Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

ONEW earnings analysis

Filed May 4, 2026 · Our reading of the company's report

The latest report

OneWater Marine's Q2 2026 report showed a significant decline in revenue and earnings, with actual EPS of -$0.34 compared to estimates of $0.07 and a prior year loss of just -$0.02. Revenue fell to $442.3 million, an…

Read full summary

OneWater Marine's Q2 2026 report showed a significant decline in revenue and earnings, with actual EPS of -$0.34 compared to estimates of $0.07 and a prior year loss of just -$0.02. Revenue fell to $442.3 million, an 8.5% decrease year-over-year, driven primarily by a drop in new boat sales. Despite a decline in overall performance, gross margin improved slightly, reflecting ongoing adjustments in product mix and pricing strategies.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $76 Operating expenses $22 Left as operating profit $2

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$-0.34
Segment
Dealerships: 93%, Distribution: 7% revenue breakdown

What stood out

  • Revenue Decline

    Revenue decreased to $442.3 million, down 8.5% year-over-year from $483.5 million.

  • Worsening EPS

    EPS reported at -$0.34, missing estimates by 857% from an expected $0.07.

  • Gross Margin Improvement

    Gross margin increased to 23.9%, up 110 basis points from 22.8% in the prior year.

  • Pre-owned Boat Sales Growth

    Pre-owned boat sales were up 5.2% to $94.4 million, helping offset some declines.

  • Restructuring Charges

    Restructuring and impairment charges soared to $6.6 million, impacting net income.

  • Transaction Cost Increase

    Transaction costs increased by 288.3% to $1.5 million largely due to the sale of Ocean Bio-Chem.

What to watch

  • Significant Net Loss

    Net loss widened to $12.9 million from $0.4 million year-over-year.

  • Declining New Boat Sales

    New boat sales fell by $37.5 million, or 12.1%, contributing to reduced revenue.

  • Impact of Ocean Bio-Chem Sale

    The sale resulted in decreased revenue from service and parts, affecting overall earnings.

Management's outlook

Management expects challenges due to consumer spending patterns and industry dynamics.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.