secwatch.observer — SEC 8-K summary
======================================

Issuer:     OneWater Marine Inc. (ONEW)
CIK:        0001772921
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001772921-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneWater Marine Q2 revenue record $524M (+19%), net income $27M vs $42M, EPS $1.56; adj EBITDA down 22%
--------------------------------------------------------------------------------

- Revenue increased 19% to $524M, a fiscal Q2 record; same-store sales up 11%.
- Net income of $27M ($1.56 diluted EPS) vs $42M ($2.54) in prior year; adjusted EBITDA $51.8M vs $66.1M.
- Service, parts & other revenue grew 28% to $78M; gross margin 28% down 420 bps from pricing normalization.
- FY2023 guidance maintained: adj EBITDA $200-225M, EPS $7.50-8.00, same-store sales flat to up mid-single digits.
- Inventory rose to $593M vs $293M year ago due to seasonal builds and acquisitions; long-term debt $463M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772921/000177292123000003/0001772921-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772921/000177292123000003/onew-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001772921-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer