---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-004012"
form_type: "8-K"
ticker: "ONEW"
cik: "0001772921"
company_name: "OneWater Marine Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:35:39.175734+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OneWater Marine Q1 net income $11.4M ($0.61 EPS) down 51% YoY; lowers FY guidance

## Summary
- Revenue $366.7M (+9% YoY record Q1); service/parts/other up 86% to $70M.
- Net income $11.4M ($0.61 diluted EPS) vs $23.5M ($1.45) prior year; Adjusted EBITDA $27.9M down 32%.
- Same-store sales declined 14% as seasonality returns; inventory $527M vs $248M year ago.
- Lowered FY2023 outlook: same-store sales flat to up mid-single digits; Adj. EBITDA $200-225M; EPS $7.50-8.00.
- Completed two strategic dealership acquisitions; total liquidity >$100M; long-term debt $463.9M.

## SEC filing metadata
- accession: 0001140361-23-004012
- form_type: 8-K
- ticker: ONEW
- cik: 0001772921
- company_name: OneWater Marine Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772921/000114036123004012/0001140361-23-004012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772921/000114036123004012/brhc10047385_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-004012
- JSON: https://secwatch.observer/filing/0001140361-23-004012.json
- Plain text: https://secwatch.observer/filing/0001140361-23-004012.txt

## Key facts
- Earnings Releases
  OneWater Marine Inc. reported fiscal first quarter 2023 results: revenue $367 million, net income $11 million, EPS $0.61 per diluted share. Guidance lowered.
  - Period: fiscal first quarter 2023
  - Revenue: $367 million
  - Net income: $11 million
  - EPS: $0.61 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Fiscal First Quarter 2023 Highlights • Revenue increased 9% to $367 million, a new fiscal first quarter record • Service, parts & other revenue surged 86% to $70 million • Same-store sales decreased 14% as seasonality returns • Gross profit margin of 30%, remains strong as expected • Net income was $11 million in the quarter or $0.61 per diluted share • Adjusted EBITDA 1 of $28 million • Completed two strategic dealership acquisitions
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772921/000114036123004012/0001140361-23-004012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.