OneWater Marine's Q3 adjusted EPS misses

OneWater Marine

31/07/2025 12:10

Overview

OneWater fiscal Q3 revenue rises 2% to $553 mln, beating analyst expectations

Adjusted EPS for fiscal Q3 misses estimates, pressured by competitive industry dynamics

Co focuses on inventory management and strategic brand exits for long-term positioning

Outlook

OneWater expects fiscal year 2025 revenue between $1.80 bln and $1.85 bln

Company anticipates fiscal year 2025 adjusted EBITDA of $65 mln to $80 mln

OneWater projects adjusted diluted EPS for fiscal year 2025 between $0.50 and $0.75

Company expects dealership same-store sales to rise low single digits in fiscal year 2025

Result Drivers

PRE-OWNED BOAT SALES - Revenue from pre-owned boats rose 17.8%, driven by increased units sold and higher average prices

INVENTORY MANAGEMENT - Strategic inventory management and brand exits contributed to positioning for long-term success

COMPETITIVE PRESSURE - Gross profit margin fell due to competitive environment and promotional activities impacting pricing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$553 mln
$529.80 mln (4 Analysts)
Q3 Adjusted EPS
Miss
$0.79
$1.04 (4 Analysts)
Q3 EPS
$0.65
Q3 Net Income
$11 mln
Q3 Adjusted EBITDA
$33 mln
Q3 Gross Margin
23.3%
Q3 Gross Profit
$128.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $17.00, about 14.4% above its July 30 closing price of $14.56

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw6VknMqa

(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.)