---
schema_version: "secwatch.filing_event.v1"
accession: "0001772921-23-000034"
form_type: "8-K"
ticker: "ONEW"
cik: "0001772921"
company_name: "OneWater Marine Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:00:10.626723+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OneWater Marine Q3 net income halved to $33.3M; lowers FY2023 Adjusted EBITDA guidance

## Summary
- Revenue $594.3M (+4.5% YoY), but net income fell to $33.3M from $64.5M; diluted EPS $1.95 vs $3.86.
- Gross profit margin dropped 550 bps to 26.8% due to accelerated pricing normalization; service/parts/other revenue grew 23% to $92.2M.
- Adjusted EBITDA of $59.8M, down 37% from $95.1M; existing boat inventory surged to $572.9M vs $269.4M a year earlier.
- FY2023 guidance: same-store sales flat, Adjusted EBITDA $160-170M (down from prior? not disclosed but implied lower) and diluted EPS $4.45-4.70.
- CEO cites 'deteriorating selling environment' and faster-than-expected industry normalization pressuring margins.

## SEC filing metadata
- accession: 0001772921-23-000034
- form_type: 8-K
- ticker: ONEW
- cik: 0001772921
- company_name: OneWater Marine Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000034/0001772921-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000034/onew-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001772921-23-000034
- JSON: https://secwatch.observer/filing/0001772921-23-000034.json
- Plain text: https://secwatch.observer/filing/0001772921-23-000034.txt

## Key facts
- Earnings Releases
  OneWater Marine Inc. reported quarter ended June 30, 2023 results: revenue $594,339, net income $33,300, EPS $1.95.
  - Period: quarter ended June 30, 2023
  - Revenue: $594,339
  - Net income: $33,300
  - EPS: $1.95
  - Result: reported results
  source text: (5,241) (1.4) % Pre-owned boat 111,469 98,181 13,288 13.5 % Finance & insurance income 19,028 18,979 49 0.3 % Service, parts & other 92,197 74,854 17,343 23.2 % Total revenues $ 594,339 $ 568,900 $ 25,439 4.5 % Fiscal Third Quarter 2023 Results Revenue for fiscal third quarter 2023 was $594.3 million, an increase of 4.5% compared to $568.9 million in fiscal third
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000034/0001772921-23-000034-index.htm
- Earnings Releases
  OneWater Marine Inc. reported quarter ended June 30, 2022 results: revenue $568,900, net income $64,500, EPS $3.86.
  - Period: quarter ended June 30, 2022
  - Revenue: $568,900
  - Net income: $64,500
  - EPS: $3.86
  - Result: reported results
  source text: % Pre-owned boat 111,469 98,181 13,288 13.5 % Finance & insurance income 19,028 18,979 49 0.3 % Service, parts & other 92,197 74,854 17,343 23.2 % Total revenues $ 594,339 $ 568,900 $ 25,439 4.5 % Fiscal Third Quarter 2023 Results Revenue for fiscal third quarter 2023 was $594.3 million, an increase of 4.5% compared to $568.9 million in fiscal third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000034/0001772921-23-000034-index.htm

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