Overview

* OneWater fiscal Q3 revenue rises 2% to $553 mln, beating analyst expectations

* Adjusted EPS for fiscal Q3 misses estimates, pressured by competitive industry dynamics

* Co focuses on inventory management and strategic brand exits for long-term positioning

Outlook

* OneWater expects fiscal year 2025 revenue between $1.80 bln and $1.85 bln

* Company anticipates fiscal year 2025 adjusted EBITDA of $65 mln to $80 mln

* OneWater projects adjusted diluted EPS for fiscal year 2025 between $0.50 and $0.75

* Company expects dealership same-store sales to rise low single digits in fiscal year 2025

Result Drivers

* PRE-OWNED BOAT SALES - Revenue from pre-owned boats rose 17.8%, driven by increased units sold and higher average prices

* INVENTORY MANAGEMENT - Strategic inventory management and brand exits contributed to positioning for long-term success

* COMPETITIVE PRESSURE - Gross profit margin fell due to competitive environment and promotional activities impacting pricing

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $553 mln $529.80

Revenue mln (4

Analysts

)

Q3 Miss $0.79 $1.04 (4

Adjusted Analysts

EPS )

Q3 EPS $0.65

Q3 Net $11 mln

Income

Q3 $33 mln

Adjusted

EBITDA

Q3 Gross 23.3%

Margin

Q3 Gross $128.70

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy"

* Wall Street's median 12-month price target for OneWater Marine Inc ( ONEW ) is $17.00, about 14.4% above its July 30 closing price of $14.56

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)