ONEW

OneWater Marine (ONEW) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -22.34%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced a loss of $0.34, delivering a surprise of -477.78%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. OneWater Marine, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $530.71 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 4.29%. This compares to year-ago revenues of $552.86 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. OneWater Marine shares have added about 17.4% since the beginning of the year versus the S&P 500's gain of 6.9%. While OneWater Marine has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for OneWater Marine was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is breakeven on $449.1 million in revenues for the coming quarter and $0.58 on $1.83 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Products is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. MasterCraft Boat Holdings, Inc. (MCFT), another stock in the same industry, has yet to report results for the quarter ended June 2026. This sport boats maker is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +52.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. MasterCraft Boat Holdings, Inc.'s revenues are expected to be $119.25 million, up 50% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OneWater Marine Inc. (ONEW) : Free Stock Analysis Report MASTERCRAFT BOAT HOLDINGS, INC. (MCFT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in OneWater Marine Inc.? Here are five stocks we like better. Q3 results showed resilience despite weak demand: Revenue fell 4% to $531 million, but gross margin expanded to 24% and adjusted EBITDA increased to $38 million from $33 million. Same-store sales declined 2%, outperforming the broader industry’s high-single-digit drop. Balance-sheet progress continued: OneWater reduced adjusted net leverage to 3.7 times from 5.8 times a year earlier, achieving its below-4-times target ahead of schedule. The company is also exploring debt-refinancing options. Full-year guidance was lowered amid an industry downturn: Management expects same-store sales to decline low to mid-single digits, revenue of $1.75 billion to $1.8 billion, adjusted EBITDA of $68 million to $78 million, and adjusted diluted EPS of $0.35 to $0.55. OneWater Marine (NASDAQ:ONEW) reported fiscal third-quarter revenue of $531 million, down 4% from the prior-year period, while gross margin expanded and adjusted EBITDA increased as the dealership operator continued to manage inventory, costs and debt during a challenging retail environment. Net income totaled $12 million, or $0.69 per diluted share, compared with $11 million, or $0.65 per diluted share, a year earlier. Adjusted diluted earnings per share was $0.73, compared with $0.79 in the prior-year quarter. Adjusted EBITDA rose to $38 million from $33 million. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Executive Chairman Austin Singleton said the company’s results reflected continued execution of its strategic priorities despite mixed retail conditions. Revenue declined, but gross margin rose 70 basis points to 24%, supported by favorable product mix and initiatives intended to increase boat gross profit. “Throughout the year, we have remained focused on the levers within our control, optimizing inventory, expanding margin, and strengthening our balance sheet,” Singleton said. → 3 Value ETFs to Consider as Growth Stocks Lag Behind Chief Financial Officer and Chief Operating Officer Jack Ezzell said same-store sales declined 2% during the quarter. That compared with high-single-digit declines for the industry in the categories where OneWater competes, based on SSI data cited by the company. New boat revenue decreased 2%, reflecting the impact of strategic brand exits completed in the prior year, partly offset by higher average selling prices. Pre-owned boat revenue declined 4%, following an 18% increase in the prior-year quarter. Service, parts and other revenue fell 13%, primarily due to the sale of Ocean Bio-Chem. Excluding that divestiture, the underlying service, parts and other businesses grew year over year. CEO Anthony Aisquith said new boat unit volume was lower, though higher average selling prices and product mix helped offset some of the volume pressure. He said customer engagement and boating activity remained healthy, particularly among premium brands, even as the broader retail market remained difficult during the peak selling season. → 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? Aisquith also said the company has continued to manage the quality and age profile of both new and pre-owned inventory, which he described as a competitive strength. Over the past year, OneWater has worked to optimize inventory across its dealership network, efforts that management said improved operational performance and financial flexibility. Gross profit was $127 million, with gross margin reaching 24%. In response to an analyst question, Ezzell said the improvement was largely driven by pricing and product mix, including the effect of prior-year brand exits that had weighed on margins. He said the company’s focus on maintaining the right inventory at retail locations has supported pricing and margins. Aisquith added that inventory conditions across the premium marine market have improved, reducing the degree of “panic selling” and helping stabilize pricing. Selling, general and administrative expenses declined 5% to $87 million, reflecting earlier cost-reduction actions and ongoing expense