Latest news with #OneWater
Business Wire
08-08-2025
- Business
- Business Wire
Beale Infrastructure Cancels Reclaimed Water System Expansion Plans for Tucson
TUCSON, Ariz.--(BUSINESS WIRE)--Data centers are the physical backbone of the digital world. The people of Southern Arizona rely on this infrastructure daily to check emails, perform critical health and municipal services, enable remote work, stream media and to organize community events. Beale Infrastructure was founded based on the belief that data centers can and should be designed sustainably working in close partnership with communities, and Beale's mission is to push the industry forward to enable a responsible and inclusive digital infrastructure future. Beale was invited by the City of Tucson to engage in a public-private partnership for the sustainable development of data centers called 'Project Blue.' The city expressed enthusiasm for the transformative impact of Beale's proposed investments to substantially expand reclaimed water infrastructure and invest an initial $3.6B of economic impact and job creation in Tucson's economically disadvantaged southeast area which has been earmarked for industrial development. On May 30, 2025, it was publicly communicated by the City that the concepts for Project Blue strike the appropriate balance for significant economic development without risking the region's water security. Project Blue concepts have been developed in close partnership with the City of Tucson, engineers at Tucson Water, and Tucson Electric Power (TEP) to maximize principles for sustainable data center design, responsible water use and the pursuit of carbon-free energy resources. At full potential buildout, the concept plans for Project Blue entailed use of a small portion of Tucson's reclaimed water portfolio, which Beale committed to replenish drop-for-drop via investments to develop new water sources, fund PFAS remediation projects, remedy system leaks and other initiatives to be enforced by way of a development agreement. Beale participated in a series of open information-sharing sessions to engage with the community and answer questions about Project Blue. On August 6, 2025, the City Council voted to discontinue engagement on the proposed annexation, resulting in the cancellation of Beale's plans for reclaimed water system expansions. Beale supports and actively seeks community feedback for all potential developments and respects the community's input on the proposed use and replenishment from Tucson's water system. Alternative cooling designs have not yet been prioritized for Project Blue based on the City's feedback and desire to see reclaimed water infrastructure expansions, but they are a viable path for data centers to operate in the region with minimal water use. We continue to believe there is a win-win solution to bring this record-breaking investment to Tucson. 'We are disappointed in the decision not to pursue this opportunity for Tucson. We partnered closely with municipal engineering teams and Tucson Water to develop plans directly compatible with Tucson's Climate Action and Adaptation and One Water plans,' stated Brendan Gallagher, Senior Vice President of Development. 'We see it as a missed opportunity for the city, as this project potentially represents tens of millions of dollars in tax revenue, hundreds of millions of dollars in infrastructure to serve the community, and thousands of high-paying local and union jobs.' Beale thanks the supporters who are engaged on this opportunity, and we will continue to engage with the Tucson community on the dialogue around sustainable data center development standards and the role these projects can play advancing Southern Arizona's economic and technological future. Beale is evaluating community partnerships, clean energy strategies and digital infrastructure investment opportunities throughout the United States, and we look forward to sharing more announcements soon.
