other material
confidence high
sentiment negative
materiality 0.65
Hurricane Helene to impact OneWater's 26 Gulf Coast locations; FY guidance revised downward
OneWater Marine Inc.
- 26 Gulf Coast locations activated disaster plan; 21 additional locations in AL, GA, SC face flooding.
- September sales expected lower than anticipated; FY results now at bottom or slightly below guidance.
- Insurance moratoriums in certain areas prevent customers from binding boat insurance, impacting Q4 sales.
- Company expects to recover sales from non-directly-affected locations in early FY2025.