earnings
confidence high
sentiment positive
materiality 0.75
OneWater Marine Q3 net income rises to $11.7M; margin expands, leverage drops to 3.7x
OneWater Marine Inc.
- Revenue $530.7M (-4% YoY); same-store sales -2%; gross margin 24.0% (+70 bps).
- GAAP net income $11.7M ($0.69 diluted EPS); adjusted EPS $0.73.
- Adjusted EBITDA $37.8M (+15% YoY); net debt leverage improved to 3.7x from 5.8x.
- FY 2026 guidance: total revenue $1.75-1.80B; adjusted EBITDA $68-78M; adjusted EPS $0.35-0.55.
- Achieved fiscal 2026 leverage target of <4.0x net debt/EBITDA ahead of schedule.