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OneWater Marine Q3 net income rises to $11.7M; margin expands, leverage drops to 3.7x
Revenue $530.7M (-4% YoY); same-store sales -2%; gross margin 24.0% (+70 bps).
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OneWater Marine Q2 revenue down 9% to $442M; net loss of $13M; margins improve, debt reduced
Revenue $442.3M (-8.5% YoY); same-store sales -8%; new boat revenue -12.1%.
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OneWater Marine sells Ocean Bio-Chem for $50M cash; records ~$9.6M loss on sale
Sold Ocean Bio-Chem to Recochem Inc. for estimated $50M cash (base $55M less ~$5M working capital adjustments).
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OneWater Marine sells Ocean Bio-Chem for $50M, updates FY 2026 guidance
Completed sale of Ocean Bio-Chem Holdings for $50M; proceeds to reduce debt, target net leverage below 4.0x by FY end.
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OneWater Marine Q1 revenue up 1.3% to $380.6M; net loss narrows; maintains FY guidance
Revenue $380.6M (+1.3% YoY); same-store sales flat; new boat revenue down 5.9%, pre-owned up 24%.
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OneWater Marine amends credit facilities, extends maturities to 2027 and increases borrowing capacity
Maturity under Credit Agreement extended to July 31, 2027; covenants and interest rates adjusted.
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OneWater Marine FY2025 net loss $116M; adj. EPS $0.44 vs $0.98; guides FY2026 below consensus
FY2025 revenue $1.87B (+6% YoY); same-store sales +6%; net loss $(116)M ($(7.22)/sh) due to $146M goodwill impairment.
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OneWater Marine appoints Aisquith CEO, Singleton Executive Chairman, Ezzell COO
Anthony Aisquith named CEO, retains Board seat; P. Austin Singleton transitions to Executive Chairman.
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OneWater Marine Q3 revenue up 2% to $553M; net income falls, guides FY EBITDA $65-80M
Revenue $552.9M (+1.9% YoY); same-store sales +2%; new boat -2.1%, pre-owned +17.8%.
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OneWater Marine Q2 revenue down 1%; adjusted EPS $0.13 vs $0.67; FY outlook trimmed
Revenue $483.5M (-1% YoY); same-store sales -2%; GAAP net loss $0.4M (-$0.02 per share).
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OneWater Q1 revenue up 3% to $376M; net loss widens to $0.81 per share
Revenue $375.8M (+3.2% YoY); same-store sales +4.2% on higher unit sales.
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OneWater Marine reports FY2024 net loss $6.2M, revenue down 8.5%; amends credit agreements
FY2024 revenue $1.78B (-8.5% YoY); same-store sales -7%; GAAP net loss $6.2M (-$0.39/diluted).
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Hurricane Helene to impact OneWater's 26 Gulf Coast locations; FY guidance revised downward
26 Gulf Coast locations activated disaster plan; 21 additional locations in AL, GA, SC face flooding.
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OneWater Marine Q3 revenue down 9%; adj. EPS $1.05; guides FY adj. EBITDA $90-100M
Revenue $542.4M, down 8.7% YoY; same-store sales down 8%.
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OneWater Marine Q2 net loss $4.5M; revenue down 7% to $488M; maintains FY guidance
Revenue $488.3M (-6.9% YoY); same-store sales -5% but +4% on two-year stack.
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OneWater posts Q1 net loss $8M, revenue down 1% to $364M; guides FY same-store sales up low-to-mid single digits
GAAP net loss of $8.0M ($0.49 diluted loss); adjusted diluted loss per share $0.38.
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OneWater Marine FY2023 revenue up 11% to $1.94B; net loss $39M on $147M impairment; guides FY2024 EBITDA $130-155M
Revenue $1.94B (+11% YoY); same-store sales +3%; gross margin 27.6% (down 330 bps).
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OneWater Marine Q3 net income halved to $33.3M; lowers FY2023 Adjusted EBITDA guidance
Revenue $594.3M (+4.5% YoY), but net income fell to $33.3M from $64.5M; diluted EPS $1.95 vs $3.86.
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OneWater Marine Q2 revenue record $524M (+19%), net income $27M vs $42M, EPS $1.56; adj EBITDA down 22%
Revenue increased 19% to $524M, a fiscal Q2 record; same-store sales up 11%.
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OneWater Marine Q1 net income $11.4M ($0.61 EPS) down 51% YoY; lowers FY guidance
Revenue $366.7M (+9% YoY record Q1); service/parts/other up 86% to $70M.
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OneWater Marine reports record FY2022 revenue $1.74B, net income $153M, Adj. EBITDA $248M
FY2022 revenue $1.74B (+42% YoY); same-store sales +12%; gross margin expanded 260 bps to 31.7%.
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OneWater Marine pro forma: FY2021 net income $83.9M, 9mo2022 $101.4M from THMS and OBCI acquisitions
Pro forma combined revenue $1.385B for FY2021, $1.405B for 9mo2022; diluted EPS $7.30 and $7.90 respectively.
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OneWater Marine to acquire Harbor View Marine (~$21M sales) to strengthen Gulf Coast footprint
Definitive agreement to buy Harbor View Marine, a Pensacola, FL and Orange Beach, AL dealership.
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OneWater completes acquisition of Taylor Marine Centers, strengthens Mid-Atlantic presence
Completed previously announced acquisition of Taylor Marine Centers on October 4, 2022.
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OneWater Marine to acquire Taylor Marine Centers; expands Mid-Atlantic presence
Taylor Marine Centers generated approximately $29M in sales over the past twelve months.
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OneWater Marine completes $124.4M acquisition of Ocean Bio-Chem; obtains $510M credit facility
Acquired Ocean Bio-Chem for approx. $124.4M in cash ($13.08/share), adding marine parts & accessories.
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OneWater Marine Q3 revenue up 41% to $569M, EPS $3.86, Adj. EBITDA +45%
Revenue $569M (+41% YoY); same-store sales +12%. Gross margin expanded 90bps to 32.3%.
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OneWater Marine to acquire Ocean Bio-Chem for ~$125M all-cash, $13.08/share
OneWater will pay $13.08 per share for Ocean Bio-Chem (OBCI); total enterprise value ~$125M.
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OneWater Marine Q2 revenue up 34% to $442M, EPS $2.54, up 39% YoY
Net income $42M (+38%); diluted EPS $2.54 (+39%); Adjusted EBITDA $66M (+65%).
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OneWater Marine completes acquisition of Denison Yachting, issuing 253,840 shares valued at ~$9.7M
Acquisition closed April 1, 2022; consideration includes 253,840 shares of Class A common stock worth approx $9.7 million.
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OneWater Marine agrees to acquire Denison Yachting for cash and ~$10M in stock
Deal includes cash and ~$10M in OneWater Class A common stock; expected close in fiscal Q3 2022.
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OneWater Marine's T-H Marine acquires YakGear to expand paddle sports aftermarket
T-H Marine, a OneWater subsidiary, acquired YakGear, a supplier of kayak and paddle sports accessories.