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Stock impact report

OneWater Marine Inc. Announces Fiscal Second Quarter 2022 Results

OneWater Marine Inc. - Class A (ONEW) 
Company Research Source: GlobeNewswire
Fiscal Second Quarter 2022 Highlights Revenue increased 34% to $442 millionSame-store sales increased 8%Gross profit margin expanded 530 basis points to 32.2%Net income increased 38% to $42 millionNet income per diluted share attributable to OneWater increased 39% to $2.54Adjusted EBITDA1 increased 65% to $66 millionCompleted two strategic acquisitions and announced a third BUFORD, Ga., May 05, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced results for its fiscal second quarter ended March 31, 2022. "We had another exceptional quarter, delivering 34% revenue growth, expanding gross margins by 530 basis points and driving EPS up 39% year-over-year. In the fiscal second quarter, we also completed the acquisitions of JIF Marine and YakGear, accelerating our parts and services revenue that saw a 178% increase, while at the same time further diversifying our business,” commented Austin Singleton, Chief Execu Show less Read more
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