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Sep 30, 2020
OneWater Marine Q4 2020 Earnings Report
OneWater Marine's Q4 2020 earnings showcased strong growth, driven by solid execution and a leading digital platform.
Key Takeaways
OneWater Marine Inc. reported a strong fiscal fourth quarter with a 29.8% increase in revenue compared to the previous year, driven by increased average unit prices and operational improvements. Same-store sales increased by 25%, and net income rose by 18.9%.
Revenue for the fiscal fourth quarter increased by 29.8% to $271.0 million.
Same-store sales increased 25% during the fiscal fourth quarter.
Net income for the fiscal fourth quarter totaled $6.0 million, an increase of 18.9%.
Adjusted EBITDA increased 108.0% to $23.0 million.
Revenue by Segment
Forward Guidance
For fiscal full year 2021, OneWater anticipates same store sales to be up mid-single digits and Adjusted EBITDA to be up low- to mid-single digits, excluding acquisitions completed during the year.
Positive Outlook
- Strong retail demand expected to continue into the 2021 boating season.
- M&A pipeline remains robust and is a cornerstone to long-term growth strategy.
- Anticipate returning to the cadence of transactions routinely completed prior to IPO.
- Remain focused on executing growth strategy.
- Driving long-term shareholder value.
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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