OneWater Marine misses Q3 estimates as divestiture impact weighs

OneWater Marine

30/07/2026 12:27

Overview
U.S. marine retailer's fiscal Q3 revenue fell 4%, missing analyst expectations
Adjusted EPS for fiscal Q3 missed analyst expectations
Company attributed revenue decline to OBCI divestiture and strategic brand exits

Outlook
OneWater Marine sees full-year 2026 revenue between $1.75 bln and $1.80 bln
Company expects 2026 adjusted EBITDA of $68 mln to $78 mln
Company expects adjusted diluted EPS for 2026 between $0.35 and $0.55

Result Drivers
OBCI DIVESTITURE - Co said revenue and service, parts & other sales declined primarily due to the impact of the Ocean Bio-Chem divestiture
STRATEGIC BRAND EXITS - New boat revenue fell due to lower unit volumes, primarily attributable to strategic brand exits completed during the prior year
MARGIN EXPANSION - Gross profit margin increased 70 bps to 24.0%, driven by favorable product mix and execution of strategic priorities to enhance boat gross profit

Company press release: ID:nBw5LFHNTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$530.71 mln
$553.73 mln (6 Analysts)
Q3 Adjusted EPS
Miss
$0.73
$0.81 (5 Analysts)
Q3 Net Income
 
$11.67 mln
 
Q3 Gross Profit
 
$127.48 mln
 
Q3 Like-For-Like Growth
 
-2.00%
 

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 $13.00, about 2.4% above its July 29 closing price of $12.70
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

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July 29 - Camping World cuts 2026 adjusted EBITDA outlook on weaker RV industry trends

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(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.)