earnings
confidence high
sentiment negative
materiality 0.75
OneWater Marine Q3 revenue down 9%; adj. EPS $1.05; guides FY adj. EBITDA $90-100M
OneWater Marine Inc.
- Revenue $542.4M, down 8.7% YoY; same-store sales down 8%.
- GAAP net income $16.7M ($0.99 diluted); adjusted diluted EPS $1.05.
- Adjusted EBITDA $39.2M, down 36.6% from $61.9M in prior year quarter.
- Inventory fell 13% sequentially to $598.6M; liquidity over $60.0M.
- FY2024 guidance: same-store sales down mid-single digits; adj. EBITDA $90-100M; adj. EPS $1.50-$2.00.