Business Wire
31-07-2025
- Business
- Business Wire
OneWater Marine Inc. Announces Fiscal Third Quarter Results
BUFORD, Ga.--(BUSINESS WIRE)--OneWater Marine Inc. (NASDAQ: ONEW) ('OneWater' or the 'Company') today announced results for its fiscal third quarter ended June 30, 2025. 'The quarter highlighted our ability to outperform broader industry trends, despite macroeconomic uncertainty. As expected, a highly competitive environment and significant promotional activity across the industry continues to pressure margins,' commented Austin Singleton, Chief Executive Officer at OneWater. 'Our focus on serving our customers, executing our strategy, and taking market share remains unwavering. We continue to position the business for long-term success through a disciplined and thoughtful approach to inventory management, which includes strategic brand exits that are progressing as planned. By staying focused on factors within our control, we remain well-equipped to navigate this dynamic environment and drive results.' Fiscal Third Quarter 2025 Results Revenue for fiscal third quarter 2025 was $552.9 million, an increase of 1.9% compared to $542.4 million in fiscal third quarter 2024. Same-store sales increased 2%. New boat revenue decreased 2.1%, driven by a decrease in units sold, partially offset by an increase in average price per unit. Pre-owned boat revenue increased 17.8%, driven by the increase in units sold and average price per unit. Finance & insurance income remained flat as a percentage of total boat sales, and service, parts & other sales were down 1.7% compared to the prior year quarter. Dealership service, parts, and other sales increased in the quarter while Distribution segment sales were lower due to reduced production by boat manufacturers. Gross profit totaled $128.7 million for fiscal third quarter 2025, down $3.9 million from $132.6 million for fiscal third quarter 2024. Gross profit margin of 23.3% decreased 110 basis points compared to the prior year period, driven by new boat model mix and pricing on continuing brands, and the impact of select brands the Company is exiting. Fiscal third quarter 2025 selling, general and administrative expenses totaled $92.1 million, or 16.7% of revenue, compared to $87.1 million, or 16.0% of revenue, in fiscal third quarter 2024. The increase in selling, general and administrative expenses as a percentage of revenue was driven by increased expenses to drive our same-store sales results and inflationary costs related to administrative and fixed expenses. Net income for fiscal third quarter 2025 totaled $10.7 million, compared to net income of $16.7 million in fiscal third quarter 2024. The Company reported net income per diluted share for fiscal third quarter 2025 of $0.65, compared to net income per diluted share of $0.99 in 2024. Adjusted diluted earnings per share 1 for fiscal third quarter 2025 was $0.79, compared to adjusted diluted earnings per share 1 of $1.05 in 2024. Fiscal third quarter 2025 Adjusted EBITDA 1 decreased to $32.8 million compared to $39.2 million for fiscal third quarter 2024. As of June 30, 2025, the Company's cash and cash equivalents balance was $70.1 million and total liquidity, including cash and availability under credit facilities, was in excess of $85.0 million. Total inventory as of June 30, 2025, decreased 13.6% to $517.1 million, compared to $598.6 million on June 30, 2024, primarily driven by the Company's inventory management. Total long-term debt as of June 30, 2025 was $419.5 million, and adjusted long-term net debt (net of $70.1 million cash) 1 was 5.8 times trailing twelve-month Adjusted EBITDA 1. Fiscal Year 2025 Guidance The Company is updating its previously issued fiscal full year 2025 outlook. For fiscal full year 2025, OneWater anticipates revenue to be in the range of $1.80 billion to $1.85 billion and dealership same-store sales to be up low single digits. Adjusted EBITDA 2 is expected to be in the range of $65 million to $80 million and Adjusted Diluted Earnings Per Share is expected to be in the range of $0.50 to $0.75. Conference Call and Webcast OneWater will host a conference call to discuss its fiscal third quarter earnings on Thursday, July 31st, at 8:30 am Eastern time. To access the conference call via phone, participants can dial (+1) 646 564 2877 or (+1) 800 549 8228 (North America Toll Free). Alternatively, a live webcast of the conference call can be accessed through the 'Events' section of the Company's website at where it will be archived for one year. A telephonic replay will also be available through August 7th, 2025 by dialing (+1) 646 517 3975 (US), (+1) 289 819 1325 (Canada), or (+1) 888 660 6264 (North America Toll Free), and entering access code 25911 #. See reconciliation of Non-GAAP financial measures below. See reconciliation of Non-GAAP financial measures below for a discussion of why reconciliations of forward-looking Adjusted EBITDA and adjusted earnings per diluted share are not available without unreasonable effort. Three Months Ended June 30, Nine Months Ended June 30, 2025 2024 2025 2024 Revenues: New boat $ 326,134 $ 333,162 $ 883,631 $ 901,552 Pre-owned boat 125,941 106,889 272,467 238,820 Finance & insurance income 17,782 17,932 42,185 40,022 Service, parts & other 83,007 84,458 213,916 214,381 Total revenues 552,864 542,441 1,412,199 1,394,775 Gross profit New boat 51,950 56,722 139,109 161,483 Pre-owned boat 22,535 22,263 49,602 50,065 Finance & insurance 17,782 17,932 42,185 40,022 Service, parts & other 36,396 35,688 92,232 92,840 Total gross profit 128,663 132,605 323,128 344,410 Selling, general and administrative expenses 92,138 87,059 258,989 253,169 Depreciation and amortization 5,593 5,091 16,426 14,185 Transaction costs 175 242 1,111 966 Change in fair value of contingent consideration 