OneWater Marine Reports Modest Q3 Revenue Growth

Onewater Marine Inc ( (ONEW) ) has released its Q3 earnings. Here is a breakdown of the information Onewater Marine Inc presented to its investors.

OneWater Marine Inc. is a prominent marine retailer in the United States, specializing in the sale of new and pre-owned boats, finance and insurance products, and marine services across its extensive network of retail locations and online marketplaces.

In its fiscal third quarter of 2025, OneWater Marine Inc. reported a modest revenue increase of 1.9% to $552.9 million, driven by a 17.8% rise in pre-owned boat sales, despite a slight decline in new boat sales. The company continues to navigate a competitive market environment while focusing on long-term strategic positioning.

Key financial metrics for the quarter included a gross profit margin of 23.3% and a GAAP net income of $11 million, translating to $0.65 per diluted share. Adjusted EBITDA stood at $33 million, reflecting a decrease from the previous year. The company also reported a decrease in total inventory by 13.6%, highlighting its disciplined inventory management approach.

Looking ahead, OneWater Marine Inc. maintains a cautious yet optimistic outlook, anticipating fiscal year 2025 revenue to range between $1.80 billion and $1.85 billion, with same-store sales expected to grow in the low single digits. The company remains committed to executing its strategic initiatives to enhance its market position and drive future growth.