OneWater Marine Inc. (NASDAQ:ONEW) Q1 2023 Earnings Call Transcript

Austin Singleton : Yes, I’d say, availability has gotten a little bit better. I think you see that a little bit in our results where pre-owned was up. And I think the market continues to be strong for pre-owned. Anthony, if you have a different sense.

Anthony Aisquith : Yes, I mean, it’s something that we continually go after. I mean, it’s — there’s a great market and we continue to grow the business in that direction where we have, we’re employing buyers and that’s all they do is trying to source boats and things like that. So it’s a — there’s a tremendous amount of upside that we continue to go after and focus on, and there hasn’t been any slowing of it whatsoever.

Griffin Ryan : Okay, great. And then can you just talk about to mention and just seeing in the value segments compared to the premium segment right now?

Anthony Aisquith : Well, I think that as we’ve been talking about the seasonality portion of it, where the value segment over the last two years, it didn’t matter whatnot people were buying. And I think we’re going back to more of a seasonal type thing. That’s why we’re seeing the build in our most type boats. But the recent Atlanta Boat Show few weeks ago, the value both versus were selling as good as it did in the past. So I think it’s our businesses just turning more back to seasonality.

Austin Singleton : Yes, that value customer tends to be the person who comes in on a Wednesday and they want to be in their new boat by the weekend, and a hook and roll almost, and so those are the people who — it was pretty abnormal for those people to be customers in the December and March quarters versus coming in April 1 looking to get out of the water on the first sunny day.

Griffin Ryan : Okay, great. Thanks, guys.

Operator: Thank you. And I’m showing no further questions. So this is going to conclude today’s question-and-answer session. Ladies and gentlemen, this is also going to conclude today’s conference call. Thank you for participating. You may now disconnect. Everyone, have a great day.