OneWater Marine (NASDAQ:ONEW) Releases Earnings Results, Misses Expectations By $0.02 EPS

OneWater Marine (NASDAQ:ONEW) announced its quarterly earnings data on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02), FiscalAI reports. OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. The business had revenue of $530.71 million for the quarter, compared to analysts’ expectations of $553.73 million. OneWater Marine updated its FY 2026 guidance to 0.350-0.550 EPS.

Here are the key takeaways from OneWater Marine’s conference call:

• Margin and profitability improved: Third-quarter gross margin expanded 70 basis points to 24%, while adjusted EBITDA rose to $38 million from $33 million despite a 4% revenue decline. Management attributed the gains to favorable product mix, pricing discipline, cost reductions, and strategic brand exits.
• Balance sheet strengthened ahead of schedule: Adjusted net leverage improved to 3.7x from 5.8x a year ago, reaching the company’s under-4x year-end target early. OneWater said it is exploring debt refinancing options.
• Retail market remains challenging: Management now expects the marine industry to decline by high single digits year over year, with dealership same-store sales projected to fall by low to mid-single digits. Fiscal-year guidance was narrowed to revenue of $1.75 billion-$1.8 billion, adjusted EBITDA of $68 million-$78 million, and adjusted EPS of $0.35-$0.55.
• Inventory and premium demand are holding up: New-boat revenue declined 2% and pre-owned revenue fell 4%, but higher average selling prices, disciplined inventory management, and stable customer engagement—particularly in premium brands—helped protect margins. July trends were described as flattish to slightly positive, though management said a broad market recovery has not yet arrived.

OneWater Marine Trading Down 2.4%

Shares of NASDAQ:ONEW traded down $0.30 during mid-day trading on Thursday, reaching $12.40. 112,587 shares of the company were exchanged, compared to its average volume of 93,971. OneWater Marine has a 1 year low of $8.12 and a 1 year high of $17.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.29. The firm’s 50-day simple moving average is $11.53 and its 200 day simple moving average is $11.34. The firm has a market cap of $206.06 million, a price-to-earnings ratio of -1.65 and a beta of 1.53.

Insider Buying and Selling at OneWater Marine

In other news, Director John Troiano sold 27,844 shares of OneWater Marine stock in a transaction on Friday, May 8th. The stock was sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the sale, the director directly owned 41,438 shares of the company’s stock, valued at approximately $500,156.66. The trade was a 40.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Philip Austin Jr. Singleton bought 21,930 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average price of $10.88 per share, with a total value of $238,598.40. Following the completion of the acquisition, the chairman directly owned 801,816 shares in the company, valued at $8,723,758.08. This trade represents a 2.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 19.50% of the company’s stock.

Institutional Trading of OneWater Marine

A number of large investors have recently modified their holdings of ONEW. Vanguard Group Inc. boosted its position in shares of OneWater Marine by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 706,260 shares of the company’s stock valued at $11,187,000 after purchasing an additional 8,465 shares during the period. Dimensional Fund Advisors LP raised its stake in OneWater Marine by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock valued at $8,710,000 after acquiring an additional 2,378 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in OneWater Marine by 33.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company’s stock worth $3,108,000 after acquiring an additional 72,595 shares during the period. Marshall Wace LLP grew its stake in shares of OneWater Marine by 169.9% in the 4th quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock valued at $2,662,000 after purchasing an additional 154,876 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of OneWater Marine by 2.8% in the third quarter. Russell Investments Group Ltd. now owns 126,800 shares of the company’s stock valued at $2,009,000 after purchasing an additional 3,400 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine News Roundup

Here are the key news stories impacting OneWater Marine this week:

• Positive Sentiment: OneWater’s fiscal 2026 revenue guidance of approximately $1.8 billion is broadly in line with consensus. The upper end of its EPS guidance range, $0.55, is also above the current consensus estimate of $0.51, although the midpoint is lower. OneWater Marine Misses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Analysts and investors had been focused on the company’s fiscal third-quarter report, with pre-earnings coverage highlighting the possibility of upside based on valuation estimates. Earnings To Watch: OneWater Marine Inc. Q3 2026
• Negative Sentiment: Quarterly EPS was $0.73, below the consensus estimate of $0.75 and down from $0.79 a year earlier. Revenue of $530.71 million also missed expectations of $553.73 million, reinforcing concerns about weaker-than-expected sales. OneWater Marine Fiscal Q3 Earnings Snapshot OneWater Reports Sales Below Analyst Estimates
• Negative Sentiment: Full-year EPS guidance of $0.35 to $0.55 is cautious, with the midpoint below consensus. The company also reported a negative net margin of 6.69%, adding to concerns about profitability and helping explain the decline in ONEW shares. OneWater Marine Q3 2026 Earnings

Analyst Ratings Changes

Several research firms have weighed in on ONEW. Weiss Ratings lowered shares of OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. KeyCorp cut their price target on shares of OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Truist Financial reduced their price target on shares of OneWater Marine from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Finally, Robert W. Baird set a $13.00 price objective on OneWater Marine in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.33.

About OneWater Marine

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.