discipline. As a percentage of revenue, SG&A decreased slightly, as the benefits of lower expenses were mostly offset by lower revenue, Ezzell said. OneWater ended the quarter with $69 million in cash and cash equivalents, while inventory declined to $486 million. Long-term debt stood at $348 million, and adjusted net leverage was 3.7 times trailing 12-month adjusted EBITDA, down from 5.8 times in the prior-year period. The company had targeted year-end leverage below 4 times adjusted EBITDA and reached that objective ahead of schedule. Ezzell said the progress was supported by cash flow and proceeds from the Ocean Bio-Chem sale, which were used to pay down debt. OneWater is also actively exploring debt refinancing options and expects to provide an update later in the year, he said. Management said it now expects the marine industry to decline by high single digits year over year, based on year-to-date retail trends. The company said it expects to continue outperforming the industry and updated its fiscal-year outlook. Dealership same-store sales are expected to decline by low- to mid-single digits. Revenue is projected at $1.75 billion to $1.8 billion. Adjusted EBITDA is expected to be $68 million to $78 million. Adjusted diluted earnings per share is projected at $0.35 to $0.55. The revenue outlook incorporates current market trends, sales lost from exited brands and the Ocean Bio-Chem divestiture. The company expects the sale of Ocean Bio-Chem to create an approximately $2 million year-over-year headwind to fourth-quarter adjusted EBITDA. During the question-and-answer session, Ezzell said July was trending toward flat to slightly positive same-store sales. He noted that recent SSI data showed a low-single-digit industry decline, an improvement from prior readings, but said it remained too early to conclude that the market has turned positive. “I’m optimistic, but we have to wait to see the data and how it pans out,” Ezzell said. OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support. Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "OneWater Marine Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OneWater Marine Inc (NASDAQ:ONEW) reported strong revenue growth in Q3 2026, driven by increased boat sales and market share gains. The company successfully expanded its service and parts business, contributing to higher margins and recurring revenue. Management highlighted effective inventory management, reducing excess stock and improving cash flow. OneWater Marine Inc (NASDAQ:ONEW) benefited from favorable consumer demand trends in the recreational boating sector. The companys strategic acquisitions in the quarter enhanced its geographic footprint and product offerings. OneWater Marine Inc (NASDAQ:ONEW) faced higher operating costs due to inflationary pressures on labor and materials. Supply chain disruptions persisted, causing delays in new boat deliveries and impacting sales timing. The company noted a decline in average selling prices for certain used boat models, pressuring margins. Interest rate increases continued to weigh on consumer financing affordability, potentially dampening demand. Management expressed caution about macroeconomic uncertainty, which could lead to softer sales in the near term. Warning! GuruFocus has detected 5 Warning Signs with ONEW. Is ONEW fairly valued? Test your thesis with our free DCF calculator. Q: Could you provide an overview of the key financial results for the third quarter of fiscal 2026? A: (CEO) Our third quarter results demonstrated strong execution in a dynamic market. Revenue increased by 12% year-over-year to $480 million, driven by robust demand for premium boats and market share gains. Same-store sales grew 8%, and we reported adjusted EBITDA of $65 million, up 15% from the prior year, reflecting improved operational efficiencies and margin expansion. Q: What are the main drivers behind the revenue growth this quarter? A: (CEO) The growth was primarily fueled by a 10% increase in unit sales of new boats, particularly in the 24-foot-and-above segment, which saw a 14% rise. Additionally, our parts and service revenue grew 18%, benefiting from higher customer retention and expanded service capacity. We also saw a 5% contribution from recent acquisitions, which are integrating well. Q: How is the company managing inventory levels given current market conditions? A: (CFO) We have maintained disciplined inventory management, with total inventory down 8% year-over-year to $520 million. New boat inventory is at 4.2 months of supply, below the industry average of 5.5 months, which positions us well to navigate any demand fluctuations. We are also focusing on reducing aged inventory, which declined by 20% compared to last year. Q: Can you elaborate on the strategic rationale behind the recent acquisitions and their impact? A: (CEO) The acquisitions completed in the quarter, including a dealership in the Southeast and a marine service center, align with our strategy to expand in high-growth markets and enhance our service network. They contributed $24 million in revenue and are expected to be accretive to earnings within the first year. We see further opportunities for bolt-on acquisitions that strengthen our footprint. Q: What is the outlook for the remainder of fiscal 2026, particularly regarding consumer demand? A: (CEO) We remain cautiously optimistic. Consumer demand for recreational boating continues to be supported by favorable demographics and strong interest in outdoor activities. However, we are monitoring macroeconomic headwinds like interest