NASDAQ$ONEW

OneWater Marine Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported strong revenue growth and completed initial public offering.

OneWater Marine reported a revenue increase of 49% to $153.7 million and same-store sales growth of 17% for the fiscal first quarter ended December 31, 2019. The company's operating income increased by 176% to $3.0 million, and finance & insurance income doubled. A net loss of $1.1 million was reported, while adjusted EBITDA rose to $1.1 million.

  • Revenue increased 49% to $153.7 million.
  • Same-store sales grew 17%.
  • Pre-owned boat sales increased 90% to $37.8 million.
  • Finance & insurance income increased 100% to $4.3 million.

Headline financials

Total Revenue

$154M

Previous: $103M+48.8%
EPS (adj)

-$48.42

Previous: $0.41-11798.5%
Same-store sales growth

17.0%

No prior period
Net Income

-$1.07M

Previous: $2.23M-147.8%
Operating Income

$2.99M

Previous: $1.08M+176.0%
Gross Profit

$32.2M

Previous: $23.3M+38.0%
Cash & Equivalents

$10.5M

No prior period

Revenue & EPS history

OneWater Marine · Revenue · Quarterly

$154M

Q1 2020+48.8%vs Q1 2019
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Revenue by segment

OneWater Marine · $154M total across 4 segments · Q1 2020

  • New boat sales
    $98.1M+45.2%
  • Pre-owned boat sales
    $37.8M+89.9%
  • Service, parts & other sales
    $13.5M-1.4%
  • Finance & insurance income
    $4.33M+99.9%

Forward guidance

For fiscal year 2020, the Company expects same-store sales growth of low double-digits and adjusted EBITDA in the range of $56.0 million to $58.0 million. These amounts exclude the impact of any acquisitions that the Company may complete during the fiscal year 2020.

Tailwinds

  • Expects same-store sales growth of low double-digits
  • Adjusted EBITDA in the range of $56.0 million to $58.0 million
  • Solid consumer retail trends will continue.
  • Agility of team and operations allow quick reaction to macroeconomic disruptions.
  • Pipeline of high-quality dealerships to add remains robust.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

-1.8%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-0.5%

Avg return

30 days after

44%

11 / 25 earnings

Positive

+13.7%

Q1 2025

Best reaction

-28.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-7.4%+7.3%+9.0%
Q1 2026-2.9%+5.5%-13.9%
Q4 2025-10.2%-20.8%-25.5%
Q2 2025-8.5%-17.4%-1.6%
Q1 2025+13.7%+16.8%+7.9%
Q4 2024-15.6%-18.8%-10.8%
Q3 2024-19.0%-26.8%-21.4%
Q2 2024+12.6%+12.0%+28.2%
Q1 2024+7.3%+3.0%+4.0%
Q4 2023-1.9%-1.3%+19.1%
Q3 2023-28.2%-27.9%-28.2%
Q2 2023+8.4%+12.4%+20.1%
Q1 2023-12.0%-12.2%-15.2%
Q4 2022-7.7%-6.1%-6.3%
Q3 2022+7.5%+4.5%+6.1%
Q2 2022+2.3%+3.5%-1.1%
Q1 2022-2.9%+2.9%-2.1%
Q4 2021+7.2%+7.3%-2.9%
Q3 2021+6.2%+4.0%-7.2%
Q2 2021-0.4%+7.1%-4.2%
Q1 2021+7.0%+0.3%+5.9%
Q4 2020+1.9%+15.5%+16.7%
Q3 2020-11.5%-6.2%+2.8%
Q2 2020+9.8%+17.5%+70.2%
Q1 2020-0.5%-15.2%-61.7%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2017

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