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Mar 31, 2021
OneWater Marine Q2 2021 Earnings Report
Reported record results, driven by broad-based strength and strong consumer demand.
Key Takeaways
OneWater Marine Inc. announced record fiscal second quarter 2021 results with revenue increasing 74% to $329.6 million and net income increasing 10-fold to $30.6 million.
Record Revenue increased 74% to $329.6 million
Same-store sales increased 57%
Net income increased 10-times to $30.6 million, or $1.83 per diluted share
Adjusted EBITDA increased 315% to $40.1 million
Revenue by Segment
Forward Guidance
OneWater is increasing its outlook for the fiscal full year 2021.
Positive Outlook
- Same store sales to increase in the mid-to-upper teens
- Adjusted EBITDA to be in the range of $130 million to $135 million
- Diluted earnings per share to be in the range of $5.80 to $6.00
- Excluding any acquisitions that may be completed later in the year
- Outlook assumes OneWater’s manufacturers can maintain production at the current pace to meet elevated demand levels in the face of industry-wide supply chain constraints
Challenges Ahead
- Industry-wide supply chain constraints
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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