NASDAQ$ONEW
OneWater Marine Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong third quarter results with significant margin expansion and earnings growth despite industry-wide inventory challenges.
OneWater Marine Inc. reported a slight decrease in revenue but a significant increase in net income for the fiscal third quarter 2021. Revenue was $404.2 million, a 1.0% decrease compared to the previous year, while net income increased by 27% to $51.6 million. The company's gross profit margin expanded by more than 800 basis points to 31%, driven by a focus on higher margin service, parts, and other sales.
- Revenue reached $404.2 million despite industry-wide inventory challenges.
- Gross profit margin expanded more than 800 basis points to 31%.
- Net income increased 27% to $51.6 million, or $3.04 per diluted share.
- Adjusted EBITDA increased 33% to $65.5 million.
Headline financials
Revenue & EPS history
OneWater Marine · Revenue · Quarterly
$404M
Revenue by segment
OneWater Marine · $44.9M total across 2 segments · Q3 2021
- Service, parts & other sales$29.6M—66.0%
- Finance & insurance income$15.2M—34.0%
Forward guidance
The Company is raising its fiscal full year 2021 outlook for Adjusted EBITDA to be in the range of $150 million to $155 million and diluted earnings per share to be in the range of $6.60 to $6.80, excluding any acquisitions that may be completed later in the year.
Tailwinds
- Adjusted EBITDA to be in the range of $150 million to $155 million.
- Diluted earnings per share to be in the range of $6.60 to $6.80.
- Same store sales to increase approximately 10%.
- Manufacturers can maintain production at the current pace.
- Deliver presold units and build inventory.
Headwinds
- Excluding any acquisitions that may be completed later in the year.
- Based on continued broad-based inventory challenges in the industry near-term.
- Assumes OneWater’s manufacturers can maintain production at the current pace.
- Industry-wide supply chain constraints.
- Inventory challenges
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 Q3 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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