NASDAQ$ONEW
OneWater Marine Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a revenue increase driven by pre-owned boat sales and service, parts, and other sales from acquired businesses, but experienced margin pressure due to accelerated normalization of boat pricing.
OneWater Marine Inc. announced fiscal third quarter 2023 results with a 4.5% increase in revenue to $594.3 million. Net income was $33.3 million, or $1.95 per diluted share. The company focused on strategic inventory management and cost optimization amid a deteriorating selling environment.
- Revenue increased 4% to $594 million, a new fiscal third quarter record.
- Service, parts & other revenue grew 23% to $92 million.
- Dealership same-store sales were flat versus prior year period.
- Net income was $33 million in the quarter or $1.95 per diluted share.
Headline financials
Revenue & EPS history
OneWater Marine · Revenue · Quarterly
$594M
Revenue by segment
OneWater Marine · $36.7M total across 2 segments · Q4 2021
- Service, parts & other sales$27M+33.3%73.6%
- Finance & insurance income$9.68M+25.0%26.4%
Forward guidance
OneWater anticipates same store sales to be flat and Adjusted EBITDA is expected to be in the range of $160 million to $170 million and earnings per diluted share is expected to be in the range of $4.45 to $4.70.
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 2023
-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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