OneWater Marine Inc. has announced its fiscal second quarter results for 2025. The company reported a slight decline in total revenues, which decreased by 1% to $484 million compared to the same period last year. The decrease in revenues was partly attributed to a 5.4% decline in new boat sales, which amounted to $309.5 million. However, pre-owned boat sales showed a significant increase of 14.1%, reaching $89.7 million. The company's same-store sales decreased by 2%, mainly due to the lower sales experienced on the West Coast of Florida as it continues to recover from Hurricanes Helene and Milton. Despite these challenges, OneWater Marine reported an adjusted EBITDA of $18 million for the quarter. In terms of net income, the company recorded a GAAP net loss of $375 thousand, or $(0.02) per diluted share. OneWater Marine has also updated its fiscal full year 2025 guidance, anticipating revenues in the range of $1.7 billion to $1.8 billion and dealership same-store sales to be flat to down low single digits. The company expects adjusted EBITDA to be between $65 million and $95 million for the fiscal year. OneWater Marine continues to focus on its strategic priorities, including inventory management and cost reduction initiatives, to position itself for long-term success.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.