** Shares of OneWater Marine ONEW.O up 13.2% at $17.37 on Thurs after recreational boat seller's fiscal Q1 results top Wall Street estimates

** Buford, Georgia-based firm early Thurs posted rev increase of 3% y/y to $375.8 mln and adj loss/sh of 54 cents. Analysts had called for rev of $338.6 mln and loss of 84 cents, per LSEG

** CEO Austin Singleton said co remains "cautiously optimistic" on remainder of 2025, pointing to its lower inventory levels and ongoing cost reduction initiatives

** Co stuck with 2025 guidance for rev of $1.7-$1.85 bln and adj earnings/sh of $1-$2

** Meanwhile, shares of recreational power-boat maker Malibu Boats MBUU.O up 5.4% at $40.53 on the session after its fiscal Q2 results beat expectations

** Loudon, Tennessee-based co early Thurs said sales decreased 5% y/y to $200.3 mln while adj EPS fell 46% to 31 cents. But that topped consensus views of sales of $191.5 mln and adj EPS of 21 cents

** Its CEO Steve Menneto cited a challenging marine environment in the qtr, adding while retail softness persists, especially in its saltwater markets, co will maintain "disciplined channel inventory levels and prudent production" heading into second half of the fiscal year

** Regarding 2025 outlook, MBUU anticipates net sales percentage to be flat to down low-single-digits y/y and adj EBITDA margin of ~10%

** Also on Thurs, recreational boat retailer MarineMax Inc's HZO.N shares up 6%, potentially on a positive read-through

** With moves on the session, ONEW and MBUU off ~31% and ~5%, respectively, over the past year, while HZO up 10% in same time frame

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))