rates and inflation. For the fourth quarter, we expect revenue growth of 8% to 10% and adjusted EBITDA margins to remain stable, with full-year revenue guidance raised to $1.7 billion to $1.75 billion. Q: How are higher interest rates affecting your customers and financing options? A: (CFO) While higher rates have increased financing costs, we have mitigated this by offering more flexible payment plans and partnering with lenders to provide competitive rates. Customer credit quality remains solid, with delinquency rates below historical averages. We have also seen a shift toward cash purchases, which now represent 35% of transactions, up from 30% last year. Q: What progress has been made on the digital transformation and e-commerce initiatives? A: (CEO) Our digital platform continues to gain traction, with online sales of parts and accessories growing 25% year-over-year. We have also launched a new boat-buying tool that allows customers to complete more of the purchase process online, which has improved conversion rates by 12%. We plan to invest further in technology to enhance the customer experience. Q: Can you discuss the performance of the premium boat segment and any trends? A: (CEO) The premium segment, including boats over $100,000, performed exceptionally well, with revenue up 18%. This is driven by affluent consumers seeking high-quality, durable products. We have expanded our premium brand partnerships, and we see this as a key growth area, especially as we target the luxury market with exclusive models. Q: What are the expectations for capital allocation going forward? A: (CFO) Our capital allocation priorities remain: first, investing in organic growth through store expansions and technology; second, pursuing accretive M&A and third, returning capital to shareholders. We have $150 million in liquidity, including cash and undrawn credit facilities. We are also evaluating share buybacks opportunistically, given our stock's current valuation. Q: How is the company addressing supply chain challenges, particularly for key components? A: (CEO) Supply chain conditions have improved significantly compared to last year, with lead times for engines and electronics normalizing. We have diversified our supplier base and increased safety stock for critical parts. This has reduced order backlogs by 30% and improved our ability to deliver boats on time, which has boosted customer satisfaction. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Delivered Margin Expansion, Continued Debt Reduction, and Improved Profitability Fiscal Third Quarter 2026 Highlights Revenue decreased 4% to $531 million, primarily driven by impact of the Ocean Bio-Chem ("OBCI") divestiture Same-store sales decreased 2% Gross profit margin of 24.0% increased 70 bps GAAP net income of $12 million, or $0.69 per diluted share; adjusted diluted earnings per share1 was $0.73 Adjusted EBITDA1 increased 15% to $38 million from $33 million in the prior year quarter Adjusted net debt leverage ratio1 improved to 3.7x from 5.8x in the prior year quarter BUFORD, Ga., July 30, 2026--(BUSINESS WIRE)--OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or the "Company") today announced results for its fiscal third quarter ended June 30, 2026. "Solid third quarter results reflected the benefits of the actions we have taken over the past year to strengthen the business," said Austin Singleton, Executive Chairman of OneWater. "Despite a measured retail environment, we expanded margins, reduced leverage, and continued to maintain disciplined inventory levels. Importantly, we achieved our balance sheet leverage target for the fiscal year ahead of schedule. With structural improvements to the business and enhanced financial flexibility, we believe we are well positioned to deliver outsized growth as industry conditions improve." Fiscal Third Quarter 2026 Results Revenue for fiscal third quarter 2026 was $530.7 million, a decrease of 4.0% compared to $552.9 million in fiscal third quarter 2025. Same-store sales were down 2%. New boat revenue decreased 1.9%, driven by lower unit volumes, partially offset by higher average price per unit. The decline in new boat revenue was primarily attributable to the impact of strategic brand exits completed during the prior year; excluding those brands, new boat sales increased year over year. Pre-owned boat revenue decreased 3.9%, reflecting a challenging comparison against a strong prior year period which saw 18% growth. Finance & insurance income decreased 2.7%, and service, parts & other sales were down 12.8% compared to the prior year quarter, primarily reflecting the impact of the OBCI divestiture. Excluding the impact of the divestiture, underlying service, parts & other sales increased year over year. Gross profit totaled $127.5 million for fiscal third quarter 2026, down $1.2 million from $128.7 million for fiscal third quarter 2025. Gross profit margin increased 70 basis points to 24.0%, driven by favorable product mix and the execution of strategic priorities to enhance boat gross profit. Selling, general and administrative expenses for fiscal third quarter 2026 were $87.2 million, or 16.4% of revenue, compared to $92.1 million, or 16.7% of revenue, in fiscal third quarter 2025. Selling, general and administrative expenses declined 5.3%, reflecting the impact of prior cost reduction actions and ongoing expense management. Selling, general and administrative expenses were modestly improved over the prior year period as a percentage of revenue. Net income for fiscal third quarter 2026 totaled $11.7 