144 214 452 3,918 Restructuring and impairment 234 — 1,473 11,847 Income from operations 30,379 39,999 44,677 60,325 Other expense (income): Interest expense – floor plan 7,340 9,290 21,870 25,627 Interest expense – other 9,041 9,008 27,129 27,352 Other (income) expense, net (224 ) (1,357 ) 853 889 Total other expense, net 16,157 16,941 49,852 53,868 Net income (loss) before income tax expense (benefit) 14,222 23,058 (5,175 ) 6,457 Income tax expense (benefit) 3,507 6,344 (1,903 ) 2,222 Net income (loss) 10,715 16,714 (3,272 ) 4,235 Net (income) attributable to non-controlling interests — — — (119 ) Net (income) loss attributable to non-controlling interests of One Water Marine Holdings, LLC — (2,031 ) 1,648 (572 ) Net income (loss) attributable to OneWater Marine Inc. $ 10,715 $ 14,683 $ (1,624 ) $ 3,544 Net earnings (loss) per share of Class A common stock – basic $ 0.66 $ 1.01 $ (0.10 ) $ 0.24 Net earnings (loss) per share of Class A common stock – diluted $ 0.65 $ 0.99 $ (0.10 ) $ 0.24 Basic weighted-average shares of Class A common stock outstanding 16,313 14,593 15,700 14,571 Diluted weighted-average shares of Class A common stock outstanding 16,444 14,891 15,700 14,835 Expand ONEWATER MARINE INC. Reconciliation of Non-GAAP Financial Measures (In thousands, except per share data) (Unaudited) Three Months Ended June 30, Nine Months Ended June 30, 2025 2024 2025 2024 Net income (loss) attributable to OneWater Marine Inc. $ 10,715 $ 14,683 $ (1,624 ) $ 3,544 Transaction costs 175 242 1,111 966 Intangible amortization 2,167 2,086 6,437 5,743 Change in fair value of contingent consideration 144 214 452 3,918 Restructuring and impairment 727 — 3,013 11,847 Other (income) expense, net (224 ) (1,357 ) 853 889 Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1) — (107 ) (568 ) (2,103 ) Adjustments to income tax expense (2) (687 ) (248 ) (2,599 ) (4,890 ) Adjusted net income attributable to OneWater Marine Inc. 13,017 15,513 7,075 19,914 Net income (loss) per share of Class A common stock - diluted $ 0.65 $ 0.99 $ (0.10 ) $ 0.24 Transaction costs 0.01 0.02 0.07 0.07 Intangible amortization 0.13 0.15 0.41 0.39 Change in fair value of contingent consideration 0.01 0.01 0.03 0.26 Restructuring and impairment 0.04 — 0.19 0.80 Other (income) expense, net (0.01 ) (0.09 ) 0.05 0.06 Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1) — (0.01 ) (0.04 ) (0.14 ) Adjustments to income tax expense (2) (0.04 ) (0.02 ) (0.17 ) (0.33 ) Adjustment for dilutive shares (3) — — 0.01 — Adjusted earnings per share of Class A common stock - diluted $ 0.79 $ 1.05 $ 0.45 $ 1.35 (1) Represents an allocation of the impact of reconciling items to our non-controlling interest. (2) Represents an adjustment of all reconciling items at an estimated effective tax rate. (3) Represents an adjustment for shares that are anti-dilutive for GAAP earnings per share but are dilutive for adjusted earnings per share. Expand Three Months Ended June 30, Trailing twelve months ended June 30, 2025 2024 2025 Net income (loss) $ 10,715 $ 16,714 $ (13,683 ) Interest expense – other 9,041 9,008 36,827 Income tax expense (benefit) 3,507 6,344 (4,282 ) Depreciation and amortization 6,301 5,785 24,441 Stock-based compensation 2,459 2,256 8,235 Change in fair value of contingent consideration 144 214 782 Transaction costs 175 242 1,675 Restructuring and impairment 727 — 6,484 Other (income) expense, net (224 ) (1,357 ) (22 ) Adjusted EBITDA $ 32,845 $ 39,206 $ 60,457 Long-term debt (including current portion) $ 419,467 Less: cash (70,146 ) Adjusted long-term net debt $ Pro forma adjusted net debt leverage ratio 5.8 x Expand About OneWater Marine Inc. OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 97 retail locations, 9 distribution centers / warehouses and multiple online marketplaces in 19 different states, several of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, finance and insurance products, parts and accessories, maintenance, repair and other services. Non-GAAP Financial Measures and Key Performance Indicators This press release and our related earnings call contain certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income (Loss) Attributable to OneWater Marine Inc., Adjusted Diluted Earnings (Loss) Per Share and Adjusted Long-Term Net Debt, as measures of our operating performance. Management believes these measures may be useful in performing meaningful comparisons of past and present operating results, to understand the performance of the Company's ongoing operations and how management views the business. Reconciliations of reported GAAP measures to adjusted non-GAAP measures are included in the financial schedules contained in this press release. These measures, however, should not be construed as an alternative to any other measure of performance determined in accordance with GAAP. Because our non-GAAP financial measures may be defined differently by other companies, our definition of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. We have not reconciled non-GAAP forward-looking measures, including Adjusted EBITDA and Adjusted Earnings (Loss) Per Diluted Share guidance, to their corresponding GAAP measures due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to change in fair value of contingent consideration and transaction costs. Change in fair value of contingent consideration and transaction costs are affected by the acquisition, integration and post-acquisition performance of our acquirees which is difficult to predict and subject to change. Accordingly, reconciliations of forward-looking Adjusted EBITDA and Adjusted Earnings (Loss) Per Diluted Share are not available without unreasonable effort. Adjusted EBITDA We define Adjusted EBITDA as net income (loss) before interest expense – other, income tax (benefit) expense, depreciation and