OneWater Marine Inc. completed the sale of Ocean Bio‑Chem Holdings, Inc. on February 3 2026, receiving $50 million in cash that will be applied to long‑term debt. The proceeds are expected to cut annual interest expense by roughly $3.5 million and bring the company’s net leverage ratio below 4.0× by fiscal year‑end, a key target in its portfolio‑optimization plan.
The divestiture removes a specialty‑chemical business that had been acquired in August 2022 for about $125 million. By shedding this non‑core asset, OneWater can concentrate capital on its high‑margin pre‑owned boat sales, finance and insurance, and parts and services—segments that now account for more than 40 % of gross profit. In the most recent quarter, pre‑owned boat sales grew 24 %, new‑boat sales fell 6 %, and service, parts and other revenue rose 10 %, offsetting the decline in legacy product revenue.
Fiscal 2026 guidance has been updated to reflect the sale. Total revenue is now projected at $1.78 billion to $1.88 billion, up from the prior range of $1.73 billion to $1.83 billion, while adjusted EBITDA is expected to be $60 million to $80 million, a modest increase from the previous $55 million to $75 million. The higher guidance signals confidence that the core business mix will generate stronger earnings despite the loss of Ocean Bio‑Chem revenue.
Executive Chairman Austin Singleton said the transaction “sharpens our focus on core assets and enhances financial flexibility.” Chief Executive Officer Anthony Aisquith noted that lower unit volumes were offset by pricing and mix improvements, while Chief Financial Officer Jack Ezzell highlighted a 1 % revenue increase to $381 million and a gross‑profit‑margin expansion to 23.5 % from 23.4 % in the prior year quarter.
Investors responded positively to the results, citing the significant EPS beat—$0.04 versus an estimated loss of $0.55—and the strategic debt reduction. The market reaction underscores the importance of the company’s disciplined execution and its shift toward higher‑margin core operations, while acknowledging the ongoing headwinds in the broader marine industry, which is expected to remain flat to slightly negative in 2026.
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