earnings
confidence high
sentiment negative
materiality 0.65
OneWater Marine Q2 revenue down 1%; adjusted EPS $0.13 vs $0.67; FY outlook trimmed
OneWater Marine Inc.
- Revenue $483.5M (-1% YoY); same-store sales -2%; GAAP net loss $0.4M (-$0.02 per share).
- Adjusted diluted EPS $0.13, down from $0.67; Adjusted EBITDA $17.9M vs $28.3M a year ago.
- Gross margin 22.8%, down 180 bps, driven by exiting select brands and new boat mix.
- Pre-owned boat revenue +14.1% ($89.7M); new boat revenue -5.4% ($309.5M); inventory -12.4% YoY.
- FY2025 guidance: revenue $1.7-$1.8B, same-store sales flat to down low-single, adj. EBITDA $65-$95M.