OneWater Marine Inc. (NASDAQ: NASDAQ:ONEW) stock has hit a turbulent patch, reaching a 52-week low of $19.88. This significant downturn reflects a challenging year for the company, with the stock experiencing a 1-year change of -18.83%. Investors are closely monitoring OneWater Marine's performance as it navigates through these choppy market waters, hoping for a course correction that will steer the stock back towards more favorable tides.
In other recent news, OneWater Marine Inc. has reported its fiscal fourth quarter and full year 2024 results, demonstrating resilience despite challenges from Hurricanes Helene and Milton. The company's total revenue for Q4 2024 decreased by 16% to $378 million, and it experienced a net loss of $10 million, an improvement from the previous year. Notably, all retail locations are now operational, and the company is focusing on customer service.
OneWater Marine's full-year operating income for 2024 was $65 million, a significant increase from $18 million the previous year. Furthermore, adjusted EBITDA for 2024 stood at $82 million with adjusted earnings per share at $0.98. The company's management projects total sales for 2025 to be between $1.7 billion and $1.85 billion, with adjusted EBITDA ranging from $80 million to $110 million.
These recent developments indicate the company's recovery trajectory post-hurricane. Despite a projected impact on Q1 2025 results due to the hurricanes, OneWater Marine shows signs of a promising 2025 with management expressing cautious optimism for margin improvements.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on OneWater Marine Inc.'s (NASDAQ: ONEW) current situation. The company's market capitalization stands at $297.8 million, reflecting its recent stock price decline. This downturn is further emphasized by InvestingPro data showing a 15.28% drop in the stock's total return over the past week, aligning with the article's mention of the stock hitting a 52-week low.
InvestingPro Tips highlight that ONEW is currently trading near its 52-week low and has taken a significant hit over the last week, corroborating the article's narrative. Additionally, while the company was not profitable over the last twelve months, analysts predict it will return to profitability this year. This forecast suggests potential for recovery, which could be of interest to investors looking for turnaround opportunities.
It's worth noting that OneWater Marine operates with a significant debt burden, which may contribute to its current challenges. However, the company's Price to Book ratio of 0.84 indicates that it might be undervalued relative to its assets, potentially offering a silver lining for value-oriented investors.
For those seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide further insights into ONEW's financial health and future prospects.
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