OneWater Marine Inc. Announces Fiscal Second Quarter 2026 Results

OneWater Marine Inc. reported its fiscal second quarter results for the period ending March 31, 2026. Revenue decreased by 8.5% to $442.3 million compared to the previous year, primarily due to the timing of the Palm Beach International Boat Show and the divestiture of Ocean Bio-Chem Holdings, Inc. (OBCI). Same-store sales also declined by 8%. However, the company achieved a gross profit margin of 23.9%, an increase of 110 basis points, driven by favorable product mix and strategic execution. The net loss for the quarter was $12.9 million, or $(0.78) per diluted share, compared to a net loss of $0.4 million in the prior year. Adjusted diluted loss per share was $(0.34). Adjusted EBITDA was $16.3 million. The company repaid $56.6 million in debt, utilizing proceeds from the OBCI sale, strengthening its balance sheet. OneWater is maintaining its fiscal full-year 2026 guidance, anticipating flat to low single-digit revenue growth, with dealership same-store sales expected to be flat year-over-year. Adjusted EBITDA is projected to be between $60 million and $80 million.