Earnings ·
OneWater Marine Inc. reported fiscal third quarter operating and financial results for the period ended June 30, 2026
ONEWOneWater Marine Inc.
OneWater Marine Inc. reported fiscal third quarter operating and financial results for the period ended June 30, 2026. Revenue decreased 4% to $531 million, driven by the divestiture of Ocean Bio-Chem and lower unit volumes in new boats. Same-store sales declined 2%, while gross profit margin expanded 70 basis points to 24.0%. The company reported GAAP net income of $12 million ($0.69 per diluted share) and adjusted EBITDA increased 15% to $38 million. Adjusted net debt leverage improved significantly to 3.7x from 5.8x, allowing OneWater to achieve its fiscal 2026 target ahead of schedule. The company updated its full-year guidance, anticipating total revenue between $1.75 billion and $1.80 billion and adjusted diluted EPS between $0.35 and $0.55. OneWater Marine Inc. operates as a premium marine retailer selling new and pre-owned boats, finance products, and services across the United States.