Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 81

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 used in investing activities was $8.7 million for the nine months ended June 30, 2025 compared to net cash provided by investing activities of $17.6 million for the nine months ended June 30, 2024. The $26.3 million increase in cash used in investing activities was primarily attributable to a $45.1 million decrease in proceeds from the disposal of a business, partially offset by a $12.5 million decrease in cash used in purchases of property and equipment for the nine months ended June 30, 2025 as compared to the nine months ended June 30, 2024. 

Financing Activities. Net cash used in financing activities was $18.5 million for the nine months ended June 30, 2025 compared to net cash used in financing activities of $66.5 million for the nine months ended June 30, 2024. The $48.0 million decrease in financing cash flow was primarily attributable to the $18.8 million payment to purchase the non-controlling interest of Quality Assets & Operations, LLC during the nine months ended June 30, 2024, and a $42.0 million decrease in payments on long-term debt, partially offset by a $15.5 million decrease in proceeds from long-term debt during the nine months ended June 30, 2025 as compared to the nine months ended June 30, 2024.

Share Repurchase Program 

On March 30, 2022 the Board authorized a share repurchase program of up to $50 million of outstanding shares of Class A common stock. Repurchases under the share repurchase program may be made at any time or from time to time, without prior notice, in the open market or in privately negotiated transactions at prevailing market prices, or such other means as will comply with applicable state and federal securities laws and regulations, including the provisions of the Securities Exchange Act of 1934, including Rule 10b5-1 and, to the extent practicable or advisable, Rule 10b-18 thereunder, and consistent with the Company’s contractual limitations and other requirements.  The Company made no share repurchases during the nine months ended June 30, 2025. The Company has $48.1 million remaining under the share repurchase program. 

Debt Agreements

A&R Credit Facility 

On August 9, 2022 we entered into the Amended and Restated Credit Agreement (the “A&R Credit Facility”), with certain of