OneWater Marine FY2023 revenue up 11% to $1.94B; net loss $39M on $147M impairment; guides FY2024 EBITDA $130-155M

OneWater Marine Inc.

Revenue $1.94B (+11% YoY); same-store sales +3%; gross margin 27.6% (down 330 bps).
Net loss $(39.1)M ($(2.69) diluted EPS) due to $147M non-cash impairment; adjusted EPS $5.10.
Q4 revenue $451M (+13.4%); net loss $(110.9)M; adjusted EPS $0.42 vs $1.68 prior year.
Adjusted EBITDA FY2023 $167M (-32.4% YoY); FY2024 guidance $130-155M; EPS $3.25-3.75.
Inventory $609.6M (up 63% YoY); long-term debt $457.8M; liquidity >$100M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

OneWater Marine Inc. reported financial results for fiscal fourth quarter and year ended September 30, 2023.

Period: fiscal fourth quarter and year ended September 30, 2023
Result: reported results

Exact text from the filing

On November 16, 2023 , OneWater Marine Inc. (the “Company”) issued a press release announcing the Company’s operating and financial results for the fiscal fourth quarter and year ended September 30, 2023.

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OneWater Marine Inc. filing history →

Source: SEC EDGAR

accession 0001772921-23-000074

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