OneWater Marine Q1 Earnings Beat Expectations

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: Jan 29 2026

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ONEW+3.98%

Should l Buy ONEW?

Source: seekingalpha

Earnings Performance: OneWater Marine reported a Q1 non-GAAP EPS of -$0.04, beating expectations by $0.53, indicating an improvement in profitability despite ongoing challenges.
Revenue Growth: The company achieved Q1 revenue of $380.6 million, reflecting a 1.2% year-over-year increase and surpassing market expectations by $570,000, demonstrating stability in sales performance.
Gross Margin Improvement: With a gross profit margin of 23.5%, the company showcases the positive impact of its portfolio optimization efforts, enhancing overall profitability.
2026 Outlook: OneWater Marine anticipates total revenue between $1.83 billion and $1.93 billion for 2026, with adjusted EBITDA expected to range from $65 million to $85 million, reflecting cautious optimism for future growth.

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About ONEW

OneWater Marine Inc. is a premium marine retailer in the United States. The Company operates a total of approximately 98 retail locations, nine distribution centers/warehouses and multiple online marketplaces in 19 different states. The Company's segments include Dealerships and Distribution. The Dealership segment is engaged in the sale of new and pre-owned boats (saltwater fishing boats, pontoon, runabout, wake/ski boats and yachts), arranges financing and insurance products, performs repairs and maintenance services, offers marine related parts and accessories and offers slip and storage accommodations in certain locations. The Distribution segment is engaged in the manufacturing, assembly and distribution primarily of marine-related products to distributors, big box retailers and online retailers through a network of warehouses and distribution centers. It offers a range of branded parts and accessories including jack plates, rigging parts, plumbing components and LED lighting.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

OneWater Marine Completes Sale of Ocean Bio-Chem Holdings

5 days agoNASDAQ.COM

Strategic Optimization: OneWater Marine has completed the sale of Ocean Bio-Chem Holdings as part of its strategy to optimize its portfolio and focus on core businesses, generating $50 million in proceeds intended for debt repayment, which is expected to save approximately $3.5 million in annual interest expenses.
Adjusted Financial Outlook: The company has lowered its fiscal 2026 revenue forecast to between $1.78 billion and $1.88 billion, down from the previous range of $1.83 billion to $1.93 billion, reflecting the revenue loss from exited brands.
Earnings Per Share Revision: Adjusted earnings per share are now expected to be between $0.20 and $0.70, a decrease from the prior forecast of $0.25 to $0.75, indicating pressure on profitability following the divestiture.
Positive Market Reaction: Despite the downward revision in financial outlook, OneWater Marine's shares rose over 1% in pre-market trading, reflecting investor confidence in the company's strategic adjustments, closing at $13.51 on Monday with a gain of 1.73%.

OneWater Updates Fiscal Year 2026 Guidance Following OBCI Sale

5 days agoNewsfilter

Transaction Completion: OneWater Marine Inc. has completed the sale of Ocean Bio-Chem Holdings, Inc. as part of its portfolio optimization strategy, expecting to generate $50 million in proceeds to reduce debt and enhance financial flexibility.
Financial Impact: This transaction is projected to lower OneWater's net leverage ratio below 4.0x by fiscal year-end, with anticipated annual interest expense savings of approximately $3.5 million, thereby strengthening cash flow.
Fiscal Year 2026 Outlook: OneWater has updated its fiscal year 2026 guidance, forecasting total revenue between $1.78 billion and $1.88 billion, while same-store sales are expected to remain flat due to the impact of exited brands, reflecting a challenging industry environment.
Focus on Core Assets: The company will continue to concentrate on core assets, with adjusted EBITDA expected to range from $60 million to $80 million, demonstrating its strategic adaptability amid market uncertainties.

OneWater Marine Inc. Reports Q1 2026 Earnings with Modest Growth

Jan 29 2026seekingalpha

Revenue Growth: OneWater Marine reported Q1 revenue of $381 million, a 1% increase year-over-year, despite a 6% decline in new boat sales, while pre-owned boat sales surged by 24%, indicating resilient market demand.
Margin Improvement: The first quarter gross profit reached $89 million, with a gross margin of 23.5%, up 110 basis points from the prior year, reflecting the company's success in brand rationalization and product mix optimization.
Strategic Asset Divestiture: The company announced plans to sell certain non-core distribution assets to strengthen its balance sheet and sharpen its long-term focus, with expectations to reduce leverage to below 4x by year-end.
Outlook: Management maintains its fiscal 2026 sales guidance in the range of $1.83 billion to $1.93 billion, acknowledging pressures on same-store sales from brand rationalization while viewing the overall market environment as flat to slightly down.