Earnings release
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ONEWATER NEWS RELEASE OneWater Marine Inc. Announces Fiscal First Quarter 2021 Results 2021-02-04 PDF Version Agile sales and marketing teams deliver strong sales ; Significant M & A activity expected to accelerate 2021 growth Fiscal First Quarter 2021 Highlights • Revenue increased 39 % to $ 214.1 million • Same - store sales increased 38 % • Net income increased to $ 11.8 million , or $ 0.71 per diluted share • Adjusted EBITDA1 increased to $ 16.7 million • Completed three of the largest acquisitions in company history BUFORD , Ga . , Feb. 04 , 2021 ( GLOBE NEWSWIRE ) -- OneWater Marine Inc. ( NASDAQ : ONEW ) ( " OneWater " or the " Company " ) today announced results for its fiscal first quarter ended December 31 , 2020 . " The OneWater team delivered outstanding results in the fiscal first quarter , in what is seasonally the lowest sales quarter of our fiscal year , which highlights the agility of our sales and marketing team and the power of our digital platform . Our VIP and other in - house marketing events were well attended and highly successful , absent select organized boat shows , increasing sales nearly 40 % year - over - year as boaters secured new boats in preparation for the upcoming boating season . With tight inventory across the industry , we worked to ensure customers had access to our nationwide inventory to select the boat they desired , " commented Austin Singleton , Chief Executive Officer at OneWater . " We've had an eventful start to fiscal 2021 including closing on three of the largest acquisitions in OneWater history . These acquisitions historically generated in excess of $ 125 million in revenue on an annual basis and we are 1