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Dec 31, 2019
OneWater Marine Q1 2020 Earnings Report
Reported strong revenue growth and completed initial public offering.
Key Takeaways
OneWater Marine reported a revenue increase of 49% to $153.7 million and same-store sales growth of 17% for the fiscal first quarter ended December 31, 2019. The company's operating income increased by 176% to $3.0 million, and finance & insurance income doubled. A net loss of $1.1 million was reported, while adjusted EBITDA rose to $1.1 million.
Revenue increased 49% to $153.7 million.
Same-store sales grew 17%.
Pre-owned boat sales increased 90% to $37.8 million.
Finance & insurance income increased 100% to $4.3 million.
OneWater Marine
OneWater Marine
OneWater Marine Revenue by Segment
Revenue by Segment
New Boat Sales Revenue
CapyFin.comPre-Owned Boat Sales Revenue
CapyFin.comFinance & Insurance Income Revenue
CapyFin.comService, Parts & Other Sales Revenue
CapyFin.com Forward Guidance
For fiscal year 2020, the Company expects same-store sales growth of low double-digits and adjusted EBITDA in the range of $56.0 million to $58.0 million. These amounts exclude the impact of any acquisitions that the Company may complete during the fiscal year 2020.
Positive Outlook
- Expects same-store sales growth of low double-digits
- Adjusted EBITDA in the range of $56.0 million to $58.0 million
- Solid consumer retail trends will continue.
- Agility of team and operations allow quick reaction to macroeconomic disruptions.
- Pipeline of high-quality dealerships to add remains robust.
Revenue & Expenses
Visualization of income flow from segment revenue to net income