From GlobeNewswire: 2025-01-30 07:00:00

OneWater Marine Inc. reported fiscal first quarter 2025 revenue of $375.8 million, a 3.2% increase from the previous year. Same-store sales rose by 4.2%, with new boat revenue up 2.9% and pre-owned boat revenue up 6.6%. Gross profit margin was 22.4%, impacted by exiting brands. Adjusted EBITDA was $1.9 million.

Despite a GAAP net loss of $13.6 million, OneWater Marine Inc. remains optimistic due to higher unit sales and inventory management. Total long-term debt was $428.3 million, with adjusted long-term net debt at 5.2 times trailing twelve-month Adjusted EBITDA. The company’s fiscal year 2025 outlook includes revenue between $1.7 billion to $1.85 billion.

OneWater Marine Inc. is a leading premium marine retailer with 96 retail locations in 19 states. The company offers a variety of marine products and services, including new and pre-owned boat sales, finance, insurance, parts, accessories, and maintenance. Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted Earnings Per Share are key performance indicators used by the company.

Forward-looking statements made by OneWater Marine Inc. include strategic plans, financial expectations, and growth projections. These statements are subject to uncertainties and risks that may affect actual results. Factors such as demand fluctuations, supply chain challenges, and the impact of a global pandemic could influence the company’s performance. Investors are advised to review SEC filings for more information.

For further inquiries, contact Chief Financial Officer Jack Ezzell at [email protected]. The company’s full financial statements, including reconciliations of non-GAAP measures, are available on OneWater Marine’s website for investor reference. Stay updated on OneWater Marine Inc.’s progress and financial performance through their investor relations contact.



Read more at GlobeNewswire:: OneWater Marine Inc. Announces Fiscal First Quarter