earnings
confidence high
sentiment positive
materiality 0.65
OneWater Marine Q1 revenue up 1.3% to $380.6M; net loss narrows; maintains FY guidance
OneWater Marine Inc.
- Revenue $380.6M (+1.3% YoY); same-store sales flat; new boat revenue down 5.9%, pre-owned up 24%.
- GAAP net loss $7.7M ($0.47 per diluted share); adjusted diluted loss per share $0.04.
- Adjusted EBITDA $3.6M (+88.9% vs $1.9M); gross margin 23.5%, up 110 bps.
- Assets held for sale $52.8M from Distribution segment divestiture; expects close by March 31, 2026, proceeds for debt reduction.
- FY2026 guidance reaffirmed: revenue $1.83B-$1.93B; Adj. EBITDA $65M-$85M; adj. diluted EPS $0.25-$0.75.