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OneWater Marine Q2 2025 Earnings Report
OneWater Marine Inc. announced its fiscal second quarter 2025 results, with revenue decreasing 1% and a net loss of $375 thousand.
Key Takeaways
OneWater Marine Inc. reported a challenging fiscal second quarter 2025, with total revenue decreasing by 1.0% to $483.5 million. The company experienced a net loss of $375 thousand, or $(0.02) per diluted share, and adjusted diluted earnings per share of $0.13. Gross profit margin decreased to 22.8%.
Revenue decreased 1.0% to $483.5 million in fiscal second quarter 2025 compared to the prior year.
Same-store sales decreased by 2%, primarily due to lower sales in the West Coast of Florida.
The company reported a net loss of $375 thousand, or $(0.02) per diluted share.
Adjusted diluted earnings per share for the quarter was $0.13.
OneWater Marine
OneWater Marine
OneWater Marine Revenue by Segment
Revenue by Segment
New Boat Sales Revenue
CapyFin.comPre-Owned Boat Sales Revenue
CapyFin.comFinance & Insurance Income Revenue
CapyFin.comService, Parts & Other Sales Revenue
CapyFin.com Forward Guidance
OneWater Marine Inc. updated its fiscal full year 2025 outlook, anticipating revenue between $1.7 billion and $1.8 billion, and dealership same-store sales to be flat to down low single digits. Adjusted EBITDA is expected to be in the range of $65 million to $95 million, and Adjusted Diluted Earnings Per Share between $0.75 and $1.25.
Positive Outlook
- Continued focus on strategic priorities, rationalizing brand portfolio, and accelerating cost reduction initiatives.
- Inventory reduction of 12% year-over-year and 5% sequentially.
- Anticipated revenue range of $1.7 billion to $1.8 billion for fiscal full year 2025.
- Expected Adjusted EBITDA range of $65 million to $95 million for fiscal full year 2025.
- Expected Adjusted Diluted Earnings Per Share range of $0.75 to $1.25 for fiscal full year 2025.
Challenges Ahead
- Do not expect announced tariffs to have a material impact on current model year product.
- More cautious approach to the selling season due to considerable macroeconomic uncertainty on consumer demand.
- Same-store sales expected to be flat to down low single digits for fiscal full year 2025.
- Uncertainty regarding the impact of Hurricanes Helene and Milton on West Coast of Florida sales.
- Reconciliations of forward-looking non-GAAP measures are not available without unreasonable effort due to high variability and difficulty in forecasting certain items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income