OneWater Marine has increased its revenue to $553 million in its fiscal third quarter ending June 30 2025.
Same-store sales increased by 2%, however new boat revenue decreased 2.1%, with a decrease in units sold but an increase in average price per unit.
Pre-owned boat revenue increased 17.8%, driven by the increase in units sold and average price per unit.
Finance and insurance income remained flat as a percentage of total boat sales, and service, parts and other sales were down 1.7% compared to the prior year quarter.
Dealership service, parts, and other sales increased in the quarter while Distribution segment sales were lower due to reduced production by boat manufacturers.
Gross profit for OneWater totalled $128.7 million for the quarter, down $3.9 million from $132.6 million for the same period in 2024 and gross profit margin was 23.3%.
By staying focused on factors within our control, we remain well-equipped to navigate this dynamic environment and drive results.
Austin Singleton
Net income for the quarter 2025 was $10.7 million, down from $16.7 million in fiscal third quarter 2024 and fiscal third quarter 2025 adjusted EBITDA decreased to $32.8 million compared to $39.2 million for fiscal third quarter 2024.
OneWater also decreased its inventory in the quarter to $517.1 million, compared to $598.6 million on June 30 2024.
“The quarter highlighted our ability to outperform broader industry trends, despite macroeconomic uncertainty,” explained Austin Singleton, chief executive officer at OneWater.
“As expected, a highly competitive environment and significant promotional activity across the industry continues to pressure margins.”
He added: “By staying focused on factors within our control, we remain well-equipped to navigate this dynamic environment and drive results.”