amortization and other (income) expense, further adjusted to eliminate the effects of items such as the change in fair value of contingent consideration, restructuring and impairment, stock-based compensation and transaction costs. See reconciliation above. Our board of directors, management team and lenders use Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization) and other items (such as the change in fair value of contingent consideration, income tax (benefit) expense, restructuring and impairment, stock-based compensation and transaction costs) that impact the comparability of financial results from period to period. We present Adjusted EBITDA because we believe it provides useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. Adjusted EBITDA is not a financial measure presented in accordance with GAAP. We believe that the presentation of this non-GAAP financial measure will provide useful information to investors and analysts in assessing our financial performance and results of operations across reporting periods by excluding items we do not believe are indicative of our core operating performance. Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. and Adjusted Diluted (Loss) Earnings Per Share We define Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. as Net (Loss) Income Attributable to OneWater Marine Inc. before transaction costs, intangible amortization, change in fair value of contingent consideration, restructuring and impairment and other expense (income), all of which are then adjusted for an allocation to the non-controlling interest of OneWater Marine Holdings, LLC. Each of these adjustments are subsequently adjusted for income tax at an estimated effective tax rate. Management also reports Adjusted Diluted (Loss) Earnings Per Share which presents all of the adjustments to Net (Loss) Income Attributable to OneWater Marine Inc. noted above on a per share basis. See reconciliation above. Our board of directors, management team and lenders use Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. and Adjusted Diluted (Loss) Earnings Per Share to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of unusual or one time charges and other items (such as the change in fair value of contingent consideration, intangible amortization, restructuring and impairment, transaction costs and other expense (income)) that impact the comparability of financial results from period to period. We present these metrics because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. and Adjusted Diluted (Loss) Earnings Per Share are not financial measures presented in accordance with GAAP. We believe that the presentation of these non-GAAP financial measures will provide useful information to investors and analysts in assessing our financial performance and results of operations across reporting periods by excluding items we do not believe are indicative of our core operating performance. Adjusted Long-Term Net Debt We define Adjusted Long-Term Net Debt as long-term debt (including current portion) less cash. We consider, and we believe certain investors and analysts consider, adjusted long-term net debt, as well as adjusted long-term net debt divided by trailing twelve-month Adjusted EBITDA, to be an indicator of our financial leverage. Same-Store Sales We define same-store sales as sales from our Dealership segment, excluding new and acquired stores. New and acquired stores become eligible for inclusion in the comparable store base at the end of the store's thirteenth month of operations under our ownership and revenues are only included for identical months in the same-store base periods. Stores relocated within an existing market remain in the comparable store base for all periods. Additionally, amounts related to closed or sold stores are excluded from each comparative base period. We use same-store sales to assess the organic growth of our Dealership segment revenue. We believe that our assessment on a same-store basis represents an important indicator of comparative financial results and provides relevant information to assess our performance. Cautionary Statement Concerning Forward-Looking Statements This press release and statements made during the above referenced conference call may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and its expectations regarding future revenue, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'will be,' 'will likely result,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'would,' 'foresees,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'outlook' or 'continue' or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: changes in demand for our products and services, the seasonality and volatility of the boat industry, effects of industry wide supply chain challenges including a heightened inflationary environment and our ability to maintain adequate inventory, fluctuation in interest rates, adverse weather events, our acquisition and business strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of a global public health concern on the Company's business, geopolitical risks, including the imposition of or changes in tariffs, duties, or other taxes affecting international trade, risks related to the ability to realize the anticipated benefits of any proposed acquisitions, including the risk that proposed acquisitions will not be integrated successfully, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of our Annual Report on Form 10-K for the fiscal year ended September 30, 2024 and in our subsequently filed Quarterly Reports on Form 10-Q, each of which is on file with the SEC and available from OneWater Marine's website at under the 'Investors' tab, and in other documents OneWater Marine files with the SEC. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.
