Onewater Marine Inc ( (ONEW) ) has released its Q2 earnings. Here is a breakdown of the information Onewater Marine Inc presented to its investors.
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OneWater Marine Inc. is a leading marine retailer in the United States, specializing in the sale of new and pre-owned boats, finance and insurance products, parts, accessories, and services across 98 retail locations and multiple online platforms.
In its fiscal second quarter of 2025, OneWater Marine Inc. reported a slight revenue decline of 1% to $484 million, with same-store sales decreasing by 2%. The company faced challenges in the West Coast of Florida due to ongoing recovery from hurricanes, impacting sales. Despite these hurdles, OneWater maintained a gross profit margin of 22.8% and reported a GAAP net loss of $375 thousand.
Key financial metrics highlighted a 5.4% decrease in new boat revenue, while pre-owned boat sales saw a significant increase of 14.1%. The company’s adjusted EBITDA fell to $18 million from the previous year’s $28.3 million. Inventory management strategies led to a 12% reduction in inventory levels year-over-year, reflecting strategic operational execution.
Looking ahead, OneWater Marine Inc. has updated its fiscal year 2025 outlook, anticipating revenue between $1.7 billion and $1.8 billion, with dealership same-store sales expected to remain flat or decline slightly. The company remains focused on strategic priorities, including brand portfolio rationalization and cost reduction initiatives, to navigate the uncertain macroeconomic environment and position itself for long-term success.