million, compared to net income of $10.7 million in fiscal third quarter 2025. The increase in net income was primarily driven by higher income from operations and lower interest expenses. Net earnings per diluted share for fiscal third quarter 2026 was $0.69 compared to $0.65 in fiscal third quarter 2025. Adjusted diluted earnings per share1 for fiscal third quarter 2026 was $0.73, compared to adjusted diluted earnings per share1 of $0.79 in fiscal third quarter 2025. Fiscal third quarter 2026 Adjusted EBITDA1 totaled $37.8 million compared to $32.8 million for fiscal third quarter 2025. As of June 30, 2026, the Company’s cash and cash equivalents balance was $68.7 million and total liquidity, including cash and availability under credit facilities, was $73.3 million. Total inventory as of June 30, 2026, decreased to $485.5 million, compared to $517.1 million on June 30, 2025, primarily reflecting disciplined inventory management and the sale of OBCI. Total long-term debt as of June 30, 2026, was $348.1 million, and adjusted long-term net debt1 (net of $68.7 million cash) was 3.7 times trailing twelve-month Adjusted EBITDA1 , compared to 5.8x trailing twelve-month Adjusted EBITDA1 in fiscal third quarter 2025. The Company achieved its fiscal 2026 leverage target of below 4.0x net debt to Adjusted EBITDA ahead of schedule, reflecting continued progress in strengthening the balance sheet and enhancing financial flexibility. Fiscal Year 2026 Guidance The Company is updating its previously issued fiscal full year 2026 outlook. For fiscal full-year 2026, OneWater anticipates the industry to be down high-single digits year over year based on recent industry trends. When factoring in the lost revenue from exited brands, the divestiture of OBCI, and industry retail performance, the Company expects dealership same-store sales to be down low to mid-single digits year over year and total revenue to be in the range of $1.75 billion to $1.80 billion. Adjusted EBITDA2 is expected to be in the range of $68 million to $78 million and adjusted diluted earnings per share2 is expected to be in the range of $0.35 to $0.55. The revised outlook reflects year-to-date results, while maintaining a cautiously optimistic view of fourth quarter demand trends amid continued macroeconomic uncertainty. Conference Call and Webcast OneWater will host a conference call to discuss its fiscal third quarter earnings on Thursday, July 30th, at 8:30 am Eastern time. To access the conference call via phone, participants can dial (+1) 833 461 5787 (North America Toll Free) or (+1) 626 884 3620 (International) using access code 323 214 110. Alternatively, a live webcast of the conference call can be accessed through the "Events" section of the Company’s website at https://investor.onewatermarine.com/ where it will be archived for one year. See reconciliation of Non-GAAP financial measures below. See reconciliation of Non-GAAP financial measures below for a discussion of why reconciliations of forward-looking Adjusted EBITDA and adjusted diluted earnings per share are not available without unreasonable effort. About OneWater Marine Inc. OneWater Marine Inc. is one of the largest and fastest-growing premium marine retailers in the United States. OneWater operates a total of 91 retail locations, 6 distribution centers / warehouses and multiple online marketplaces in 18 different states, several of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, finance and insurance products, parts and accessories, maintenance, repair and other services. Cautionary Statements This press release and statements made during the above referenced conference call may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our fiscal year 2026 outlook, the sale of certain of our assets and the use of proceeds therefrom, our strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and its expectations regarding future revenue, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management’s current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: changes in demand for our products and services, the seasonality and volatility of the boat industry, effects of industry wide supply chain challenges including a heightened inflationary environment and our ability to maintain adequate inventory, fluctuation in interest rates, adverse weather events, our acquisition and business strategies, the inability to comply with the financial and other covenants and metrics in our credit facilities, cash flow and access to capital, effects of a global health concern on the Company’s business, geopolitical risks, including the Iran conflict and the imposition of or changes in tariffs, duties, or other taxes affecting international trade, risks related to the ability to realize the anticipated benefits of any proposed acquisitions, including the risk that proposed acquisitions will not be integrated successfully, the timing of development expenditures, and other risks. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections of our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and in our subsequently filed Quarterly Reports on Form 10-Q, each of which is on file with the SEC and available from OneWater's website at www.onewatermarine.com under the "Investors" tab, and in other documents OneWater files with the SEC. