earnings
confidence high
sentiment negative
materiality 0.75
OneWater Marine Q3 revenue up 2% to $553M; net income falls, guides FY EBITDA $65-80M
OneWater Marine Inc.
- Revenue $552.9M (+1.9% YoY); same-store sales +2%; new boat -2.1%, pre-owned +17.8%.
- GAAP net income $10.7M ($0.65 EPS) vs $16.7M ($0.99); adjusted EPS $0.79 vs $1.05.
- Gross margin 23.3% down 110 bps; management cites promotional activity and strategic brand exits.
- Adjusted EBITDA $32.8M vs $39.2M in Q3 2024.
- FY2025 guidance: rev $1.80-1.85B, adj EBITDA $65-80M, adj EPS $0.50-$0.75.
item 2.02item 9.01