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OneWater Marine Inc. reported record fiscal third quarter results, with revenue increasing by 41% and Adjusted EBITDA rising by 45%. The company's performance was driven by strength across the business, diversity in its model, and a robust acquisition strategy.
Revenue increased 41% to $569 million
Same-store sales increased 12%
Gross profit margin expanded 90 basis points to 32.3%
Net income increased 25% to $64 million
The Company is raising its fiscal full year 2022 outlook for Adjusted EBITDA to be in the range of $240 million to $250 million and earnings per diluted share to be in the range of $9.20 to $9.60.