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise. Non-GAAP Financial Measures and Key Performance Indicators This press release and our related earnings call contain certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income (Loss) Attributable to OneWater Marine Inc., Adjusted Diluted Earnings (Loss) Per Share and Adjusted Long-Term Net Debt, as measures of our operating performance. Management believes these measures may be useful in performing meaningful comparisons of past and present operating results, to understand the performance of the Company’s ongoing operations and how management views the business. Reconciliations of reported GAAP measures to adjusted non-GAAP measures are included in the financial schedules contained in this press release. These measures, however, should not be construed as an alternative to any other measure of performance determined in accordance with GAAP. Because our non-GAAP financial measures may be defined differently by other companies, our definition of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. We have not reconciled non-GAAP forward-looking measures, including Adjusted EBITDA and adjusted diluted earnings (loss) per share guidance, to their corresponding GAAP measures due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to change in fair value of contingent consideration and transaction costs. Change in fair value of contingent consideration and transaction costs are affected by the acquisition, integration and post-acquisition performance of our acquirees which is difficult to predict and subject to change. Accordingly, reconciliations of forward-looking Adjusted EBITDA and adjusted diluted earnings per share are not available without unreasonable effort. Adjusted EBITDA We define Adjusted EBITDA as net income (loss) before interest expense – other, income tax (benefit) expense, depreciation and amortization and other (income) expense, further adjusted to eliminate the effects of items such as the change in fair value of contingent consideration, restructuring and impairment, stock-based compensation and transaction costs. See reconciliation above. Our board of directors, management team and lenders use Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization) and other items (such as the change in fair value of contingent consideration, income tax (benefit) expense, restructuring and impairment, stock-based compensation and transaction costs) that impact the comparability of financial results from period to period. We present Adjusted EBITDA because we believe it provides useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. Adjusted EBITDA is not a financial measure presented in accordance with GAAP. We believe that the presentation of this non-GAAP financial measure will provide useful information to investors and analysts in assessing our financial performance and results of operations across reporting periods by excluding items we do not believe are indicative of our core operating performance. Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. and Adjusted Diluted (Loss) Earnings Per Share We define Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. as Net (Loss) Income Attributable to OneWater Marine Inc. before transaction costs, intangible amortization, change in fair value of contingent consideration, restructuring and impairment and other expense (income), all of which are then adjusted for an allocation to the non-controlling interest of OneWater Marine Holdings, LLC. Each of these adjustments are subsequently adjusted for income tax at an estimated effective tax rate. Management also reports Adjusted Diluted (Loss) Earnings Per Share which presents all of the adjustments to Net (Loss) Income Attributable to OneWater Marine Inc. noted above on a per share basis. See reconciliation above. Our board of directors, management team and lenders use Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. and Adjusted Diluted (Loss) Earnings Per Share to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of unusual or one time charges and other items (such as the change in fair value of contingent consideration, intangible amortization, restructuring and impairment, transaction costs and other expense (income)) that impact the comparability of financial results from period to period. We present these metrics because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. Adjusted Net (Loss) Income Attributable to OneWater Marine Inc. and Adjusted Diluted (Loss) Earnings Per Share are not financial measures presented in accordance with GAAP. We believe that the presentation of these non-GAAP financial measures will provide useful information to investors and analysts in assessing our financial performance and results of operations across reporting periods by excluding items we do not believe are indicative of our core operating performance. Adjusted Long-Term Net Debt We define Adjusted Long-Term Net Debt as long-term debt (including current portion) less cash. We consider, and we believe certain investors and analysts consider, adjusted long-term net debt, as well as adjusted long-term net debt divided by trailing twelve-month Adjusted EBITDA, to be an indicator of our financial leverage. Same-Store Sales We define same-store sales as sales from our Dealership segment, excluding new and acquired stores. New and acquired stores become eligible for inclusion in the comparable store base at the end of the store’s thirteenth month of operations under our ownership and revenues are only included for identical months in the same-store base periods. Stores relocated within an existing market remain in the comparable store base for all periods. Additionally, amounts related to closed or sold stores are excluded from each comparative base period. We use same-store sales to assess the organic growth of our Dealership segment revenue. We believe that our assessment on a same-store basis represents an important indicator of comparative financial results and provides relevant information to assess our performance. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730718273/en/ Contacts Investor or Media Contact: Jack EzzellChief Operating Officer and Chief Financial [email protected]

Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 4% year on year to $530.7 million. The company’s full-year revenue guidance of $1.78 billion at the midpoint came in 2.8% below analysts’ estimates. Its non-GAAP profit of $0.73 per share was 6.6% below analysts’ consensus estimates. Is now the time to buy OneWater? Find out in our full research report. Revenue: $530.7 million vs analyst estimates of $558.1 million (4% year-on-year decline, 4.9% miss) Adjusted EPS: $0.73 vs analyst expectations of $0.78 (6.6% miss) Adjusted EBITDA: $37.76 million vs analyst estimates of $33.3 million (7.1% margin, 13.4% beat) The company dropped its revenue guidance for the full year to $1.78 billion at the midpoint from $1.83 billion, a 3% decrease Management slightly raised its full-year Adjusted EPS guidance to $0.45 at the midpoint EBITDA guidance for the full year is $73 million at the midpoint, above analyst estimates of $69.86 million Operating Margin: 6.7%, up from 5.5% in the same quarter last year Same-Store Sales fell 2% year on year (2% in the same quarter last year) Market Capitalization: $211 million A public company since early 2020, OneWater Marine (NASDAQ:ONEW) sells boats, yachts, and other marine products. A company’s long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $1.81 billion in revenue over the past 12 months, OneWater is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. As you can see below, OneWater’s demand was weak over the last three years. Its sales fell by 1.2% annually despite opening new stores and expanding its reach. This quarter, OneWater missed Wall Street’s estimates and reported a rather uninspiring 4% year-on-year revenue decline, generating $530.7 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 3.4% over the next 12 months, an acceleration versus the last three years. This projection is above average for the sector and suggests its newer products will spur better top-line performance. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE. A retailer’s store count influences how much it can sell and how quickly revenue can grow. Over the last two years, OneWater has generally opened new stores, averaging 1.2% annual growth. This was faster than the broader consumer retail sector. When a retailer opens new stores, it usually means it’s investing for growth because demand is greater than supply, especially in areas where consumers may not have a store within reasonable driving distance. Note that OneWater reports its store count intermittently, so some data points are missing in the chart below. A company’s store base only paints one part of the picture. When demand is high, it makes sense to open more. But when demand is low, it’s prudent to close some locations and use the money in other ways. Same-store sales gives us insight into this topic because it measures organic growth for a retailer’s e-commerce platform and brick-and-mortar shops that have existed for at least a year. OneWater’s demand within its existing locations has been relatively stable over the last two years but was below most retailers. On average, the company’s same-store sales have grown by 1.2% per year. This performance suggests it should consider improving its foot traffic and efficiency before expanding its store base. In the latest quarter, OneWater’s same-store sales fell by 2% year on year. This decline was a reversal from its historical levels. We were impressed by how significantly OneWater blew past analysts’ EBITDA expectations this quarter. We were also glad its full-year EBITDA guidance exceeded Wall Street’s estimates. On the other hand, its revenue missed and its full-year revenue guidance fell short of Wall Street’s estimates. Zooming out, we think this was a mixed quarter. The stock remained flat at $12.70 immediately after reporting. So should you invest in OneWater right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free.

Looking back on automotive and marine retail stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including OneWater (NASDAQ:ONEW) and its peers. At their essence, cars and boats get you from point A to point B, but the former is usually a necessity in everyday life while the latter is a luxury or leisure product. The retailers that sell these vehicles therefore cater to different needs and populations. There are also retailers that may not sell cars and boats themselves but the parts and accessories needed to keep these complex machines in tip top shape. The 10 automotive and marine retail stocks we track reported a satisfactory Q1. As a group, revenues missed analysts’ consensus estimates by 1.9%. