BUFORD, Ga., May 01, 2024 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ:ONEW) ("OneWater" or the "Company") announced today that it has completed the previously announced acquisition of Garden State Yacht Sales ("Garden State"), which further expands the Company's presence in the Mid-Atlantic U.S. and enhances new and pre-owned boat sales, finance, and parts and services offerings. "We would like to thank the Stavola family for the tremendous opportunity to build on Garden State's strong reputation," sai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39213 Washington, D.C. 20549 ________________________________________________________ OneWater Marine Inc. (Exact name of registrant as specified in its charter) FORM 10-Q ________________________________________________________ þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ______________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number 001-39213 ______________________________________ OneWate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-3 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39213 OneWater Marine Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ þ QUARTE ...

Financial Data and Key Metrics Changes - Fiscal second quarter revenue increased by 19% to $524 million in 2023 from $442 million in the prior year quarter, driven by an 11% increase in same-store sales and revenue from acquisitions [38][50] - New boat sales rose by 23% to $355 million, while pre-owned boat sales remained flat at $75 million [38] - Gross margin for new boat sales decreased to 23%, down from 28% a year ago, but still ahead of the 17% range of 2019 [33][38] - Operating income decreased by 18% to $49 million compared to $59 million in the prior year, and adjusted EBITDA decreased to $52 million from $66 million [58] - Net income for the fiscal second quarter totaled $27 million or $1.56 per diluted share, down from $42 million or $2.54 per diluted share in the prior year [58] Business Line Data and Key Metrics Changes - Service parts and other sales climbed by 28% to $78 million, driven by contributions from recently acquired businesses and solid organic growth [57] - Finance and Insurance increased slightly by 3% [57] - Selling, general and administrative expenses increased to $90 million from $75 million, with SG&A as a percentage of sales remaining flat at 17% [39] Market Data and Key Metrics Changes - The demand environment remains healthy, with good boat show attendance and store traffic [32] - Inventory weeks on hand are lower than both industry averages and 2019 metrics, indicating effective inventory management [36] - The company is seeing a change in customer buying cadence as the industry returns to a normal seasonal cycle [53] Company Strategy and Development Direction - The company aims to maintain appropriate inventory levels as it prepares for the summer selling season, focusing on clean inventory as it transitions into the 2024 model year [66] - The acquisition pipeline remains robust, with the company remaining opportunistic yet disciplined in evaluating potential transactions [30][60] - The company is focused on maintaining a double-digit EBITDA margin and close to 30% gross margin, even if it means adjusting new boat margins [20][78] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the macroeconomic environment but remains optimistic about the upcoming boating season [2][3] - The company anticipates that destocking at retailers will normalize over the summer selling season, positioning it to capitalize on returning demand [37] - Management noted that customer credit is still available, albeit at higher rates, and banks continue to be diligent in underwriting loans [54] Other Important Information - Total liquidity as of March 31, 2023, was in excess of $100 million, with total inventory at $593 million [59] - The company is actively assessing strategic targets for acquisitions while maintaining a balance between internal investments and share repurchases [60] Q&A Session All Questions and Answers Question: How did the same-store sales performance compare to industry data? - The company outperformed the industry due to strong execution and aggressive marketplace strategies, resulting in a same-store sales growth of 11% [42][43] Question: What are the expectations for April's performance? - April is expected to show flat to mid-single-digit same-store sales growth, with a decent start noted [62] Question: Can you provide more detail on the balance of unit growth versus price growth? - Unit growth was about half driven by units and half by price, indicating a balanced approach in sales [74] Question: How does the company view the current inventory levels in the industry? - The company believes that the industry is starting to normalize inventory levels, with a focus on being better positioned than competitors [79] Question: What is the outlook for the marine market compared to the RV market? - The marine industry appears stronger than the RV market, with elevated margins expected to continue [30]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39213 OneWater Marine Inc. (Exact name of registrant as specified in its charter) Delaware (State or other juri ...

OneWater Marine Inc. Q1 2023 Earnings Conference Call February 2, 2023 8:30 AM ET Company Participants Jack Ezzell - CFO Austin Singleton - CEO Anthony Aisquith - President and COO Conference Call Participants Joe Altobello - Raymond James Drew Crum - Stifel Michael Swartz - Truist Craig Kennison - Baird Griffin Ryan - D.A. Davidson Operator Good day and thank you for standing by. And welcome to the OneWater Marine Inc. Fiscal First Quarter 2023 Earnings Conference Call. At this time, all participants are i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number 001-39213 OneWater Marine Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdictio ...

Financial Data and Key Metrics Changes - Full year 2022 revenue increased 42% to $1.7 billion, following a 20% growth in 2021 [5][25] - Adjusted EBITDA for full year 2022 was $248 million, a nearly 60% increase [6][27] - Fiscal fourth quarter revenue rose 42% to $398 million from $280 million in the prior year quarter [21] - Net income for the fiscal fourth quarter totaled $22 million or $1.28 per diluted share, flat compared to the prior year [24] Business Line Data and Key Metrics Changes - Service, parts, and other sales increased 164% year-over-year to $255 million for fiscal 2022 [5][25] - In the fourth quarter, revenue from service, parts, and other sales increased 201% to $81 million [22][16] - New boat sales grew 22% to $236 million in the fiscal fourth quarter of 2022 [21] Market Data and Key Metrics Changes - Same-store sales growth for the full year was 12%, marking the fifth consecutive year of double-digit growth [5][25] - Inventory levels improved but remained below pre-COVID levels, with total inventory at $373 million as of September 30, 2022 [28] Company Strategy and Development Direction - The company is focused on diversifying its revenue streams, particularly in higher-margin service and parts sales [5][16] - The acquisition strategy remains a priority, with four dealership acquisitions completed in 2022 and plans for more in 2023 [7][31] - Partnerships with Forza X1 and The Sport Fishing Championship were established to enhance customer engagement and brand visibility [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from Hurricane Ian, estimating a $25 million revenue impact due to delayed sales [18][21] - The company expects robust demand to moderate to traditional seasonal cycles in 2023, with same-store sales anticipated to increase in low to mid-single digits [30] - Management remains cautious about the M&A market, indicating a prudent approach to acquisitions in the current environment [40][41] Other Important Information - Total long-term debt stands at $443 million, with a net debt to adjusted EBITDA ratio of 1.6x [29] - The company reported $2 million in expenses related to Hurricane Ian, with ongoing recovery efforts in affected locations [44] Q&A Session Summary Question: Product mix impact on gross margin - Management indicated that the demand for larger boats (40 feet and above) remains strong, while smaller boats are seeing easing demand [34] Question: Inventory status compared to 2019 - Current inventory levels are around 11 to 12 weeks on hand, compared to 20 to 22 weeks in 2019, indicating room for growth [37][39] Question: M&A market outlook for 2023 - Management plans to monitor the macro environment closely and will be prudent in pursuing acquisitions, focusing on those with significant upside potential [40][41] Question: Costs associated with Hurricane Ian - Estimated costs related to Hurricane Ian are around $2 million, with ongoing recovery efforts at impacted locations [44] Question: Promotional activity and market dynamics - Currently, there is limited promotional activity, with some dealers discounting last year's models as inventory remains in good shape [46][47]