NASDAQ$ONEW

OneWater Marine Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record results, driven by broad-based strength and strong consumer demand.

OneWater Marine Inc. announced record fiscal second quarter 2021 results with revenue increasing 74% to $329.6 million and net income increasing 10-fold to $30.6 million.

  • Record Revenue increased 74% to $329.6 million
  • Same-store sales increased 57%
  • Net income increased 10-times to $30.6 million, or $1.83 per diluted share
  • Adjusted EBITDA increased 315% to $40.1 million

Headline financials

Total Revenue

$330M

Previous: $190M+73.5%
EPS (adj)

$1.83

Previous: $0.18+916.7%
Same-store sales growth

57.0%

Previous: 0.0%
Adjusted EBITDA

$40.1M

Previous: $9.7M+313.4%
Capital Expenditures

-$5.13M

Previous: -$3.39M-51.1%
Free Cash Flow

$15.3M

Previous: -$2.31M+765.3%
Net Income

$20.5M

Previous: $1.09M+1787.1%
Operating Income

$38.7M

Previous: $8.72M+343.6%
Gross Profit

$88.8M

Previous: $44.6M+99.1%
Cash & Equivalents

$76.7M

Previous: $20.4M+276.0%
Total Assets

$633M

Previous: $580M+9.0%

Revenue & EPS history

OneWater Marine · Revenue · Quarterly

$330M

Q2 2021+73.5%vs Q2 2020
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Revenue by segment

OneWater Marine · $330M total across 4 segments · Q2 2021

  • New boat sales
    $240M+80.6%
  • Pre-owned boat sales
    $56.1M+46.9%
  • Service, parts & other sales
    $22.1M+101.2%
  • Finance & insurance income
    $11.8M+45.8%

Forward guidance

OneWater is increasing its outlook for the fiscal full year 2021.

Tailwinds

  • Same store sales to increase in the mid-to-upper teens
  • Adjusted EBITDA to be in the range of $130 million to $135 million
  • Diluted earnings per share to be in the range of $5.80 to $6.00
  • Excluding any acquisitions that may be completed later in the year
  • Outlook assumes OneWater’s manufacturers can maintain production at the current pace to meet elevated demand levels in the face of industry-wide supply chain constraints

Headwinds

  • Industry-wide supply chain constraints

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 Q2 2021

Historical avgQ2 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

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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