Yahoo
24-07-2025
- Business
- Yahoo
3 Reasons to Sell ONEW and 1 Stock to Buy Instead
Over the last six months, OneWater's shares have sunk to $15.75, producing a disappointing 7.7% loss - a stark contrast to the S&P 500's 4.3% gain. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation. Is there a buying opportunity in OneWater, or does it present a risk to your portfolio? Get the full breakdown from our expert analysts, it's free. Why Is OneWater Not Exciting? Even with the cheaper entry price, we're sitting this one out for now. Here are three reasons why ONEW doesn't excite us and a stock we'd rather own. 1. Shrinking Same-Store Sales Indicate Waning Demand Same-store sales show the change in sales for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. This is a key performance indicator because it measures organic growth. OneWater's demand has been shrinking over the last two years as its same-store sales have averaged 1.4% annual declines. 2. EPS Trending Down We track the long-term change in earnings per share (EPS) because it highlights whether a company's growth is profitable. OneWater's full-year EPS dropped significantly over the last four years. In a mature sector such as consumer retail, we tend to steer our readers away from companies with falling EPS because it could imply changing secular trends and preferences. If the tide turns unexpectedly, OneWater's low margin of safety could leave its stock price susceptible to large downswings. 3. High Debt Levels Increase Risk Debt is a tool that can boost company returns but presents risks if used irresponsibly. As long-term investors, we aim to avoid companies taking excessive advantage of this instrument because it could lead to insolvency. OneWater's $566.1 million of debt exceeds the $67.46 million of cash on its balance sheet. Furthermore, its 7× net-debt-to-EBITDA ratio (based on its EBITDA of $66.82 million over the last 12 months) shows the company is overleveraged. At this level of debt, incremental borrowing becomes increasingly expensive and credit agencies could downgrade the company's rating if profitability falls. OneWater could also be backed into a corner if the market turns unexpectedly – a situation we seek to avoid as investors in high-quality companies. We hope OneWater can improve its balance sheet and remain cautious until it increases its profitability or pays down its debt. Final Judgment OneWater isn't a terrible business, but it doesn't pass our bar. Following the recent decline, the stock trades at 8.7× forward P/E (or $15.75 per share). While this valuation is optically cheap, the potential downside is big given its shaky fundamentals. We're fairly confident there are better stocks to buy right now. We'd suggest looking at the Amazon and PayPal of Latin America. Stocks We Would Buy Instead of OneWater Donald Trump's April 2024 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don't miss out on the recovery - check out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-06-2025
- Automotive
- Yahoo
Q1 Earnings Outperformers: OneWater (NASDAQ:ONEW) And The Rest Of The Automotive and Marine Retail Stocks
Let's dig into the relative performance of OneWater (NASDAQ:ONEW) and its peers as we unravel the now-completed Q1 automotive and marine retail earnings season. At their essence, cars and boats get you from point A to point B, but the former is usually a necessity in everyday life while the latter is a luxury or leisure product. The retailers that sell these vehicles therefore cater to different needs and populations. There are also retailers that may not sell cars and boats themselves but the parts and accessories needed to keep these complex machines in tip top shape. The 11 automotive and marine retail stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4%. Luckily, automotive and marine retail stocks have performed well with share prices up 11.8% on average since the latest earnings results. A public company since early 2020, OneWater Marine (NASDAQ:ONEW) sells boats, yachts, and other marine products. OneWater reported revenues of $483.5 million, flat year on year. This print fell short of analysts' expectations by 2.8%. Overall, it was a disappointing quarter for the company with full-year EBITDA guidance missing analysts' expectations. 