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Jun 30, 2024
OneWater Marine Q3 2024 Earnings Report
OneWater Marine's Q3 2024 performance was impacted by adverse weather in Texas but still outperformed industry, with strategic inventory management and cost structure management.
Key Takeaways
OneWater Marine Inc. reported a decrease in revenue by 9% to $542 million compared to the previous year. Same-store sales decreased by 8%. Net income was $17 million, or $0.99 per diluted share, with adjusted diluted earnings per share at $1.05. The company focused on managing inventory and expenses amid a weaker market environment.
Revenue decreased by 9% to $542 million.
Same-store sales decreased by 8%.
GAAP net income was $17 million, or $0.99 per diluted share; adjusted diluted earnings per share was $1.05.
Adjusted EBITDA was $39 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
OneWater anticipates dealership same-store sales to be down mid-single digits for fiscal year 2024. Adjusted EBITDA is expected to be in the range of $90 million to $100 million and adjusted earnings per diluted share is expected to be in the range of $1.50 to $2.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income