The earnings call reflected significant challenges due to hurricanes and a softer market, impacting revenue and gross profit. Despite these challenges, the company reported some positive developments like a record boat show and improved operating income, with strategic cost management and inventory optimization efforts in place for future recovery.
Company Guidance
During the OneWater Marine Q4 2024 earnings call, guidance was provided with several metrics highlighting the company's outlook and operational strategy for 2025. Total sales for 2025 are anticipated to range between $1.7 billion and $1.85 billion, with same-store sales projected to increase in the low-single digits. Adjusted EBITDA is expected to be between $80 million and $110 million, and adjusted earnings per share are forecasted to be between $1 and $2. The company plans to capitalize on recent cost-saving measures, which are projected to provide a significant SG&A tailwind into 2025. Despite challenges from Hurricanes Helene and Milton, which impacted Q4 results with a 16% decrease in revenue to $378 million, the company remains cautiously optimistic, driven by inventory optimization and strategic brand offerings.
Record Fort Lauderdale Boat Show
Reported a record performance at the Fort Lauderdale boat show with unit sales up double-digits compared to the prior year, indicating strong customer demand.
Cost Management and Inventory Optimization
Implemented cost-saving measures resulting in lower SG&A expenses and reduced inventory levels, positioning the company well for 2025.
Operating Income Improvement
Full year 2024 operating income grew to $65 million compared to $18 million in the prior year, primarily due to non-cash impairment charges in 2023.
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OneWater Marine (ONEW) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONEW Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2024
$23.70
$21.23
-10.42%
Jul 30, 2024
$30.46
$25.73
-15.53%
May 02, 2024
$20.15
$22.99
+14.09%
Feb 01, 2024
$25.23
$26.26
+4.08%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OneWater Marine (ONEW) report earnings?
OneWater Marine (ONEW) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is OneWater Marine (ONEW) earnings time?
OneWater Marine (ONEW) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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