OneWater Marine Inc. on its 10-Q reported third-quarter results for the period ended June 30, 2026, with revenue of $530.7M, net income attributable to OneWater Marine Inc. of $11.7M and diluted EPS of $0.69. Revenue declined versus the year‑ago quarter while earnings and margins improved on cost reductions and mix shifts.
Financial Highlights
- Revenue was $530.7M for 3Q (ended June 30, 2026), down from $552.9M in the year‑ago quarter ( (4.0%)).
- Net income attributable to OneWater Marine Inc. was $11.7M for 3Q 2026, up from $10.7M in the year‑ago quarter (8.9%).
- Diluted earnings per share was $0.69 for 3Q 2026, compared with $0.65 in the year‑ago quarter (6.2%).
Business Highlights
- Dealership operations remain the core, accounting for roughly 94% of revenue; year‑over‑year revenue fell about 4% driven by lower unit sales despite improved gross margins.
- Distribution contribution declined following the sale of Ocean Bio‑Chem; the company is refocusing parts and accessories through PartsVu and T‑H Marine.
- Portfolio optimization and strategic brand exits helped raise new‑boat margins even with reduced volumes.
- OneWater continued an acquisition‑led growth strategy, operating 91 dealerships and six distribution centers as of June 30, 2026, and remains focused on accretive M&A.
- SG&A reductions and other cost‑saving measures supported higher operating income and adjusted EBITDA despite the revenue decline.
Original SEC Filing:
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