Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 76

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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 industry, our definition of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.

41

The following tables present a reconciliation of Adjusted Net Income (Loss) Attributable to OneWater Marine Inc. to our net income (loss) attributable to OneWater Marine Inc. and Adjusted Diluted Earnings (Loss) Per Share to our net earnings (loss) per share of Class A common stock - diluted, which are the most directly comparable GAAP measures for the periods presented.

Three Months Ended June 30, 2025, Compared to Three Months Ended June 30, 2024.

Three Months Ended June 30,Description20252024Change($ in thousands)Net income attributable to OneWater Marine Inc.$10,715 $14,683 $(3,968)Transaction costs175 242 (67)Intangible amortization2,167 2,086 81 Change in fair value of contingent consideration144 214 (70)Restructuring and impairment727 — 727 Other expense (income), net(224)(1,357)1,133 Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1)— (107)107 Adjustments to income tax expense (2)(687)(248)(439)Adjusted net income attributable to OneWater Marine Inc.$13,017 $15,513 $(2,496)Net income per share of Class A common stock - diluted$0.65 $0.99 $(0.34)Transaction costs0.01 0.02 (0.01)Intangible amortization0.13 0.15 (0.02)Change in fair value of contingent consideration0.01 0.01 — Restructuring and impairment0.04 — 0.04 Other expense (income), net(0.01)(0.09)0.08 Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1)— (0.01)0.01 Adjustments to income tax expense (2)(0.04)(0.02)(0.02)Adjusted earnings per share of Class A common stock - diluted$0.79 $1.05 $(0.26)(1) Represents an allocation of the impact of reconciling items to our non-controlling interest.(2) Represents an adjustment of all reconc