OneWater Marine Inc. Announces Fiscal Second Quarter 2024 Results
OneWater Marine Inc. - Class A (ONEW)
Company Research
Source: GlobeNewswire
Fiscal Second Quarter 2024 Highlights Revenue decreased 7% to $488 millionSame-store sales decreased 5% for the quarter; average annual increase of 4% over last two yearsGross profit margin of 24.6%GAAP net loss of $(5) million, or $(0.27) per diluted share and adjusted diluted earnings per share1 of $0.67Adjusted EBITDA1 was $28 million BUFORD, Ga., May 02, 2024 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced results for its fiscal second quarter ended March 31, 2024. “Our second quarter results were largely in line with our expectations and historical seasonality as we continue to outperform the industry. Like the first quarter, the selling environment remains competitive and boat pricing continues to moderate. However, our margins are stabilizing, and finance & insurance penetration remains strong, which is encouraging as we head into the summer selling season,” commented Austin Singleton, Chief Executive
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News
- OneWater Marine Inc. (NASDAQ: ONEW) had its price target lowered by analysts at KeyCorp from $34.00 to $30.00. They now have an "overweight" rating on the stock.MarketBeat
- OneWater Marine Inc. (NASDAQ:ONEW) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- OneWater Marine Second Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- OneWater Marine (ONEW) Reports Q2 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- OneWater Marine: Fiscal Q2 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
ONEW
Earnings
- 5/2/24 - Miss
ONEW
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 3/6/24 - Form 4
- ONEW's page on the SEC website