NASDAQ$ONEW

OneWater Marine Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

OneWater Marine's Q4 2020 earnings showcased strong growth, driven by solid execution and a leading digital platform.

OneWater Marine Inc. reported a strong fiscal fourth quarter with a 29.8% increase in revenue compared to the previous year, driven by increased average unit prices and operational improvements. Same-store sales increased by 25%, and net income rose by 18.9%.

  • Revenue for the fiscal fourth quarter increased by 29.8% to $271.0 million.
  • Same-store sales increased 25% during the fiscal fourth quarter.
  • Net income for the fiscal fourth quarter totaled $6.0 million, an increase of 18.9%.
  • Adjusted EBITDA increased 108.0% to $23.0 million.

Headline financials

Total Revenue

$271M

No prior period
EPS (adj)

$0.23

No prior period
Same-store sales growth

25.0%

No prior period
Gross profit margin

23.6%

No prior period
Capital Expenditures

$2.39M

No prior period
Free Cash Flow

$57.5M

No prior period
Net Income

$6M

No prior period
Operating Income

$16.5M

No prior period
Gross Profit

$64.1M

No prior period
Cash & Equivalents

$68.2M

No prior period
Total Assets

$458M

No prior period
Stock-Based Comp

$615K

No prior period

Revenue & EPS history

OneWater Marine · Revenue · Quarterly

$271M

Q4 2020
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Revenue by segment

OneWater Marine · $271M total across 4 segments · Q4 2020

  • New boat sales
    $187M
  • Pre-owned boat sales
    $56.2M
  • Service, parts & other sales
    $20.3M
  • Finance & insurance income
    $7.75M

Forward guidance

For fiscal full year 2021, OneWater anticipates same store sales to be up mid-single digits and Adjusted EBITDA to be up low- to mid-single digits, excluding acquisitions completed during the year.

Tailwinds

  • Strong retail demand expected to continue into the 2021 boating season.
  • M&A pipeline remains robust and is a cornerstone to long-term growth strategy.
  • Anticipate returning to the cadence of transactions routinely completed prior to IPO.
  • Remain focused on executing growth strategy.
  • Driving long-term shareholder value.

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 Q4 2020

Historical avgQ4 2020

-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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