OneWater Marine (ONEW) reported $483.52 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 1%. EPS of $0.13 for the same period compares to $0.67 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $496.25 million, representing a surprise of -2.57%. The company delivered an EPS surprise of -48.00%, with the consensus EPS estimate being $0.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

OneWater Marine (ONEW) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -48%. A quarter ago, it was expected that this company would post a loss of $0.94 per share when it actually produced a loss of $0.54, delivering a surprise of 42.55%.Over the last four quarters, the company has su ...

OneWater Marine (ONEW) Q2 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Thank you. I would now like to turn the conference over to Jack Ezel, Chief Financial Officer. Please go ahead. Speaker1 Good morning, and welcome to OneWaterine's fiscal second quarter twenty twenty five earnings conference call. I'm joined on the call today by Austin Singleton, Chief Executive Officer and Anthony Aspleth, President and Chief Operating Officer. Before we begin, I'd like to remind you that certain statements made ...

"From where we stand today, we do not expect the announced tariffs to have a material impact on our current model year product and will work closely with our manufacturing partners as we prepare for the upcoming model year boats. However, we are taking a more cautious approach to the selling season given the impact of considerable macroeconomic uncertainty on consumer demand. Consequently, we are updating our outlook for the remainder of the year. As we navigate this difficult environment, we remain focused ...

Wall Street expects a year-over-year decline in earnings on higher revenues when OneWater Marine (ONEW) reports results for the quarter ended March 2025. 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 May 1, 2025, might help the stock move higher if these key numbers are better than expec ...

Group 1 - OneWater Marine (ONEW) is a notable stock within the Consumer Discretionary sector, which consists of 268 companies and is currently ranked 11 in the Zacks Sector Rank [2] - OneWater Marine has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for its full-year earnings increasing by 9% in the past quarter [3] - Year-to-date, OneWater Marine has returned approximately 0.9%, outperforming the Consumer Discretionary sector average return of -2.8% [4] Group 2 - OneWater Marine belongs to the Leisure and Recreation Products industry, which includes 23 companies and is currently ranked 176 in the Zacks Industry Rank [5] - The Leisure and Recreation Products industry has seen an average gain of about 3.1% year-to-date, indicating that OneWater Marine is slightly underperforming its industry [5] - Another stock in the Consumer Discretionary sector, PIGEON CORP (PGENY), has significantly outperformed the sector with a year-to-date return of 49.9% [4][6]

Core Viewpoint - OneWater Marine (ONEW) has shown a recent price increase of 5.1% and has a mean price target of $22.80, indicating a potential upside of 27.1% from its current price of $17.94 [1] Price Targets - The average price targets from analysts range from a low of $19 to a high of $25, with a standard deviation of $2.49, suggesting a variability in estimates [2] - The lowest estimate indicates a 5.9% increase, while the highest suggests a 39.4% upside [2] - A low standard deviation indicates a higher agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts are optimistic about ONEW's earnings prospects, as indicated by upward revisions in earnings estimates, which have shown a strong correlation with stock price movements [9] - Over the last 30 days, two earnings estimates have increased, leading to a Zacks Consensus Estimate rise of 11.2% [10] Zacks Rank - ONEW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a solid potential upside [11] Caution on Price Targets - While price targets can provide insights, relying solely on them for investment decisions may lead to disappointing returns, and they should be approached with skepticism [8][12]

Core Viewpoint - OneWater Marine (ONEW) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that revisions in earnings estimates can lead to significant price changes [4][6]. - The recent upgrade for OneWater Marine reflects an improvement in its earnings outlook, which is expected to positively impact its stock price [3][5]. Earnings Estimate Revisions - OneWater Marine is projected to earn $1.57 per share for the fiscal year ending September 2025, representing a year-over-year increase of 60.2% [8]. - Over the past three months, the Zacks Consensus Estimate for OneWater Marine has increased by 9%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - OneWater Marine's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for the stock in the near term [10].

