Financial Data and Key Metrics Changes - Fiscal Q4 2024 revenue decreased 16% to $378 million from $451 million in Q4 2023, with new boat sales down 18% to $217 million and pre-owned boat sales down 20% to $73 million [24][30] - Gross profit decreased 24% to $91 million in Q4 2024 compared to $119 million in Q4 2023, driven by a return to pre-COVID margins and restructuring charges [26][30] - Full year 2024 net loss totaled $6 million or $0.39 per diluted share compared to a net loss of $39 million or $2.69 per diluted share in the prior year [32] Business Line Data and Key Metrics Changes - Same-store sales for the full year 2024 were down 7%, reflecting softer demand in the recreational marine market [12][29] - Revenue from service parts and other sales decreased 10% to $291 million for fiscal 2024, driven by lower sales from the distribution segment [30] Market Data and Key Metrics Changes - The marine industry faced challenges as demand and pricing reset to historical norms, with elevated inventory levels common across the industry [10][21] - The Fort Lauderdale boat show reported record unit sales up double-digits compared to the prior year, indicating sustained customer appetite despite economic uncertainties [19] Company Strategy and Development Direction - The company executed cost-saving measures in Q4, including rationalizing brands and consolidating service facilities, expecting benefits in 2025 [11][35] - The company remains focused on disciplined expense management and aligning inventory with retail demand, with expectations of a 10% decrease in inventory next year [21][33] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, anticipating total sales between $1.7 billion and $1.85 billion, with same-store sales expected to increase in the low-single digits [35] - The impact of Hurricanes Helene and Milton is expected to affect sales recovery, with management noting that customers may take time to return to the market [39][62] Other Important Information - Total liquidity as of September 30, 2024, was $30 million, including $17 million in cash [33] - The company is actively monitoring the M&A market, with a pipeline of opportunistic transactions that meet financial criteria [14][52] Q&A Session Summary Question: What was the impact on revenue and EBITDA in the quarter from Hurricane Helene? - Management estimated the impact to be in the $30 million range, with some sales being recouped on the East Coast of Florida [37] Question: How does management view the state of the boat consumer? - Management noted a positive sentiment at the Fort Lauderdale show, indicating a shift in consumer confidence despite economic uncertainties [44][46] Question: Why did same-store sales lag the industry? - Management attributed the lag to geographic concentration in Florida and the impact of hurricanes, which affected service and retail operations [50] Question: What is the outlook for gross margins in fiscal 2025? - Management expressed cautious optimism for margin improvement as inventory issues are resolved, but noted that promotional activities may still affect margins [54][58] Question: What are the expectations for cash uses and M&A flexibility? - Management indicated that they continue to look for acquisitions with minimal capital outlay while working to reduce debt [51][52]

Core Viewpoint - OneWater Marine reported a significant decline in revenue and earnings per share (EPS) for the quarter ended September 2024, missing Wall Street expectations [1][3]. Financial Performance - Revenue for the quarter was $377.86 million, down 16.2% year-over-year, and below the Zacks Consensus Estimate of $417.8 million, resulting in a surprise of -9.56% [1]. - EPS for the quarter was -$0.36, compared to $0.42 a year ago, reflecting a surprise of -550.00% against the consensus estimate of $0.08 [1]. Revenue Breakdown - New boat revenue was $216.74 million, missing the average estimate of $241.85 million, and down 18% year-over-year [3]. - Service, parts & other revenue was $76.27 million, below the average estimate of $79.70 million, representing a decline of 6.7% year-over-year [3]. - Finance & insurance income was $11.47 million, compared to the estimated $12.70 million, marking a 12% decrease from the previous year [3]. - Pre-owned boat revenue was $73.37 million, significantly lower than the estimated $88.40 million, reflecting a 20.1% year-over-year decline [3]. Gross Profit Analysis - Gross profit from new boats was $35.40 million, below the average estimate of $41.05 million [3]. - Gross profit from service, parts & other was $29.72 million, compared to the average estimate of $31.90 million [3]. - Gross profit from finance & insurance income matched the revenue figure of $11.47 million, below the average estimate of $12.70 million [3]. - Gross profit from pre-owned boats was $14.06 million, compared to the estimated $17.20 million [3]. Stock Performance - Over the past month, OneWater Marine's shares returned +1.7%, while the Zacks S&P 500 composite increased by +3.1% [4]. - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4].

Company Performance - OneWater Marine reported a quarterly loss of $0.36 per share, significantly missing the Zacks Consensus Estimate of $0.08, and down from earnings of $0.42 per share a year ago, representing an earnings surprise of -550% [1] - The company posted revenues of $377.86 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 9.56%, and down from $450.98 million in the same quarter last year [2] - Over the last four quarters, OneWater Marine has not surpassed consensus EPS or revenue estimates [2] Stock Performance - OneWater Marine shares have declined approximately 29.9% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.56 on revenues of $354.3 million, while for the current fiscal year, it is $2.55 on revenues of $1.89 billion [7] Industry Outlook - The Leisure and Recreation Products industry, to which OneWater Marine belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact OneWater Marine's stock performance [5]

The upcoming report from OneWater Marine (ONEW) is expected to reveal quarterly earnings of $0.08 per share, indicating a decline of 81% compared to the year-ago period. Analysts forecast revenues of $417.8 million, representing a decrease of 7.4% year over year.The consensus EPS estimate for the quarter has been revised 12% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...

Wall Street expects a year-over-year decline in earnings on lower revenues when OneWater Marine (ONEW) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 14, 2024, might help the stock move higher if these key numbers are better t ...

OneWater Marine (ONEW) shares rallied 10.1% in the last trading session to close at $25.81. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11% gain over the past four weeks.OneWater’s stock rally is driven by optimism regarding the company’s proactive cost-cutting measures and strategic inventory reductions. This, along with a promising M&A pipeline, adds confidence to the company’s strategy for fiscal 2025 ...

Shares of recreational boat and yacht retailer OneWater Marine (ONEW -15.76%) fell 14.1% through 12:30 p.m. ET Tuesday after badly underperforming analyst forecasts for the company's fiscal Q3 2024. OneWater Marine Q3 earnings Management put the best spin it could on the results. While sales declined 9% year over year, for example, CEO Austin Singleton pointed out that OneWater suffered "severe weather impact in Texas" and still "significantly" outperformed the rest of the recreational boating industry. Is ...

OneWater Marine (ONEW) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -49.03%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.67, delivering a surprise of -6.94%. Over the last four quarters, the compa ...

♀ＮＥＷ ∧ ＴＥＲ | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|-------------|-------------------------------|-----------------------------|------------| | For the Three Months Ended June 30 \nRevenues | | 2024 | 2023 \n(unaudited, $ in | $ Change \n thousands) | % Change | | New boat | $ | 333,162 $ | 371,645 $ | (38,483) | (10.4)% | | Pre-owned boat | | 106,889 | 111,469 | (4,580) | (4.1)% | | Finance & insurance income | | 17,932 | 19,028 | (1,096) ...

BUFORD, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (the "Company" or "OneWater") announced today that it will release its third quarter 2024 financial results on Tuesday, July 30th, 2024, before the market opens. Following the release, the Company's management team will host a conference call to discuss the results at 8:30 a.m. Eastern Time that day. To access via phone, participants can use the dial in below: Event: OneWater Marine Inc. Fiscal Third Quarter 2024 Conference C ...