OneWater Marine (NASDAQ:ONEW) Releases Quarterly Earnings Results, Misses Estimates By $0.43 EPS

OneWater Marine (NASDAQ:ONEW) announced its quarterly earnings data on Thursday. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.43), FiscalAI reports. The business had revenue of $442.29 million for the quarter, compared to the consensus estimate of $477.30 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. OneWater Marine updated its FY 2026 guidance to 0.200-0.700 EPS.

Here are the key takeaways from OneWater Marine’s conference call:

• Revenue was $442 million, down 9% YoY with same-store sales down 8%, primarily due to the shifted timing of the Palm Beach Boat Show (management estimates about $16–17M of sales moved) and the sale/exiting of Ocean Bio-Chem and other non-core brands.
• Gross margin expanded to 23.9% (up 110 basis points) driven by favorable mix, brand portfolio optimization and disciplined pricing, while pre-owned boat revenue increased ~5%.
• Inventory positioning improved: dealership inventory is down ~3% YoY and 19% vs. two years ago with a healthier age/mix, and management says they are positioned to capture demand if market noise subsides, monitoring orders over the next ~90 days.
• Balance sheet progress: management repaid about $57M of debt in the quarter, ending with long-term debt of $354M, cash of $68M (total liquidity ~$73M), and net debt/EBITDA improved to 4.1x with a target to get below 4x by year-end.
• Profitability and outlook: the quarter produced a net loss of $13M (including a $6M non-cash trade name impairment) and adjusted EBITDA of $16M, though management reaffirmed FY guidance of $1.78–1.88B revenue and $60–80M adjusted EBITDA.

OneWater Marine Stock Performance

ONEW traded up $0.43 during trading hours on Friday, hitting $9.82. The company’s stock had a trading volume of 210,113 shares, compared to its average volume of 158,985. The company has a 50-day simple moving average of $10.09 and a 200 day simple moving average of $12.01. The company has a current ratio of 1.13, a quick ratio of 0.26 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $163.11 million, a PE ratio of -1.46 and a beta of 1.69. OneWater Marine has a fifty-two week low of $8.12 and a fifty-two week high of $17.92.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird set a $13.00 price target on OneWater Marine in a research report on Friday. KeyCorp lowered their price objective on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday. Truist Financial dropped their target price on OneWater Marine from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a research note on Tuesday, April 21st. Finally, Zacks Research raised shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Key Headlines Impacting OneWater Marine

Here are the key news stories impacting OneWater Marine this week:

• Positive Sentiment: Management set FY2026 adjusted EPS guidance of $0.20–$0.70 and said it is targeting net leverage below 4x by year-end — a clear focus on returning to profitability and improving the balance sheet that can reassure investors. Onewater outlines FY2026 adjusted EPS of $0.20-$0.70 while targeting leverage below 4x by year-end
• Neutral Sentiment: The company reiterated revenue guidance of roughly $1.8B–$1.9B for FY2026, which is in line with consensus and suggests stable top-line expectations even as margins remain under pressure. OneWater Marine Inc. Q2 2026 Earnings Call Summary
• Negative Sentiment: Q2 results disappointed: an EPS loss of ($0.34) vs. consensus $0.09 and revenue of $442.3M vs. est. $477.3M. The miss and negative net margin underscore near-term operational pressures. OneWater Marine (ONEW) Reports Q2 Loss, Misses Revenue Estimates
• Negative Sentiment: Analyst/market coverage highlights the earnings miss and lower near-term visibility, which could pressure sentiment if management’s execution on margin recovery and deleveraging slips. OneWater (NASDAQ:ONEW) misses Q1 CY2026 revenue estimates, stock drops

Insider Activity

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton purchased 18,008 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $12.52 per share, with a total value of $225,460.16. Following the completion of the purchase, the chairman owned 779,776 shares in the company, valued at $9,762,795.52. This trade represents a 2.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.50% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after buying an additional 1,395 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of OneWater Marine during the fourth quarter valued at approximately $82,000. JPMorgan Chase & Co. raised its holdings in OneWater Marine by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after purchasing an additional 2,710 shares in the last quarter. Man Group plc bought a new stake in OneWater Marine during the fourth quarter worth approximately $139,000. Finally, Wells Fargo & Company MN lifted its position in OneWater Marine by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,973 shares of the company’s stock worth $140,000 after purchasing an additional 3,701 shares during the period. Institutional investors own 94.32% of the company’s stock.

About OneWater Marine

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.