OneWater Marine is transitioning from frequent acquisitions to focusing on reducing debt and slowly enhancing its product mix with higher-priced boats. In Q1, new boat sales dropped 12%, but increased sales of premium yachts and better margins on used boats raised the gross margin to 23.8%, the highest in two years. The company also sold Ocean Bio-Chem for $50 million and managed free cash flow carefully, lowering its net long-term debt to EBITDA ratio to about 4.1x, below its target of 4.5x. Trading near fair value at 8.4x adjusted EBITDA, OneWater is expected to perform modestly well as it continues deleveraging and premiumizing, though no immediate catalysts are anticipated.
A U.S. jury ruled in favor of Boeing, rejecting LOT Polish Airlines' claim that Boeing hid safety details about the 737 MAX's MCAS system linked to fatal crashes. LOT sought $153 million in damages for losses caused by the aircraft's grounding after ...
The World Health Organization's Africa regional director has warned that the Ebola outbreak in the Democratic Republic of Congo poses a serious risk of spreading to neighboring countries, with confirmed cases already reported in Uganda. The outbreak ...
Rivian is accelerating its R2 mass-market vehicle production, targeting two production shifts by the end of 2026 to increase volumes and improve gross margins through cost reductions. Its software and services revenue jumped nearly 49% year-over-year...
Brazilian authorities raided an illegal Bitcoin mining operation in São Paulo on May 20, confiscating about 1,400 mining rigs that were stealing electricity equivalent to powering 2,000 homes for a month. The operation used large transformers to siph...
XRP is trading near $1.33, struggling within a broader downtrend and testing critical support around $1.31. Technical indicators like the RSI suggest oversold conditions, raising the possibility of a short-term rebound, but the token remains below it...
