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ONEW News
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OneWater Marine Enters Strategic Partnership with OceanWorld
OneWater Marine announced that it has entered into a definitive agreement with OceanWorld to establish a strategic partnership for its Denison Yachting subsidiary. Following the close of the transaction, OceanWorld will acquire a majority ownership interest in Denison Yachting. "Denison has built an exceptional reputation in yacht brokerage, charter, yacht management, and related services, and we believe OceanWorld's international reach, relationships, and resources will help accelerate the growth of the platform worldwide," said Austin Singleton, Executive Chairman of OneWater. "OceanWorld is the right partner to support Denison's growth while preserving the entrepreneurial culture and customer-focused approach that have made the business successful."
OneWater Marine Board Member Jeffrey Lamkin Resigns
OneWater Marine announced that Jeffrey Lamkin has resigned from the Company's Board of Directors, effective as of the close of business on September 3, 2026, in order to focus on other professional interests. Lamkin's departure was not due to any disagreement with the operations, policies or practices of the Company. Following the resignation, the Company's Board of Directors will consist of eight directors.
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 Marine Completes Sale of Ocean Bio-Chem Holdings
OneWater Marine announced that it has completed the sale of Ocean Bio-Chem Holdings. Proceeds from the transaction will be used to reduce debt and further strengthen the balance sheet.
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