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OneWater Marine (ONEW)
NASDAQ:ONEW
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.67Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 20.85%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with notable progress in revenue growth, inventory management, and finance and insurance revenue. However, challenges remain with declining margins, weather impacts, and increased net loss. The company's cautious optimism for 2025 reflects these balanced factors.Company Guidance
During the fiscal first quarter of 2025, OneWater Marine Inc. provided guidance reaffirming their expectations for the year despite a challenging industry environment. The company reported a 3% revenue increase to $376 million and a 4% rise in same-store sales, driven by a low double-digit increase in new unit sales. Inventory management was a focal point, with a 10% year-over-year reduction in inventory. Margins faced pressure due to deliberate pricing strategies to clear aged inventory, yet finance and insurance revenue grew by 28%, highlighting the benefit of their diverse business model. SG&A expenses decreased by 1% to $79 million, aided by cost reduction initiatives, and the company maintained its fiscal 2025 guidance, anticipating total sales between $1.7 billion and $1.85 billion and adjusted EBITDA of $80 million to $110 million. Despite the better-than-expected first quarter results, OneWater remains cautiously optimistic about 2025, focusing on inventory strategy and adapting to market dynamics.Revenue Increase and Market Share Gains
Overall revenue increased by 3% with same-store sales up by 4%, driven by a low double-digit increase in new unit sales significantly outpacing the industry.
Inventory Management Success
Inventory levels were managed effectively, down 10% year-over-year, leading to lower carrying costs and improved operational efficiency.
Finance and Insurance Revenue Growth
Finance and insurance revenue increased by 28% to $9 million, demonstrating strong finance penetration and contributing to offsetting margin pressures.
Cost Reduction Initiatives
Selling, general, and administrative expenses decreased by 1% both on a dollar basis and as a percentage of total revenue, indicating successful cost management strategies.
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ONEW Earnings History
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 |
|---|---|---|---|
| Jan 30, 2025 | $15.35 | $17.46 | +13.75% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is OneWater Marine (ONEW) earnings time?
OneWater Marine (ONEW) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONEW EPS forecast?
ONEW EPS forecast for the fiscal quarter 2025 (Q2) is 0.36.
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