NASDAQ$ONEW
OneWater Marine Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported record results driven by robust demand and diversification.
OneWater Marine Inc. reported a 41.8% increase in revenue for the fiscal fourth quarter of 2022, reaching $397.5 million, compared to $280.3 million in the same quarter of the previous year. Net income totaled $22.3 million, with earnings per diluted share at $1.28. The growth was attributed to sales from acquired businesses and an increase in same-store sales.
- Revenue for fiscal fourth quarter 2022 was $397.5 million, an increase of 41.8% compared to fiscal fourth quarter 2021.
- Same-store sales increased 4% compared to fiscal fourth quarter 2021.
- Net income for fiscal fourth quarter 2022 totaled $22.3 million, compared to $22.5 million in fiscal fourth quarter 2021.
- Earnings per diluted share for fiscal fourth quarter 2022 was $1.28 per diluted share, compared to $1.35 per diluted share in 2021.
Headline financials
Revenue & EPS history
OneWater Marine · Revenue · Quarterly
$398M
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
For fiscal full year 2023, OneWater anticipates same store sales to be up low to mid-single digits, despite an expected challenging macroeconomic environment. Adjusted EBITDA is expected to be in the range of $250 million to $260 million and earnings per diluted share is expected to be in the range of $9.25 to $9.75.
Tailwinds
- Anticipates same store sales to be up low to mid-single digits.
- Adjusted EBITDA is expected to be in the range of $250 million to $260 million.
- Earnings per diluted share is expected to be in the range of $9.25 to $9.75.
- Guidance includes the previously announced Taylor Marine Centers acquisition, which closed on October 1, 2022.
- Company is confident that their strategy will propel them forward to deliver long-term value.
Headwinds
- Expected challenging macroeconomic environment.
- Guidance excludes the recently announced Harbor View Marine acquisition, that has yet to close.
- Guidance excludes others acquisitions that may be completed during the fiscal year 2023.
- Hurricane Ian negatively impacted sales by approximately $25 million.
- Shift in the mix and size of boat models sold during the quarter.
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 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
| 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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