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Mar 31, 2023
OneWater Marine Q2 2023 Earnings Report
Revenue increased driven by strong new boat sales and service, parts and other sales from acquired businesses.
Key Takeaways
OneWater Marine Inc. reported a 19% increase in revenue to $524 million for the fiscal second quarter of 2023, a new record. Same-store sales increased by 11%, and service, parts, and other revenue grew by 28%. Net income for the quarter was $27 million, or $1.56 per diluted share.
Revenue increased 19% to $524 million, a new fiscal second quarter record.
Service, parts & other revenue grew 28% to $78 million.
Same-store sales increased 11%.
Gross profit margin of 28% remains strong.
OneWater Marine
OneWater Marine
OneWater Marine Revenue by Segment
Revenue by Segment
Finance & Insurance Income Revenue
CapyFin.com Forward Guidance
The Company is maintaining its previously issued fiscal full year 2023 outlook.