In a turbulent turn for Onewater Marine (NASDAQ:ONEW) Inc., the company’s stock has hit a 52-week low, dropping to $17.6 amidst challenging market conditions. With a market capitalization of $290 million and revenue of $1.77 billion, the marine retailer currently trades near its InvestingPro Fair Value, despite analyst targets ranging from $23 to $31. This significant downturn reflects a stark 47.99% decline over the past year, underscoring the intense pressures the recreational boating sector has faced. Investors are closely monitoring the stock as it navigates these choppy financial waters, with many keeping an eye on potential rebounds or further dips as the market continues to evolve. InvestingPro analysis reveals high stock volatility with a beta of 2.55, while seven analysts have recently revised their earnings expectations downward. For deeper insights into ONEW’s financial health and growth prospects, subscribers can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, OneWater Marine Inc. has released its fiscal fourth quarter and full year 2024 results, which underscore the company’s resilience amidst the challenges brought about by Hurricanes Helene and Milton. The company reported a 16% decrease in total revenue to $378 million for the fourth quarter, along with a net loss of $10 million, which, however, denotes an improvement from the previous year. Despite these figures, all retail locations are now fully operational, highlighting a focus on recovery and customer service.
The company’s full-year operating income for 2024 was $65 million, a substantial increase from $18 million the previous year. Adjusted EBITDA for 2024 stood at $82 million, with adjusted earnings per share at $0.98. Looking forward, OneWater Marine projects total sales between $1.7 billion and $1.85 billion for fiscal 2025, with an adjusted EBITDA ranging from $80 million to $110 million.
These recent developments reflect the company’s strategic efforts to manage debt levels and optimize costs while navigating the impacts of the hurricanes. Despite a projected impact on Q1 2025 results due to the hurricanes, the company remains cautiously optimistic about recovering demand in the second half of 2025, backed by consistent demand for pre-owned boats.
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