OneWater (ONEW) Q3 Revenue Up 1.9%
OneWater Marine (NASDAQ:ONEW), a leading U.S. marine retailer with a focus on premium boat brands, released its Q3 FY2025 results on July 31, 2025. The company posted GAAP revenue of $552.9 million for Q3 FY2025, exceeding analyst expectations of $532.0 million (GAAP) and reflecting a 1.9% increase from the prior-year quarter. However, Adjusted earnings per share (non-GAAP) reached only $0.79—well below the consensus estimate of $1.12 and down from $1.05 (adjusted, non-GAAP) in Q3 FY2024. The quarter highlighted sales resilience and market share gains relative to broader industry weakness, as OneWater outperformed the industry in Q2 FY2025 with same-store sales down 2% compared to an industry unit sales decline of over 10%, but also revealed margin pressures, lower profits, and ongoing business adjustments as OneWater continued its push to streamline inventory and brand offerings.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report.
OneWater Marine runs a large network of nearly 100 retail dealerships and multiple distribution centers across the U.S. The company’s main activities involve the sale of new and pre-owned boats, as well as offering marine parts, service, and insurance products. Its core business involves partnering with top boat manufacturers and serving a wide customer base with a focus on premium and high-demand brands. OneWater also sells related products such as marine parts and accessories and provides repair services at its dealerships.
Source Fool.com
