Boat maker OneWater Marine's Q4 profit tops estimates on higher unit sales, prices

OneWater Marine

13/11/2025 12:08

Corrects Adjusted EBITDA, EPS and net income in Key Details table

Overview

OneWater Marine fiscal Q4 revenue grows 21.8%, beating analyst expectations

Adjusted EPS for fiscal Q4 beats consensus

Adjusted EBITDA for fiscal Q4 increased 123%, but missed analyst estimates

Outlook

Company expects fiscal 2026 revenue between $1.83 bln and $1.93 bln, which includes flat unit and dealership sales

Company projects fiscal 2026 adjusted EBITDA between $65 mln and $85 mln

Company anticipates fiscal 2026 EPS between $0.25 and $0.75

Result Drivers

BOAT SALES GROWTH - New and pre-owned boat sales increased significantly due to higher units sold and average prices

INVENTORY MANAGEMENT - Co maintained healthy inventory levels despite competitive market conditions

FAVORABLE COMPARISON - Prior year Q4 results were impacted by Hurricane Helene, aiding this year's revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$460.10 mln
$407.58 mln (6 Analysts)
Q4 Adjusted EPS
Beat
$0.44
$0.18 (5 Analysts)
Q4 EPS
-$6.9
Q4 Net Income
-$112.96 mln
Q4 Adjusted EBITDA
Miss
$17.503 mln
$19.13 mln (6 Analysts)
Q4 Gross Margin
22.60%
Q4 Gross Profit
$103.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy"

Wall Street's median 12-month price target for OneWater Marine Inc is $17.50, about 11.4% above its November 12 closing price of $15.50

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBwbN4CLra

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)