NASDAQ$ONEW
OneWater Marine Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Revenue increased driven by new unit sales and same-store sales growth was partially offset by decrease in selling expenses and increase in public company expenses. Net income increased sharply.
OneWater Marine Inc. reported a strong fiscal first quarter with a 39.3% increase in revenue to $214.1 million compared to the same period last year. Same-store sales increased by 38%. Net income increased to $11.8 million, or $0.71 per diluted share, and Adjusted EBITDA increased to $16.7 million.
- Revenue increased 39% to $214.1 million
- Same-store sales increased 38%
- Net income increased to $11.8 million, or $0.71 per diluted share
- Adjusted EBITDA increased to $16.7 million
Headline financials
Revenue & EPS history
OneWater Marine · Revenue · Quarterly
$214M
Revenue by segment
OneWater Marine · $214M total across 4 segments · Q1 2021
- New boat sales$152M+54.8%70.9%
- Pre-owned boat sales$38.6M+2.0%18.0%
- Service, parts & other sales$17.7M+31.7%8.3%
- Finance & insurance income$5.96M+37.9%2.8%
Forward guidance
For fiscal year 2021, OneWater anticipates same store sales to increase by mid-single digits. The Company expects Adjusted EBITDA to be in the range of $95 million to $100 million and diluted earnings per share to be in the range of $4.00 to $4.20.
Tailwinds
- Same store sales to increase by mid-single digits
- Adjusted EBITDA for the full fiscal year to be in the range of $95 million to $100 million
- Diluted earnings per share to be in the range of $4.00 to $4.20
- Completed three acquisitions in the fiscal first quarter of 2021
- Expansion of Term Loan credit facility by $30 million
Headwinds
- Changes in demand for products and services
- Seasonality and volatility of the boat industry
- Acquisition strategies
- Inability to comply with the financial and other covenants and metrics in credit facilities
- Effects of the COVID-19 pandemic on the Company’s business
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-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
| Quarter | Report date | Reaction (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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