OneWater Marine Misses Q3 Estimates, Guides Below Street on Revenue and EPS
ONEW sits 56% above its 52-week low of $8.12.
Summary
OneWater Marine's fiscal Q3 revenue fell 4% to $530.7M, missing the $553.7M consensus, while adjusted EPS of $0.73 came in below the $0.81 estimate. The company attributed the top-line weakness to the Ocean Bio-Chem divestiture and prior-year strategic brand exits, though gross margin expanded 70 bps to 24.0%. Full-year guidance implies a significant step-down: revenue of $1.75B-$1.80B, adjusted EBITDA of $68M-$78M, and adjusted diluted EPS of just $0.35-$0.55 — well below current Street expectations. This follows a Q2 that already showed widening losses and declining revenue, and the stock is now trading at 13x forward earnings with a median price target of $13, offering limited upside. The results contrast with peers like Brunswick and Polaris, which recently posted stronger numbers, highlighting company-specific headwinds from portfolio restructuring.
At the time of this announcement, ONEW was trading at $12.70 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $211M. The 52-week trading range was $8.12 to $17.92. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.