OneWater Posts First Quarter Financials
January 31, 2025
Quarterly revenue increased year-over-year, but the retailer reported a net loss of $14 million.
Quarterly revenue increased year-over-year, but the retailer reported a net loss of $14 million.
Revenue declined 7% year-over-year, though preowned-boat revenue increased 4.9% due to a rise in trade-ins.
The acquisition of Garden State Yacht Sales in Point Pleasant Beach expands OneWater’s presence in the Mid-Atlantic.
Revenue from new-boat sales increased 3.7%, used-boat revenues slid 4.5% and overall revenue declined 0.7%
Gross profit margin for the year was 27.6%, and sales in the fourth quarter were up 13.4% compared with last year.
Lookout Marine and Kentucky Marine in Somerset, Ky., have been sold to Troxtell Marine.
The deal, which expands OneWater’s presence on Alabama’s Lake Martin, excludes the Harbor Pointe real estate.
Revenue increased 4% to $594 million by “maintaining flat dealership, same-store sales and aggressively managing overall boat inventory.”
The electric boat builder received an evenly split order for 100 of its 22-foot dual- and center-console boats.
Revenues increased 19% to $524 million, and gross profit margin was 28%.
Quarterly revenue increased year-over-year, but the retailer reported a net loss of $14 million.
Revenue declined 7% year-over-year, though preowned-boat revenue increased 4.9% due to a rise in trade-ins.
The acquisition of Garden State Yacht Sales in Point Pleasant Beach expands OneWater’s presence in the Mid-Atlantic.
Revenue from new-boat sales increased 3.7%, used-boat revenues slid 4.5% and overall revenue declined 0.7%
Gross profit margin for the year was 27.6%, and sales in the fourth quarter were up 13.4% compared with last year.
Lookout Marine and Kentucky Marine in Somerset, Ky., have been sold to Troxtell Marine.
The deal, which expands OneWater’s presence on Alabama’s Lake Martin, excludes the Harbor Pointe real estate.
Revenue increased 4% to $594 million by “maintaining flat dealership, same-store sales and aggressively managing overall boat inventory.”
The electric boat builder received an evenly split order for 100 of its 22-foot dual- and center-console boats.
Revenues increased 19% to $524 million, and gross profit margin was 28%.
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