Fri, May 2, 8:52 PM (20 days ago)
**OneWater Marine Inc. (ONEW) Q1 2025 Financial Summary:** **Financial Health & Performance:** - **Revenue:** $483.5M (Q1 2024: $488.3M), a 1% decrease. - **Net Loss:** $375K (Q1 2024: $4.5M loss), a significant improvement. - **Gross Profit:** $110.4M (Q1 2024: $120.4M), an 8.3% decrease. - **Operating Income:** $16.3M (Q1 2024: $13.9M), a 17.4% increase. - **Cash Flow:** $8.9M used in operations (Q1 2024: $86.3M used). **Key Metrics:** - **New Boat Sales:** $309.5M (Q1 2024: $327.3M), a 5.4% decrease. - **Pre-owned Boat Sales:** $89.7M (Q1 2024: $78.6M), a 14.1% increase. - **Finance & Insurance Income:** $15.0M (Q1 2024: $14.7M), a 1.9% increase. - **Service, Parts & Other Sales:** $69.3M (Q1 2024: $67.6M), a 2.4% increase. **Trends & Uncertainties:** - **Seasonality:** Business is highly seasonal, with lower sales in Q1. - **Economic Conditions:** General economic conditions and consumer spending patterns can negatively impact operating results. - **Acquisitions:** Company is highly acquisitive, focusing on expanding dealership growth and enhancing customer experience. - **Interest Rate Risk:** Exposed to interest rate fluctuations, mitigated by interest rate swaps. **Future Operations Impact:** - **Growth Strategy:** Continued focus on acquisitions and strategic growth in parts and accessories business. - **Liquidity:** Adequate cash flow from operations and borrowings under credit facilities to fund operations, acquisitions, and share repurchases. - **Debt Management:** Compliance with all covenants under A&R Credit Facility and Inventory Financing Facility. **Segment Performance (Q1 2025):** - **Dealerships:** $446.4M revenue, $17.8M income from operations. - **Distribution:** $37.2M revenue, $(1.5M) income from operations. **Stock Performance:** - **Share Repurchase Program:** $48.1M remaining under the share repurchase program. **Forward-Looking Statements:** - The company's future performance may be affected by various risks and uncertainties, including economic conditions, regulatory changes, and competitive pressures.