Revenue Performance - Total revenues for the three months ended December 31, 2024, increased to $375.814 million, up from $364.013 million in the same period of 2023, representing a growth of 2.4%[18] - New boat sales revenue reached $247.997 million, compared to $241.084 million in the prior year, reflecting an increase of 2.5%[18] - Sales from the top ten brands accounted for approximately 45.7% of total sales for the three months ended December 31, 2024, down from 48.9% in the same period of 2023[28] - The company recognized revenue from contract liabilities of $38.41 million for the three months ended December 31, 2024, compared to $31.38 million for the same period in 2023, indicating a year-over-year increase of approximately 22.5%[46] - Revenue from goods and services transferred at a point in time accounted for 92.6% of total revenue for the three months ended December 31, 2024, slightly down from 92.7% in the same period of 2023[47] Financial Losses - The net loss attributable to OneWater Marine Inc. for the quarter was $11.971 million, compared to a net loss of $7.170 million in the same quarter of 2023, indicating a deterioration in performance[18] - For the three months ended December 31, 2024, OneWater Marine Inc. reported a net loss of $13,612,000, compared to a net loss of $7,970,000 for the same period in 2023, indicating a year-over-year increase in losses of approximately 71.5%[23] - Net loss increased by $5.6 million to $13.6 million for the three months ended December 31, 2024, compared to $8.0 million for the same period in 2023[176] - Adjusted net loss attributable to OneWater Marine Inc. was $8.0 million for the three months ended December 31, 2024, compared to $5.4 million for the same period in 2023, indicating a decrease of $2.54 million[190] Cash Flow and Assets - The company’s cash position improved to $22.711 million as of December 31, 2024, compared to $16.849 million at the end of September 2024, an increase of 34.8%[16] - Total current assets increased to $797.474 million as of December 31, 2024, up from $777.366 million at the end of September 2024, marking a rise of 2.8%[16] - Total cash and restricted cash at the end of the period was $36,558,000, down from $54,153,000 at the end of December 2023, reflecting a decrease of 32.5%[23] - Net cash used in operating activities decreased by $72.6 million to $37.4 million for the three months ended December 31, 2024, compared to $110.0 million for the same period in 2023[199] - Net cash used in investing activities was $2.8 million for the three months ended December 31, 2024, a decrease of $42.6 million from net cash provided by investing activities of $39.8 million in 2023[200] Expenses and Liabilities - Selling, general and administrative expenses for the quarter were $79.060 million, slightly down from $79.599 million in the same quarter of 2023, a decrease of 0.7%[18] - The interest expense on floor plan financing was $7.026 million for the quarter, down from $7.812 million in the same period of 2023, a decrease of 10.1%[18] - Total liabilities rose to $1.227928 billion as of December 31, 2024, compared to $1.199236 billion at the end of September 2024, reflecting an increase of 2.4%[16] - The company reported depreciation and amortization expenses of $6,037,000 for the three months ended December 31, 2024, compared to $4,905,000 in the same period of 2023, reflecting an increase of 23.0%[23] Inventory and Receivables - The company’s inventory levels increased to $636.676 million as of December 31, 2024, compared to $590.838 million at the end of September 2024, an increase of 7.8%[16] - The company experienced a significant increase in accounts receivable, totaling $16,357,000 for the three months ended December 31, 2024, compared to $20,240,000 in the prior year, representing a decrease of 19.0%[23] - Total accounts receivable as of December 31, 2024, was $57.44 million, down from $73.82 million as of September 30, 2024, reflecting a decrease of approximately 22%[63] - New vessels inventory increased to $481.06 million as of December 31, 2024, from $442.83 million as of September 30, 2024, reflecting an increase of approximately 8.6%[64] Acquisitions and Growth Strategy - OneWater Marine Inc. acquired the remaining 20% of Quality Assets and Operations, LLC on October 31, 2023, resulting in full ownership as of December 31, 2024[30] - The company aims to acquire dealerships at attractive EBITDA multiples, typically less than 4.0x EBITDA on a trailing twelve-month basis[137] - The company expects to continue strategic acquisitions to enhance dealership growth and expand its parts and accessories business[136] - The company has completed 34 acquisitions since its formation in 2014, including 81 additional dealerships and 12 distribution centers[134] Market Presence - OneWater Marine Inc. operated 96 retail locations and 10 distribution centers/warehouses across 19 states as of December 31, 2024, maintaining a strong presence in key markets[26] - The company operates 96 dealerships across 17 states, positioning itself as one of the largest marine retailers in the U.S.[130] - The Dealerships segment accounted for approximately 93% of revenues, with over 9,500 new and pre-owned boats sold in fiscal year 2024[132] Financial Compliance and Standards - The Company was in compliance with all financial and non-financial covenants for the reporting period ended December 31, 2024[70] - The company plans to adopt new accounting standards related to segment reporting and income tax disclosures in fiscal years 2025 and 2026, respectively, which may impact future financial reporting[56][57] - The company was in compliance with all covenants under the A&R Credit Facility and the Inventory Financing Facility for the reporting period ended December 31, 2024[195]

Core Viewpoint - OneWater Marine Inc. reported first-quarter fiscal 2025 results with earnings and revenues exceeding expectations, although the bottom line showed a decline compared to the previous year [1][4]. Financial Performance - The company reported an adjusted loss per share of 54 cents, which was better than the Zacks Consensus Estimate of a loss of 94 cents, but worse than the prior year's loss of 38 cents [4]. - Quarterly revenues reached $375.8 million, surpassing the Zacks Consensus Estimate of $335 million, marking a 3.2% year-over-year increase driven by new unit sales and a 4% growth in same-store sales [4]. - New boat revenues increased by 2.9% year over year to $248 million, while finance and insurance income rose by 27.7% to $9.4 million [5]. - Pre-owned boat revenues grew by 6.6% year over year to $56.8 million, supported by higher unit sales and average prices [5]. - Service, parts, and other sales declined by 1.1% year over year to $61.6 million [5]. Operational Highlights - Selling, general, and administrative expenses as a percentage of total revenues decreased to 21% from 21.9% in the prior year, attributed to lower personnel costs and ongoing expense management [6]. - Gross profit for the quarter was $84.1 million, down from $91.4 million in the prior year, with gross margins contracting by 270 basis points to 22.4% [7]. - Adjusted EBITDA was reported at $1.9 million, significantly lower than the $7.1 million from the previous year [7]. Balance Sheet - As of December 31, 2024, cash totaled $22.7 million, down from $44.6 million a year earlier [8]. - Inventory decreased to $636.7 million from $706.8 million in the prior year [8]. - Net long-term debt was reduced to $412.6 million from $433.7 million in the previous quarter [8]. Fiscal Outlook - For fiscal 2025, the company anticipates revenues between $1.7 billion and $1.85 billion, with dealership same-store sales expected to rise in the low single digits [9]. - Adjusted EBITDA is projected to be between $80 million and $110 million, with adjusted earnings per share expected to range from $1 to $2 [9].