OneWater Marine (NASDAQ:ONEW) Posts Earnings Results

OneWater Marine (NASDAQ:ONEW) announced its earnings results on Thursday. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02), FiscalAI reports. OneWater Marine had a positive return on equity of 2.22% and a negative net margin of 6.72%.The business had revenue of $530.71 million for the quarter, compared to the consensus estimate of $553.73 million. OneWater Marine updated its FY 2026 guidance to 0.350-0.550 EPS.

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

• Margin and profitability improved: Third-quarter gross margin expanded 70 basis points to 24%, while adjusted EBITDA rose to $38 million from $33 million despite a 4% revenue decline. Management attributed the gains to favorable product mix, pricing discipline, cost reductions, and strategic brand exits.
• Balance sheet strengthened ahead of schedule: Adjusted net leverage improved to 3.7x from 5.8x a year ago, reaching the company’s under-4x year-end target early. OneWater said it is exploring debt refinancing options.
• Retail market remains challenging: Management now expects the marine industry to decline by high single digits year over year, with dealership same-store sales projected to fall by low to mid-single digits. Fiscal-year guidance was narrowed to revenue of $1.75 billion-$1.8 billion, adjusted EBITDA of $68 million-$78 million, and adjusted EPS of $0.35-$0.55.
• Inventory and premium demand are holding up: New-boat revenue declined 2% and pre-owned revenue fell 4%, but higher average selling prices, disciplined inventory management, and stable customer engagement—particularly in premium brands—helped protect margins. July trends were described as flattish to slightly positive, though management said a broad market recovery has not yet arrived.

OneWater Marine Price Performance

NASDAQ:ONEW traded down $0.15 during mid-day trading on Friday, reaching $12.25. The stock had a trading volume of 126,991 shares, compared to its average volume of 95,757. OneWater Marine has a 12 month low of $8.12 and a 12 month high of $17.92. The stock has a market capitalization of $203.60 million, a PE ratio of -1.64 and a beta of 1.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a 50-day simple moving average of $11.55 and a two-hundred day simple moving average of $11.35.

OneWater Marine News Summary

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

• Positive Sentiment: Management outlined FY2026 revenue of approximately $1.75 billion to $1.8 billion and said it is targeting leverage below 4x, which could ease balance-sheet concerns if achieved. OneWater outlines FY2026 revenue and leverage targets
• Neutral Sentiment: OneWater maintained FY2026 revenue guidance near $1.8 billion, broadly consistent with analyst expectations. Its EPS forecast of $0.35 to $0.55 has a midpoint of $0.45, compared with consensus of $0.51, limiting the positive impact of the revenue outlook. OneWater Marine FY2026 guidance
• Negative Sentiment: Fiscal third-quarter adjusted earnings were $0.73 per share, below the $0.75 analyst consensus and down from $0.79 a year earlier. Revenue of $530.71 million also missed expectations of $553.73 million, signaling weaker-than-anticipated demand or sales execution. OneWater Marine fiscal third-quarter earnings snapshot
• Negative Sentiment: The company reported a negative net margin of roughly 6.7%, while its relatively high leverage and weak liquidity metrics add risk as the recreational marine market remains challenging. The earnings and revenue shortfalls, combined with below-consensus EPS guidance, are the main reasons investors are reacting negatively. OneWater Marine misses third-quarter estimates

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. KeyCorp lowered their price objective on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Robert W. Baird set a $13.00 target price on OneWater Marine in a research report on Friday, May 1st. Truist Financial reduced their target price on OneWater Marine from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Weiss Ratings cut OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.33.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton bought 21,930 shares of OneWater Marine stock in a transaction on Tuesday, May 5th. The shares were purchased at an average price of $10.88 per share, with a total value of $238,598.40. Following the acquisition, the chairman owned 801,816 shares in the company, valued at $8,723,758.08. This trade represents a 2.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Troiano sold 27,844 shares of OneWater Marine stock in a transaction on Friday, May 8th. The shares were sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the transaction, the director owned 41,438 shares in the company, valued at approximately $500,156.66. The trade was a 40.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ONEW. BNP Paribas Financial Markets lifted its holdings in shares of OneWater Marine by 94.4% in the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after acquiring an additional 1,395 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in OneWater Marine during the 4th quarter worth approximately $82,000. JPMorgan Chase & Co. increased its position in OneWater Marine by 50.0% during the 3rd 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 position in OneWater Marine in the 4th quarter valued at approximately $139,000. Finally, Wells Fargo & Company MN lifted its stake in OneWater Marine by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 12,973 shares of the company’s stock valued at $140,000 after purchasing an additional 3,701 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Company Profile

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.