Trade OneWater Marine Inc - ONEW CFD

OneWater Marine Inc. Company profile

About OneWater Marine Inc

OneWater Marine Inc. is a holding company and the sole managing member of One Water Marine Holdings, LLC (OneWater LLC). The Company is a marine retailer, which operates in the United States with approximately 70 stores comprising 25 dealer groups in 11 states. Its dealer groups are located throughout the Southeast; Gulf Coast; Mid-Atlantic; and Northeast, including Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio and New Jersey. It offers new and pre-owned recreational boats; yachts; and related marine products, including parts and accessories. It also provides boat repair and maintenance services; arrange boat financing and insurance; and offers other ancillary services, including indoor and outdoor storage, marina services, and rentals of boats and personal watercraft. The Company’s products and services includes New and Pre-Owned Boat Sales; F&I Products; and Service, Parts & Other.

Financial summary

BRIEF: For the three months ended 31 December 2021, OneWater Marine Inc revenues increased 57% to $336.3M. Net income increased from $7.8M to $20M. Revenues reflect New boat sales increase of 56% to $236.2M, Service, parts and other sales increase from $17.7M to $37.3M, Pre-owned boat sales increase of 39% to $53.4M. Net income benefited from Interest expense - floor plan decrease of 5% to $877K (expense).