secwatch.observer — SEC 8-K summary
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Issuer:     OneWater Marine Inc. (ONEW)
CIK:        0001772921
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001772921-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneWater Marine Q2 net loss $4.5M; revenue down 7% to $488M; maintains FY guidance
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- Revenue $488.3M (-6.9% YoY); same-store sales -5% but +4% on two-year stack.
- GAAP net loss $(4.5)M ($(0.27)/diluted); adjusted diluted EPS $0.67 vs $1.81 last year.
- Adjusted EBITDA $28.3M, down 47.8% YoY; gross margin 24.6%, down 340 bps.
- Restructuring charges $11.8M (headcount, store closures, IT projects); tornado-related costs $2.5M.
- FY 2024 guidance maintained: same-store sales up low-to-mid single digits, EBITDA $130-155M, adj. EPS $3.25-$3.75.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772921/000177292124000034/0001772921-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772921/000177292124000034/onew-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001772921-24-000034

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