For its fiscal third quarter, OneWater Marine reported higher revenue, same-store sales, profit and profit margin. The company also raised its full-year guidance.
Revenue in the quarter ended June 30 was $568.9 million, compared with $404.2 million in the same quarter of fiscal 2021, the Buford, Ga.-based dealer said in a statement. Net income rose to $64.5 million from $51.6 million.
Same-store sales increased 12 percent, and gross profit margin widened by 90 basis points to 32.3 percent.
“Through a broad network of high-caliber stores, our dealers are leveraging OneWater’s scale, inventory and expanded offerings while mitigating challenges presented by a constrained production environment,” CEO Austin Singleton said in the statement.
Currently in its fourth fiscal quarter, OneWater said it increased full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization to a range of $240 million to $230 million.
“As we enter the final quarter of our fiscal year, we have maintained our momentum, and the consumer demand has been robust,” Singleton said.