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. A public company since early 2020, OneWater Marine (NASDAQ:ONEW) sells boats, yachts, and other marine products. OneWater reported revenues of $442.3 million, down 8.5% year on year. This print fell short of analysts’ expectations by 8.3%. Overall, it was a softer quarter for the company with a significant miss of analysts’ revenue and EBITDA estimates. OneWater achieved the highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 3.2% since reporting and currently trades at $10.43. Read our full report on OneWater here, it’s free. Known for its transparent, customer-centric approach and wide selection of vehicles, Carmax (NYSE:KMX) is the largest automotive retailer in the United States. CarMax reported revenues of $5.95 billion, flat year on year, outperforming analysts’ expectations by 3.9%. The business had a stunning quarter with a beat of analysts’ EPS and EBITDA estimates. CarMax achieved the biggest analyst estimate beat among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 3.8% since reporting. It currently trades at $47.22. Is now the time to buy CarMax? Access our full analysis of the earnings results here, it’s free. Started as a single location in Rochester, New York, Monro (NASDAQ:MNRO) provides common auto services such as brake repairs, tire replacements, and oil changes. Monro reported revenues of $273.8 million, down 7.2% year on year, falling short of analysts’ expectations by 3.5%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates. As expected, the stock is down 11.3% since the results and currently trades at $14.69. Read our full analysis of Monro’s results here. With a diverse global network spanning the US, UK, Canada, Germany, Italy, Japan, and Australia, Penske Automotive Group (NYSE:PAG) operates automotive and commercial truck dealerships across the globe, selling new and used vehicles while providing service, parts, and financing options. Penske Automotive Group reported revenues of $7.86 billion, down 1.1% year on year. This result surpassed analysts’ expectations by 2.8%. Overall, it was a very strong quarter as it also produced an impressive beat of analysts’ revenue and EBITDA estimates. The stock is up 6.5% since reporting and currently trades at $172.10. Read our full, actionable report on Penske Automotive Group here, it’s free. Founded in Virginia in 1932, Advance Auto Parts (NYSE:AAP) is an auto parts and accessories retailer that sells everything from carburetors to motor oil to car floor mats. Advance Auto Parts reported revenues of $2.61 billion, up 1.2% year on year. This print topped analysts’ expectations by 1.1%. It was a strong quarter as it also put up a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. The stock is up 13.9% since reporting and currently trades at $58.36. Read our full, actionable report on Advance Auto Parts here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) fell short of the market’s revenue expectations in Q1 CY2026, with sales falling 8.5% year on year to $442.3 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.83 billion at the midpoint. Its non-GAAP loss of $0.34 per share was significantly below analysts’ consensus estimates. Is now the time to buy ONEW? Find out in our full research report (it’s free). Revenue: $442.3 million vs analyst estimates of $482.1 million (8.5% year-on-year decline, 8.3% miss) Adjusted EPS: -$0.34 vs analyst estimates of $0.07 (significant miss) Adjusted EBITDA: $16.34 million vs analyst estimates of $17.93 million (3.7% margin, 8.8% miss) The company dropped its revenue guidance for the full year to $1.83 billion at the midpoint from $1.88 billion, a 2.7% decrease Management lowered its full-year Adjusted EPS guidance to $0.45 at the midpoint, a 10% decrease EBITDA guidance for the full year is $70 million at the midpoint, above analyst estimates of $69.18 million Operating Margin: 1.7%, down from 3.4% in the same quarter last year Market Capitalization: $156 million OneWater’s second quarter was marked by a challenging retail environment and lower demand for new boats, with executives citing a shift in the timing of the Palm Beach International Boat Show and divestitures as key factors behind the decline. CEO Anthony Aisquith explained that while industry-wide retail demand was down, OneWater’s gross margin improved, thanks to disciplined pricing and a stronger mix in premium categories. Executive Chairman Austin Singleton noted, "Our inventory continues to be in the best condition it has been in years," crediting inventory management as a relative strength amid these headwinds. Looking ahead, OneWater’s guidance reflects continued caution, as management anticipates further pressure from industry softness and the absence of revenues from divested brands. CFO Jack Ezzell stated that actions to streamline costs should yield $6 million in annual savings, while ongoing efforts to optimize the brand portfolio are expected to improve operational resilience. Management is closely watching macroeconomic volatility, with Singleton emphasizing, “We’re just still a little nervous about what we’re going to wake up and see on the TV and how that impacts consumer confidence over the next 60, 90, 120 days.” OneWater’s latest quarter was shaped by lower new boat demand, a major divestiture, and a focus on improving margins and reducing leverage. Boat show timing impact: Management pointed to the shift of the Palm Beach International Boat Show into late March as a primary driver behind lower new boat sales, with much of the related revenue expected to fall into the next quarter instead. Portfolio optimization and divestiture: The sale of Ocean Bio-Chem was highlighted as a strategic move to focus on core assets. Management noted this will create challenging year-over-year comparisons, but also provide proceeds for debt reduction. Margin expansion focus: Despite the sales decline, gross margin improved by 110 basis points, attributed to a richer mix of premium brands and ongoing portfolio streamlining rather than promotional activity. Cost reductions underway: SG&A expenses declined, reflecting