Filing Flows › OneWater Marine (ONEW) › Q4 FY24
OneWater Marine (ONEW) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 10, 2024
OneWater Marine (ONEW) reported revenue of $378M for the fourth quarter fiscal 2024 (Q4 FY24), -16% from a year earlier and -30% from the quarter before. Operating margin was 1.2%, net loss $10.4M (2.8% of revenue).
OneWater Marine, Q4 FY24: revenue $378M (-16% year over year), operating margin 1.2%, net loss $10.4M, operating cash flow $27.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $378M | -30% | -16% |
| Operating profit | $4.5M | — | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | $27.3M | -71% | +516% |
| Free cash flow | $23.2M | -73% | 124× |
What changed
Revenue was $377.9M in Q4 FY24, down 16% year over year and down 30% from the previous quarter. New boat was the largest line at 57% of revenue.
Operating profit was $4.5M, a 1.2% margin (up 27.2 points year over year). Total costs fell 34% while revenue fell 16%. The quarter ended with a net loss of $10.4M, after a profit of $16.7M the previous quarter. Minority interests bore $1.2M of it: to shareholders the quarter was a loss of $9.2M. Net interest and other expense of $17.3M was the main reason.
Operating cash flow was $27.3M (up 516% year over year). Non-cash charges added back $5.9M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $30.3M. Capital expenditures of $4.2M left free cash flow of $23.2M.
Questions
What was OneWater Marine's revenue in the fourth quarter fiscal 2024?
OneWater Marine (ONEW) reported revenue of $378M for the fourth quarter fiscal 2024 (Q4 FY24), -16% from a year earlier and -30% from the quarter before.
Was OneWater Marine profitable in the fourth quarter fiscal 2024?
Operating profit was $4.5M (1.2% of revenue) and net loss $10.4M.
Source: OneWater Marine 10-K on SEC EDGAR.