OneWater Marine Inc (ONEW) News & EventsONEWNews & EventsOneWater Marine Inc

OneWater Q2 Revenue $442M, Below Consensus

Reports Q2 revenue $442M, consensus $478.56M. "Our second quarter was highlighted by continued improvement in boat margins and a significant reduction in leverage," said Austin Singleton, Executive Chairman of OneWater. "Margin expansion reflects the benefits of a more focused portfolio and the deliberate actions taken to reduce complexity, optimize inventory, and manage costs. In addition, proceeds from the sale of Ocean Bio-Chem and operating cash flows enabled a meaningful reduction in debt, further strengthening our balance sheet and maintaining progress toward our leverage target. As a result, we are well positioned for a market recovery, with greater focus and an improved ability to accelerate growth and drive higher profitability."

OneWater Expects FY 2026 Total Revenue Between $1.78 Billion and $1.88 Billion

For fiscal full-year 2026, OneWater anticipates the industry to be flat to down low single digits year over year based on recent industry trends. When factoring in the lost revenue from exited brands and the divestiture of OBCI, the Company expects dealership same-store sales to be flat year over year and total revenue to be in the range of $1.78 billion to $1.88 billion. Adjusted EBITDA is expected to be in the range of $60 million to $80 million

OneWater Cuts FY26 Revenue Outlook to $1.78B-$1.88B

Consensus 57c. Cuts FY26 revenue view to $1.78B-$1.88B from $1.83B-$1.93B, consensus $1.88B. Cuts FY26 adjusted EBITDA view to $60M-$80M from $65M-$85M. The company said, "The Company is updating its previously issued fiscal full year 2026 outlook to reflect the impact of the transaction. For fiscal full-year 2026, OneWater anticipates the industry to be flat to down low single digits year over year based on recent industry trends. When factoring in the lost revenue from exited brands, the Company expects dealership same-store sales to be flat year over year and total revenue to be in the range of $1.78 billion to $1.88 billion. Adjusted EBITDA is expected to be in the range of $60 million to $80 million and adjusted diluted earnings per share is expected to be in the range of $0.20 to $0.70."