Please select your home edition
Edition
Sea Sure 2021 - Transom Fittings - LEADERBOARD

OneWater Marine Inc. provides business update

by Jack Ezzell 4 Jun 2020 10:16 PDT

OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or "the Company") today provided a business update for its fiscal third quarter of 2020.

For the fiscal third quarter-to-date ended May 31, 2020, revenue increased in excess of 30% and same-store-sales topped 25% compared to the prior year. Despite several stores being impacted by government shelter-in-place orders, both sales and same-store-sales continued to exceed the Company's expectations. OneWater remains optimistic that these positive sales trends will continue based on the current volume of inbound leads.

"As many summer activities that have historically competed for time on the water have been canceled, our customers are turning to boating as a safe, outdoor leisure activity that allows families to come together and maintain social distancing. In addition, our stores and employees have proven their adaptability as we are able to engage in new, and often virtual, ways to meet the increased demand we are experiencing. As a result, the momentum we saw in April has continued as we moved through the quarter. In addition, our finance & insurance income further accelerated in May topping a very strong April," said Austin Singleton, Chief Executive Officer of OneWater. "There are still many unknowns as states begin to re-open, and the strength of the consumer demand remains uncertain. We are, however, optimistic that the desire to get out on the water in this unique time of our lives will continue to support demand during the summer selling season."

Related Articles

OneWater Marine acquires Roscioli Yachting Center
Expands presence in yacht category, enhancing infrastructure for further growth OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or "the Company") announced today that it has completed the acquisition of Roscioli Yachting Center, Inc., including the related real estate and in-water slips. Posted on 6 Jan
OneWater Marine acquires Walker Marine Group
Marking the company's largest acquisition to date, further expanding its presence in Florida OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or "the Company") announced today that it has completed the acquisition of Walker Marine Group, marking the largest acquisition in the Company's history, further expanding its presence in Florida. Posted on 5 Jan
OneWater Marine acquires Tom George Yacht Group
TGYG enhances the Company's presence on the west coast of Florida TGYG enhances the Company's presence on the west coast of Florida and expands new and pre-owned boat sales, as well as yacht brokerage and service and parts. Posted on 8 Dec 2020
OneWater Marine acquires Tom George Yacht Group
Extends presence in attractive Florida market and marks a return to OneWater's M&A Strategy OneWater Marine Inc. announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Tom George Yacht Group ("TGYG"). Posted on 19 Nov 2020
OneWater Marine announces organizational change
David K. Witty has been named Chief Technology Officer OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or "the Company") have announced that David K. Witty has been named Chief Technology Officer effective October 1, 2020. Posted on 21 Oct 2020
Onewater Marine announces management changes
Realignments to position the business closer to its customers OneWater Marine Inc. has announced a series of organizational realignments to position the business closer to its customers, and increase its agility to capture near- and long-term growth opportunities. Posted on 15 Oct 2020
OneWater Marine launches hurricane relief fund
Hurricane Laura's path of destruction was indiscriminate OneWater Marine Inc. announced today that it has launched HurricaneReliefNow.com to raise money for our neighbors affected by the recent hurricanes to impact the Gulf Coast. Posted on 24 Sep 2020
OneWater Marine Inc. expands its digital platform
Multi-phased roll-out of an online marketplace for new and pre-owned boat sales OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or "the Company") announced today that it has purchased the website domain, Boatsforsale.com, which will enhance its online marketplace for new and pre-owned boats, as well as financing & insurance. Posted on 25 Aug 2020
OneWater Marine Q3 business update
Revenue for the fiscal third quarter 2020 was $408.3 million Revenue for the fiscal third quarter 2020 was $408.3 million, an increase of 48.6% compared to $274.8 million in fiscal third quarter 2019, primarily driven by an increase in unit sales of new and pre-owned boats and to a lesser degree. Posted on 31 Jul 2020
OneWater announces fiscal Q3 earnings release date
OneWater Marine Inc. will release its fiscal third quarter 2020 financial results on July 30 OneWater Marine Inc. (NASDAQ: ONEW) (the "Company" or "OneWater") announced today that it will release its fiscal third quarter 2020 financial results on Thursday, July 30, 2020, before the market opens. Posted on 16 Jul 2020
Upffront 2020 Foredeck Club SW FOOTERMaritimo 2019 FooterJ Composites 2020 - FOOTER