Onewater Marine Inc is a leading retailer and service provider in the marine industry, specializing in the sale of new and pre-owned recreational boats, marine accessories, and parts. The company operates a network of dealerships that offer a wide range of products, including boats for various water activities, as well as providing maintenance services and repairs to ensure a high level of customer satisfaction. Onewater Marine is committed to enhancing the boating experience for its customers by offering expert advice, exceptional service, and a diverse selection of high-quality brands.
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 16.2% year on year to $377.9 million. The company’s full-year revenue guidance of $1.78 billion at the midpoint came in 6.1% below analysts’ estimates. Its non-GAAP loss of $0.36 per share was significantly below analysts’ consensus estimates.
OneWater Marine is one of the largest premium marine retailers in the United States. It operates 100 retail locations, 11 distribution centers/warehouses and multiple online marketplaces in 20 states.
MarineMax shares surged as OneWater Marine reportedly in acquisition talks with a $40 per share all-cash offer. An official announcement is expected soon, although the deal is not yet finalized.
OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today released the following statement in response to inquiries regarding recent news reports:
Companies Reporting Before The Bell • ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter. • Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion.
Companies Reporting Before The Bell • Children's Place (NASDAQ:PLCE) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
Stocks are mixed midday, with the Nasdaq Composite reversing its morning losses to sport a modest gain, while the Dow Jones Industrial Average and S&P 500 Index remain lower.
