NASDAQ$ONEW

OneWater Marine Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Revenue increased by 41% to $569 million, with net income rising by 25% to $64 million.

OneWater Marine Inc. reported record fiscal third quarter results, with revenue increasing by 41% and Adjusted EBITDA rising by 45%. The company's performance was driven by strength across the business, diversity in its model, and a robust acquisition strategy.

  • Revenue increased 41% to $569 million
  • Same-store sales increased 12%
  • Gross profit margin expanded 90 basis points to 32.3%
  • Net income increased 25% to $64 million

Headline financials

Total Revenue

$569M

Previous: $404M+40.7%
EPS (adj)

$3.86

Previous: $3.04+27.0%
Gross profit margin

32.3%

Previous: 31.0%+4.2%
Capital Expenditures

-$11.6M

Previous: -$7.8M-49.3%
Free Cash Flow

$44.3M

Previous: $26.7M+66.0%
Net Income

$56M

Previous: $34.5M+62.2%
Operating Income

$87.5M

Previous: $64.9M+34.8%
Gross Profit

$184M

Previous: $127M+44.9%
Cash & Equivalents

$95.7M

Previous: $113M-15.5%
Total Assets

$1.35B

Previous: $619M+117.8%

Revenue & EPS history

OneWater Marine · Revenue · Quarterly

$569M

Q3 2022+40.7%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

OneWater Marine · $36.7M total across 2 segments · Q4 2021

  • Service, parts & other sales
    $27M+33.3%
  • Finance & insurance income
    $9.68M+25.0%

Forward guidance

The Company is raising its fiscal full year 2022 outlook for Adjusted EBITDA to be in the range of $240 million to $250 million and earnings per diluted share to be in the range of $9.20 to $9.60.

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 2022

Historical avgQ3 2022

-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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