earnings
confidence high
sentiment negative
materiality 0.80
OneWater Marine reports FY2024 net loss $6.2M, revenue down 8.5%; amends credit agreements
OneWater Marine Inc.
- FY2024 revenue $1.78B (-8.5% YoY); same-store sales -7%; GAAP net loss $6.2M (-$0.39/diluted).
- Adjusted diluted EPS $0.98 vs $5.10 prior year; adjusted EBITDA $82M vs $176M (-53.2%).
- Q4 revenue $377.9M (-16.2%); net loss $10.4M (-$0.63/diluted); adjusted EBITDA $7.8M (-73.7%).
- FY2025 guidance: revenue $1.7B-$1.85B, same-store sales up low single digits, adj. EBITDA $80M-$110M, adj. EPS $1.00-$2.00.
- Amended credit agreements extended maturity to July 2026, waived Q4 covenant compliance, reduced inventory borrowing capacity to $595M.