secwatch.observer — SEC 8-K summary
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Issuer:     OneWater Marine Inc. (ONEW)
CIK:        0001772921
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001140361-23-004012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneWater Marine Q1 net income $11.4M ($0.61 EPS) down 51% YoY; lowers FY guidance
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- Revenue $366.7M (+9% YoY record Q1); service/parts/other up 86% to $70M.
- Net income $11.4M ($0.61 diluted EPS) vs $23.5M ($1.45) prior year; Adjusted EBITDA $27.9M down 32%.
- Same-store sales declined 14% as seasonality returns; inventory $527M vs $248M year ago.
- Lowered FY2023 outlook: same-store sales flat to up mid-single digits; Adj. EBITDA $200-225M; EPS $7.50-8.00.
- Completed two strategic dealership acquisitions; total liquidity >$100M; long-term debt $463.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772921/000114036123004012/0001140361-23-004012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772921/000114036123004012/brhc10047385_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-004012

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