Quarterly ResultApr 30, 2026, 07:07 AM
ONEW Q2 Revenue $442M, Net Loss $(13)M; Debt Repaid $57M
AI Summary
OneWater Marine Inc. reported fiscal Q2 2026 results with revenue decreasing 8.5% to $442.3 million and a GAAP net loss of $(12.9) million, or $(0.78) per diluted share. Adjusted diluted loss per share was $(0.34). Despite lower sales, the company achieved gross profit margin expansion of 110 bps to 23.9% and significantly reduced debt by $56.6 million, supported by proceeds from the sale of Ocean Bio-Chem Holdings. The company maintained its fiscal full-year 2026 guidance.
Key Highlights
- Repaid $56.6M in debt, supported by proceeds from OBCI divestiture.
- Revenue decreased 8.5% to $442.3M; same-store sales down 8%.
- GAAP net loss $(12.9)M, or $(0.78) per diluted share.
- Adjusted diluted loss per share $(0.34); Adjusted EBITDA $16.3M.
- Gross profit margin increased 110 bps to 23.9%.
- Total inventory decreased to $551.4M from $602.4M YoY.
- Maintained FY2026 revenue guidance of $1.78B-$1.88B.
- Maintained FY2026 Adjusted EBITDA guidance of $60M-$80M.