NASDAQ$ONEW
OneWater Marine Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Announced fiscal fourth quarter and full-year 2024 results, optimizing costs and inventory, and well-positioned entering fiscal year 2025.
OneWater Marine Inc. reported a decrease in revenue for fiscal fourth quarter 2024 to $377.9 million, a 16.2% decrease compared to the prior year, with a net loss of $(10.4) million. The company's performance was impacted by Hurricane Helene, which disrupted sales during the last 10 days of the month. Looking to fiscal 2025, the company expects a slower start to the year due to ongoing hurricane impacts but remains cautiously optimistic about the full year outlook.
- Revenue for fiscal fourth quarter 2024 was $377.9 million, a decrease of 16.2% compared to fiscal fourth quarter 2023.
- Same-store sales decreased 17%.
- Net loss for fiscal fourth quarter 2024 totaled $(10.4) million, compared to net loss of $(110.9) million in fiscal fourth quarter 2023, which included a $147.4 million non-cash impairment charge.
- Adjusted EBITDA decreased 73.7% to $7.8 million compared to $29.8 million for fiscal fourth quarter 2023.
Headline financials
Revenue & EPS history
OneWater Marine · Revenue · Quarterly
$378M
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 2025, OneWater anticipates revenue to be in the range of $1.7 billion to $1.85 billion and dealership same-store sales to be up low single digits. Adjusted EBITDA is expected to be in the range of $80 million to $110 million and Adjusted Diluted Earnings Per Share is expected to be in the range of $1.00 to $2.00.
Tailwinds
- Revenue to be in the range of $1.7 billion to $1.85 billion.
- Dealership same-store sales to be up low single digits.
- Adjusted EBITDA is expected to be in the range of $80 million to $110 million.
- Adjusted Diluted Earnings Per Share is expected to be in the range of $1.00 to $2.00.
Headwinds
- Slower start to the year given the ongoing impacts from Hurricanes Helene and Milton.
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 2024
-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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