OneWater Marine sells Ocean Bio-Chem for $50M, updates FY 2026 guidance

OneWater Marine Inc.

Completed sale of Ocean Bio-Chem Holdings for $50M; proceeds to reduce debt, target net leverage below 4.0x by FY end.
Annual interest expense savings of ~$3.5M from debt prepayment.
Updated FY 2026 guidance: total revenue $1.78B-$1.88B; adj. EBITDA $60M-$80M; adj. diluted EPS $0.20-$0.70.
Deal part of portfolio optimization; OBCI manufactures specialty chemicals under Star brite, Star Tron, etc.
Industry expected flat to down low single digits YoY; dealership same-store sales flat.

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