ONEW News and Press, OneWater Marine Inc. From 07/08/22

While he noted that bullish long term theses for many boating stocks remain intact, Truist analyst Michael Swartz advised clients to be patient with the space. “We believe many of the marine stocks will remain ‘dead money’ at best in the [near term] as i...

The acquisition of Ocean Bio-Chem will boost revenue growth and shield OneWater Marine from cyclical uncertainty. The company is experiencing robust demand, which is likely to continue in FY22. OneWater Marine has a strong buy rating as per Quant analysis and it is outperforming o...

In an industry update, Baird indicated significant slowdowns in powerboat sales that will likely impact names across the space. The firm’s data indicated that powerboat retail sales fell 18% for the month of May, with year-to-date sales declining 19%. By category, the Ski/Wake data fel...

Zendesk to be acquired by an investor group led by investment firms Permira and Hellman & Friedman in an all-cash transaction valued at approximately $10.2 billion. The price that Zendesk finally settled for was 40% below the midpoint of the original offer made by the same group o...

Ocean Bio-Chem Inc ( NASDAQ: OBCI ) and OneWater Marine Inc ( NASDAQ: ONEW ) have entered into a definitive merger agreement whereby the latter corporation is to acquire the former. This announcement increased Ocean Bio-Chem’s stock price by 110%. Bio-Chem Inc...

Acquisition of high-growth business should be positive. Ocean Bio-Chem has 5-year EPS CAGR of 31%. OneWater has a very successful acquisition track record. The acquisition will help diversify the revenue stream and add recurring spares business. 3.5x FY09/2023 P/E overly d...

BUFORD, Ga. and FT. LAUDERDALE, Fla., June 22, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today that it has signed a definitive agreement to acquire Ocean Bio-Chem, Inc. (NASDAQ: OBCI) (“OBCI”...

34% revenue growth, gross margin up 530bps, EPS up 38%. FY09/22 guidance increased again to $8.60-$9.00. Demand for boats remains robust. Share repurchase plan introduced in March 2022. 4.0x FY09/22 P/E, 37.8% FCF yield in FY09/21, 5% special dividend in FY09/21. For...

OneWater Marine Inc. (ONEW) Q2 2022 Earnings Conference Call May 5, 2022 08:30 ET Company Participants Jack Ezzell - Chief Financial Officer Austin Singleton - Chief Executive Officer Anthony Aisquith - President and Chief Operating Officer Conference Call Participants Craig Kennison - Baird ...

Image source: The Motley Fool. OneWater Marine Inc. (NASDAQ: ONEW) Q2 2022 Earnings Call May 05, 2022 , 8:30 a.m. ET Operator Continue reading For further details see: OneWater Marine Inc. (ONEW) Q2 2022 Earnings Call Transcript