ONEW News and Press, OneWater Marine Inc. From 08/04/22

Fiscal Third Quarter 2022 Highlights Revenue increased 41% to $569 million Same-store sales increased 12% Gross profit margin expanded 90 basis points to 32.3% Net income increased 25% to $64 million Net income per diluted share attributable to OneWater increased...

BUFORD, Georgia, July 21, 2022 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (the “Company” or “OneWater”) announced today that it will release its fiscal third quarter 2022 financial results on Thursday, August 4, 2022, before the market opens. Followi...

KeyBanc Capital Markets hunkered down for the balance of the year with downgrades and price target revisions across the leisure sector. Stocks dropped by analyst Brett Andress and team to a Sector Weight rating from Overweight included Caesars Interactive ( NASDAQ: CZR ), Ha...

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”...