OneWater Marine reports record FY2022 revenue $1.74B, net income $153M, Adj. EBITDA $248M
OneWater Marine Inc.
- FY2022 revenue $1.74B (+42% YoY); same-store sales +12%; gross margin expanded 260 bps to 31.7%.
- Net income $153M (+31%); diluted EPS $9.13; Adjusted EBITDA $248M (+59%).
- Completed eight acquisitions in FY2022; two more expected to close in Q1 FY2023.
- Q4 revenue $397.5M (+41.8%); same-store sales +4%; Hurricane Ian impacted sales by ~$25M.
- Management cites strong start to boat show season; confident in strategy for FY2023.