OneWater Marine (NASDAQ:ONEW) Releases Earnings Results, Beats Expectations By $0.35 EPS

OneWater Marine (NASDAQ:ONEW) issued its earnings results on Thursday. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.35, Zacks reports. The firm had revenue of $380.56 million during the quarter, compared to the consensus estimate of $380.32 million. OneWater Marine had a negative net margin of 6.12% and a positive return on equity of 1.97%.

Here are the key takeaways from OneWater Marine’s conference call:

• Q1 revenue was $381M (+1% year-over-year) with gross margin expanding 110 basis points to 23.5%, adjusted EBITDA rising to $4M and adjusted diluted loss narrowing to $0.04.
• Pre-owned sales grew 24% (higher units and ASPs) as trade-in availability improved and management says inventory mix and age profile are the healthiest they’ve seen in years, supporting margins.
• Management has classified certain distribution assets as held for sale, recognized a $7M impairment, expects proceeds to repay the credit facility before March 31, 2026, but has not yet signed a definitive agreement.
• Company is maintaining FY26 guidance (sales $1.83B–$1.93B; adjusted EBITDA $65M–$85M; adj EPS $0.25–$0.75), expects ~100 bps improvement in new-boat margins for the year, and is prioritizing leverage reduction toward under 4x net debt/TTM EBITDA.

OneWater Marine Stock Up 3.0%

Shares of NASDAQ:ONEW traded up $0.39 during trading on Friday, hitting $13.28. 188,170 shares of the company were exchanged, compared to its average volume of 183,085. OneWater Marine has a fifty-two week low of $10.14 and a fifty-two week high of $21.00. The stock has a market cap of $219.49 million, a price-to-earnings ratio of -1.88 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.28 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average price of $11.99 and a two-hundred day moving average price of $14.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after acquiring an additional 1,395 shares during the period. JPMorgan Chase & Co. raised its stake in OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after purchasing an additional 2,710 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in OneWater Marine during the third quarter worth approximately $192,000. Two Sigma Investments LP acquired a new stake in shares of OneWater Marine during the 3rd quarter worth $219,000. Finally, Brevan Howard Capital Management LP acquired a new stake in OneWater Marine during the second quarter worth about $222,000. Institutional investors own 94.32% of the company’s stock.

Key Headlines Impacting OneWater Marine

Here are the key news stories impacting OneWater Marine this week:

• Positive Sentiment: Q1 EPS materially beat expectations — OneWater reported ($0.04) EPS vs. consensus (~$0.39 loss), surprising to the upside and driving immediate buyer interest. MarketBeat Q1 results
• Positive Sentiment: Management cited stronger inventory positioning, favorable model mix and early benefits from portfolio optimization that modestly improved gross margin versus expectations — a constructive operational signal for margin recovery. Business Wire press release Marine Industry News
• Neutral Sentiment: Revenue came essentially in line with expectations — Q1 sales ~$380.6M vs. consensus ~$380.3M — so the beat was EPS‑driven rather than top‑line surprise. MarketBeat revenue detail
• Negative Sentiment: FY‑2026 guidance was conservative vs. consensus: management set EPS guidance of $0.25–$0.75 (consensus ~$0.64) and revenue guidance roughly $1.8B–$1.9B (consensus ~$1.9B). The range implies a midpoint below some sell‑side expectations and tempers enthusiasm from the Q1 beat. MSN guidance report
• Negative Sentiment: Company remains unprofitable on a net margin basis and has leverage and tight liquidity metrics that could amplify sensitivity to slower demand or execution misses; these fundamentals are a risk despite the quarter’s improvement. Zacks note

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a research note on Thursday, January 22nd. KeyCorp dropped their price objective on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. Truist Financial lifted their price target on OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Zacks Research raised OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.