OneWater Marine (NASDAQ:ONEW) reported Q3 FY2025 results with GAAP revenue of $552.9 million, beating expectations and increasing by 1.9% YoY. Adjusted earnings per share of $0.79 fell below estimates at a 24.8% decline YoY. Gross margin and profitability decreased due to promotions and brand exits, but inventory dropped 13.6% YoY in Q3 FY2025. The company’s strategic focus includes prioritizing higher-margin brands, managing inventory efficiently, and balancing sales with service revenues. Management updated FY2025 guidance with revenue between $1.80-$1.85 billion and adjusted EBITDA at $65-$80 million, reflecting increased revenue targets but trimmed profitability expectations due to ongoing challenges.

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