Tag Archives: Austin Singleton

OneWater reports record Q3

OneWater

OneWater Marine Inc. announced results for its fiscal third quarter ended June 30, 2022. "The business is firing on all cylinders, significantly exceeding our expectations. We delivered record results in the fiscal third quarter, with revenues increasing 41% and Adjusted EBITDA rising 45%. Our performance was bolstered by strength across the business, diversity in our model, and a powerful, multi-faceted ...

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OneWater acquires Ocean Bio-Chem, Inc.

OneWater

OneWater Marine Inc. has announced that it's signed a definitive agreement to acquire Ocean Bio-Chem, Inc. (OBCI) a supplier and distributor of appearance, cleaning, and maintenance products for the marine industry and the automotive, powersports, recreational vehicles, and outdoor power equipment markets, for $13.08 per share, in an all-cash transaction valued at approximately $125 million. As part of the transaction, ...

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OneWater Marine releases second quarter report

OneWater Marine logo

OneWater Marine Inc. (NASDAQ: ONEW) has announced results for its fiscal second quarter ended March 31, 2022. "We had another exceptional quarter, delivering 34% revenue growth, expanding gross margins by 530 basis points and driving EPS up 39% year-over-year. In the fiscal second quarter, we also completed the acquisitions of JIF Marine and YakGear, accelerating our parts and services revenue ...

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OneWater Marine authorizes $50M share repurchase

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OneWater Marine Inc. announced that its Board of Directors approved a share repurchase program to repurchase up to $50 million of the Company’s Class A common stock from time to time in the open market, in privately negotiated transactions, or by such other means as will comply with applicable state and federal securities laws. This is the Company’s first authorization ...

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OneWater acquires Denison Yachting

OneWater Marine logo

OneWater Marine Inc. announced that it has reached an agreement to acquire Denison Yachting, which will expand the Company’s presence into the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. The transaction is expected to close in the Company’s fiscal third quarter. “We are thrilled to welcome Bob Denison and his team into ...

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OneWater acquires YakGear Inc.

OneWater Marine logo

OneWater Marine Inc. announced that its subsidiary, T-H Marine, has acquired YakGear, Inc. (“YakGear”), a supplier of kayak equipment, paddle sports accessories, and boat mounting accessories based in Houston, Texas. “Since 2006, YakGear Founder and President Bill Bragman and his team have done a remarkable job providing accessories to kayak, canoe, and stand up paddle board enthusiasts, earning YakGear’s reputation ...

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OneWater reports Q1 results for 2022

OneWater Marine logo

OneWater Marine Inc. recently announced results for its fiscal first quarter ended December 31, 2021. "The OneWater team once again delivered an exceptional quarter in the face of ongoing supply chain challenges. Our same store sales increased 28%, compared to a tremendous quarter last year, highlighting the strength of our team and effective use of our advanced inventory management tools ...

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T-H Marine acquires JIF Marine LLC

OneWater Marine logo

OneWater Marine Inc. announced that its subsidiary, T-H Marine, has acquired JIF Marine LLC (“JIF”), an industry-leading supplier of stainless steel ladders, dock products, and other accessories for recreational marine applications based in Memphis, Tennessee. “JIF Marine has a strong reputation for service, value, and selection, and we couldn’t be more excited to bring them onboard. This will be our ...

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OneWater brightens holidays for local children

OneWater Marine logo

OneWater Marine Inc. announced that it donated more than $200,000 and collected over 6,800 toys for local Toys for Tots programs in 2021. Toys were in short supply this year due in large part to the supply chain challenges and ongoing impacts from COVID. In addition to a monetary donation, OneWater Marine dealers hosted toy collection drives at various big ...

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OneWater to acquire majority interest in Quality Boats

OneWater Marine Inc. announced that it has entered into a definitive agreement to acquire a majority interest, in Quality Boats. The transaction will expand the company’s presence on the west coast of Florida and enhances new and pre-owned boat sales and parts and services offerings. For the full calendar year 2021, Quality Boats is expected to generate approximately $140 million ...

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