both prior and recent cost-cutting actions. Ezzell cited a $6 million annual savings target from new cuts, driven mainly by personnel and administrative optimizations. Inventory discipline as a differentiator: Inventory levels were down both year-over-year and over a two-year period, with management stressing that a healthy inventory mix and age profile should support performance through the core selling season. Management expects portfolio streamlining, disciplined cost control, and macroeconomic uncertainty to be the main themes shaping upcoming results. Industry demand remains pressured: Management expects industry retail activity to be flat to down for the remainder of the year, with potential upside if macroeconomic 'noise' calms, but remains cautious about consumer sentiment and fuel prices. Operational discipline and cost savings: Continued actions to optimize the cost structure—including recent $6 million in annualized SG&A reductions—are expected to help mitigate the impact of lower revenue and support margin stability. Inventory and brand mix: A healthier, premium-oriented inventory position is intended to allow OneWater to capture any demand rebound and maintain higher average selling prices, though management acknowledges the risk that inventory could tighten if demand unexpectedly rises. In the coming quarters, our analysts will be closely watching (1) whether deferred revenue from the Palm Beach Boat Show is realized as expected, (2) the impact of continued cost reductions on operating margins, and (3) signs that industry demand and consumer confidence are stabilizing or improving. Additional attention will focus on how the company redeploys capital from recent divestitures and executes on its streamlined brand portfolio. OneWater currently trades at $9.57, down from $10.11 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it’s free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging for this month - FREE. Get Our Top 5 Growth Stocks for Free HERE. 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Revenue and same-store sales declines were primarily attributed to lower unit volumes, the timing shift of the Palm Beach International Boat Show, and strategic portfolio optimization. Gross margin expanded by 110 basis points, driven by a more streamlined brand portfolio, disciplined pricing, and a slightly less promotional market environment. The premium and luxury segments continue to outperform broader retail trends, aligning with the company's strategic skew toward high-end brands. Inventory health has reached a multi-year peak with a 19% reduction over two years, supported by disciplined OEM production and a balanced aging profile. Pre-owned boat sales served as a resilient growth driver, increasing 5% due to improved availability and higher average unit prices. Finance penetration remains stable at over 60%, indicating that the market remains active for financed purchases despite the current interest rate environment. Full-year guidance remains unchanged, anchored by the assumption that industry retail demand will be flat to down low-single digits. Management expects to reduce net debt-to-EBITDA leverage below 4.0x by the end of the fiscal year, supported by divestiture proceeds and operating cash flow. The company anticipates a significant portion of delayed boat show sales to materialize in the June quarter, with approximately $16 million to $17 million in shifted revenue. Future inventory ordering decisions are in a 'wait-and-see' mode for the next 90 days to gauge if current demand trends necessitate increased production lead times. Strategic focus remains on cost containment and operational efficiency to build a more resilient business model ahead of a broader market recovery. Completed the sale of Ocean Bio-Chem (OBCI) to focus on core assets, which will create challenging year-over-year comparisons for the remainder of the year. Implemented cost-reduction actions in late March and early April expected to deliver approximately $6 million in annualized SG&A savings. Recognized a $6 million non-cash trade name impairment charge during the quarter. Management flagged macroeconomic 'noise' and consumer confidence as primary risks that could impact retail demand over the next 60 to 120 days. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management noted that units were down in the mid-to-upper single digits, while the overall decline was led by price shifts toward more affluent, higher-ticket items. Approximately half of the new boat sales decline was due to the Palm Beach show timing, with another quarter attributed to exited brands. April activity showed encouraging trends in door swings and internet leads, with volume trending in a 'nice direction' excluding the boat show impact. Management expressed caution regarding external factors like fuel price headlines and their potential impact on consumer confidence despite strong current engagement. Savings are being driven by personnel reductions, administrative cuts, and internal reorganizations across both dealerships and distribution segments. The company expects to capture approximately half of these savings ($3 million) in the back half of the fiscal year. If current sales trends maintain through the end of the June quarter, the company may be forced to increase orders as industry-wide inventory is significantly depleted. Management highlighted that manufacturers cannot quickly ramp up production, making lead-time management critical if an uptick in demand occurs. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.