OneWater Marine Inc. reported a solid first quarter for fiscal year 2026, with revenue increasing by 1.3% to $380.6 million and gross profit rising by 6.3% to $89.4 million. Despite a net loss of $(7.7) million, the company achieved a 23.5% gross profit margin, reflecting improved model mix and portfolio optimization efforts.
Revenue for fiscal first quarter 2026 increased by 1.3% to $380.6 million compared to the prior year.
Gross profit reached $89.4 million, up $5.3 million from the fiscal first quarter 2025, with a gross profit margin of 23.5%.
The company reported a GAAP net loss of $(7.7) million, or $(0.47) per diluted share.
Adjusted EBITDA for the quarter was $4 million, an 88.9% increase from the prior year.
For fiscal full-year 2026, OneWater anticipates the industry to be flat to down low single digits year over year. The company expects dealership same-store sales to be flat year over year and total revenue to be in the range of $1.83 billion to $1.93 billion. Adjusted EBITDA is expected to be in the range of $65 million to $85 million and adjusted diluted earnings per share is expected to be in the range of $0.25 to $0.75.
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