OneWater Marine Q3 revenue falls 4% to $530.7 million; adjusted EBITDA rises 15%
OneWater Marine reported fiscal third-quarter 2026 revenue of $530.7 million, down 4.0% from a year earlier, and GAAP net income of $11.7 million, or $0.69 per diluted share, up from $0.65. Adjusted diluted EPS fell to $0.73 from $0.79, while adjusted EBITDA rose 15% to $37.8 million. The company also updated its full-year 2026 outlook, now calling for total revenue of $1.75 billion to $1.80 billion and adjusted diluted EPS of $0.35 to $0.55.
Key points
- Q3 total revenue was $530.7 million, down 4.0%; same-store sales fell 2%, and the company cited the Ocean Bio-Chem divestiture and exited brands.
- GAAP diluted EPS was $0.69 versus $0.65 a year earlier; adjusted diluted EPS was $0.73 versus $0.79.
- Adjusted EBITDA was $37.8 million versus $32.8 million; gross margin rose 70 basis points to 24.0%.
- Adjusted net debt leverage improved to 3.7x from 5.8x, and the fiscal 2026 target of below 4.0x was reached ahead of schedule.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.