'Our teams executed well in a challenging environment. Same store sales decreased 2%, driven primarily by lower sales in the West Coast of Florida which is still recovering from Hurricanes Helene and Milton,' commented Austin Singleton, Chief Executive Officer at OneWater. OneWater delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. The stock is down 7.7% since reporting and currently trades at $13.84. Read our full report on OneWater here, it's free. With a strong presence in the Southern and Central US, America's Car-Mart (NASDAQ:CRMT) sells used cars to budget-conscious consumers. America's Car-Mart reported revenues of $370.2 million, up 1.9% year on year, outperforming analysts' expectations by 7.8%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The market seems unhappy with the results as the stock is down 11% since reporting. It currently trades at $51.41. Is now the time to buy America's Car-Mart? Access our full analysis of the earnings results here, it's free. Started as a single location in Rochester, New York, Monro (NASDAQ:MNRO) provides common auto services such as brake repairs, tire replacements, and oil changes. Monro reported revenues of $295 million, down 4.9% year on year, exceeding analysts' expectations by 1.3%. Still, it was a softer quarter as it posted a significant miss of analysts' EBITDA and gross margin estimates. Interestingly, the stock is up 11.9% since the results and currently trades at $14.28. Read our full analysis of Monro's results here. Largely targeting the professional customer, Genuine Parts (NYSE:GPC) sells auto and industrial parts such as batteries, belts, bearings, and machine fluids. Genuine Parts reported revenues of $5.87 billion, up 1.4% year on year. This result surpassed analysts' expectations by 0.5%. Overall, it was a strong quarter as it also produced a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' gross margin estimates. The stock is up 7.1% since reporting and currently trades at $119.77. Read our full, actionable report on Genuine Parts here, it's free. Appropriately headquartered in Clearwater, Florida, MarineMax (NYSE:HZO) sells boats, yachts, and other marine products. MarineMax reported revenues of $631.5 million, up 8.3% year on year. This number topped analysts' expectations by 8.8%. It was a strong quarter as it also logged an impressive beat of analysts' EBITDA estimates and a solid beat of analysts' EPS estimates. MarineMax scored the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is up 31.2% since reporting and currently trades at $25.25. Read our full, actionable report on MarineMax here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
Plug Power, Sabre, OneWater, Kura Sushi, and American Airlines Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Renewable Energy company Plug Power (NASDAQ:PLUG) jumped 5.4%. Is now the time to buy Plug Power? Access our full analysis report here, it's free. Travel and Vacation Providers company Sabre (NASDAQ:SABR) jumped 5.1%. Is now the time to buy Sabre? Access our full analysis report here, it's free. Boat & Marine Retailer company OneWater (NASDAQ:ONEW) jumped 5.1%. Is now the time to buy OneWater? Access our full analysis report here, it's free. Sit-Down Dining company Kura Sushi (NASDAQ:KRUS) jumped 5.1%. Is now the time to buy Kura Sushi? Access our full analysis report here, it's free. Travel and Vacation Providers company American Airlines (NASDAQ:AAL) jumped 5.2%. Is now the time to buy American Airlines? Access our full analysis report here, it's free. Plug Power's shares are extremely volatile and have had 95 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was about 2 months ago when the stock gained 39.2% on the news that the company locked in a new loan of up to $525 million, boosting its cash pile and providing more headroom to support operations and future growth plans. It also shared strong early sales for the first quarter of 2025, beating Wall Street's estimates. Q1 2025 revenue guidance was estimated at around $130 million to $134 million. Looking ahead, PLUG forecasted second-quarter 2025 revenue between $140 million and $180 million, aligning closely with analyst consensus and reinforcing confidence in its near-term outlook. Plug Power is down 43.8% since the beginning of the year, and at $1.31 per share, it is trading 60.8% below its 52-week high of $3.34 from July 2024. Investors who bought $1,000 worth of Plug Power's shares 5 years ago would now be looking at an investment worth $240.37. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
