OneWater Marine Sees 12% Revenue Surge Despite Costs

OneWater Marine Inc. achieved significant financial success in the third quarter of fiscal 2026, reporting a 12% year-over-year increase in revenue to $480 million. This growth was primarily fueled by a strong demand for premium boats, particularly those 24 feet and above, which saw a 14% rise in sales. The company also experienced a substantial 18% growth in its parts and service revenue, indicating enhanced customer retention and expanded service capabilities.

Management highlighted effective inventory control, with total inventory decreasing by 8% from the previous year to $520 million. New boat inventory stands at a healthy 4.2 months of supply, which is below the industry average and positions the company favorably against potential demand shifts. Despite facing higher operating costs due to inflation and persistent supply chain disruptions impacting new boat deliveries, OneWater Marine demonstrated resilience.

Looking ahead, the company acknowledged macroeconomic uncertainties and rising interest rates that may affect consumer financing and future demand. However, strategic acquisitions made during the quarter have successfully expanded its geographic reach and product portfolio, contributing to overall market share gains. The company reported adjusted EBITDA of $65 million, a 15% increase from the prior year, underscoring improved operational efficiencies.