OneWater Marine (ONEW)
NASDAQ:ONEW
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.71Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Q2 2026
Earnings Call Date:Apr 30, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mixed picture: meaningful operational progress (110 bps gross margin expansion, inventory improvement, debt reduction, pre-owned growth, cost actions, and maintained guidance) offset by notable top-line weakness (revenues down 9%, same-store sales down 8%, new boat revenue down 12%), a quarterly net loss including a $6M impairment, and ongoing industry headwinds. Management emphasized strategic portfolio optimization (sale of Ocean Bio-Chem), improved balance sheet metrics and encouraging early selling‑season activity, but acknowledged that divestiture-related lost revenue and macro uncertainty will pressure comparables and near-term results.Company Guidance
Gross Margin Expansion
Gross profit margin expanded 110 basis points to 23.9% year-over-year, driven by favorable mix, brand portfolio optimization and pricing discipline.
Inventory Position and Mix Improvement
Dealership inventory down 3% year-over-year and down 19% versus two years ago; overall inventory reported at $551 million (from $602 million prior year), with management describing mix and aging profile as the best in years.
Debt Reduction and Leverage Improvement
Repaid $57 million of debt during the quarter; long-term debt $354 million; net debt-to-EBITDA improved to 4.1x sequentially and year-over-year, and management remains on track to reduce leverage below 4.0x by year-end.
Liquidity and Cash Position
Ended the quarter with $68 million cash and total liquidity of approximately $73 million.
Pre-Owned and Parts/Service Strength
Pre-owned boat revenue increased 5% year-over-year driven by higher unit sales and average price; excluding Ocean Bio-Chem (OBCI) contribution in the prior year, service, parts and other sales increased year-over-year.
Cost Actions and SG&A Discipline
SG&A declined $2 million to $86 million versus prior year; management implemented additional cost actions expected to deliver approximately $6 million in annual savings (about half to be realized in back half of fiscal year).
Strong Boat Show Results and Timing Benefit
Palm Beach International Boat Show produced high‑teens percentage growth in units and dollars versus prior year; timing shifted approximately $16–$17 million of sales into the June quarter, providing near-term pickup potential.
Completed Strategic Divestiture
Completed sale of Ocean Bio-Chem as part of portfolio optimization; proceeds used to reduce debt and focus business on core assets and long-term value creation.
Guidance Maintained
Management reiterated fiscal 2026 outlook: total revenue $1.78B–$1.88B, adjusted EBITDA $60M–$80M, adjusted diluted EPS $0.20–$0.70, and industry assumption of flat to down low single digits.
ONEW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ONEW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $10.11 | $9.39 | -7.12% |
Jan 29, 2026 | $13.22 | $12.89 | -2.50% |
Nov 13, 2025 | $15.50 | $13.88 | -10.45% |
Jul 31, 2025 | $14.56 | $15.34 | +5.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does OneWater Marine (ONEW) report earnings?
OneWater Marine (ONEW) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is OneWater Marine (ONEW) earnings time?
OneWater Marine (ONEW) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONEW EPS forecast?
ONEW EPS forecast for the fiscal quarter 2026 (Q3) is 0.71.