OneWater Marine Inc
NASDAQ:ONEW
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OneWater Marine Inc
OneWater Marine, Inc. is a recreational boat retailer in the United States. The company is headquartered in Buford, Georgia and currently employs 1,785 full-time employees. The company went IPO on 2019-10-25. The firm is a marine retailer, which operates in the United States with approximately 70 stores comprising 25 dealer groups in 11 states. Its dealer groups are located throughout the Southeast; Gulf Coast; Mid-Atlantic; and Northeast, including Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio and New Jersey. The company offers new and pre-owned recreational boats; yachts; and related marine products, including parts and accessories. The company also provides boat repair and maintenance services; arrange boat financing and insurance; and offers other ancillary services, including indoor and outdoor storage, marina services, and rentals of boats and personal watercraft. The Company’s products and services includes New and Pre-Owned Boat Sales; F&I Products; and Service, Parts & Other.
OneWater Marine, Inc. is a recreational boat retailer in the United States. The company is headquartered in Buford, Georgia and currently employs 1,785 full-time employees. The company went IPO on 2019-10-25. The firm is a marine retailer, which operates in the United States with approximately 70 stores comprising 25 dealer groups in 11 states. Its dealer groups are located throughout the Southeast; Gulf Coast; Mid-Atlantic; and Northeast, including Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio and New Jersey. The company offers new and pre-owned recreational boats; yachts; and related marine products, including parts and accessories. The company also provides boat repair and maintenance services; arrange boat financing and insurance; and offers other ancillary services, including indoor and outdoor storage, marina services, and rentals of boats and personal watercraft. The Company’s products and services includes New and Pre-Owned Boat Sales; F&I Products; and Service, Parts & Other.
Revenue Growth: Fourth quarter revenue increased 22% to $460 million, driven by strong new and pre-owned boat sales and recovery from last year’s hurricane disruptions.
Same-Store Sales: Same-store sales rose 23% in Q4 and 6% for the full year, outperforming a weak industry backdrop.
Margins & Inventory: Inventory management was a major focus, with inventory down 8.5% year-over-year and margins showing improvement as excess inventory was cleared.
Net Loss Driven by Impairments: Net loss of $113 million in Q4 and $116 million for the year were driven by $146 million in noncash impairment charges, not operational weakness.
2026 Outlook: Management expects flat same-store sales and total sales of $1.83–$1.93 billion in 2026, with adjusted EBITDA guidance of $65–$85 million and EPS guidance of $0.25–$0.75.
Promotional Environment: Promotions are expected to stay stable until manufacturers increase production; margin pressure is easing as inventories normalize.
Capital Allocation: Reducing leverage is a priority in the near term, with limited M&A activity expected until debt is reduced.
