Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 39

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 and 2024 (in thousands, except per share data):Net (loss) earnings per share:Nine Months Ended June 30, 2025Nine Months Ended June 30, 2024Numerator:Net (loss) income attributable to OneWater Inc$(1,624)$3,544 Denominator:Weighted-average number of unrestricted outstanding common shares used to calculate basic net (loss) earnings per share15,70014,571Effect of dilutive securities:Restricted stock units—264Employee stock purchase plan——Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net (loss) earnings per share15,70014,835Net (loss) earnings per share of Class A common stock – basic$(0.10)$0.24 Net (loss) earnings per share of Class A common stock – diluted$(0.10)$0.24 Shares of Class B common stock and unvested restricted stock units do not share in the income (losses) of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted net income (loss) per share of Class B common stock under the two-class method has not been presented. The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net earnings (loss) per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):Three Months Ended June 30, 2025Three Months Ended June 30, 2024Class B common stock—1,430Restricted Stock Units8198Employee Stock Purchase Plan—3381,661Nine Months Ended June 30, 2025Nine Months Ended June 30, 2024Class B common stock5961,430Restricted Stock Units118251Employee Stock Purchase Plan8287221,709On March 30, 2022, the Board approved a share repurchase program up to $50 million. No shares of Class A common stock were repurchased by the Company during the nine months ended June 30, 2025. As of June 30, 2025 the Company has repurchased and retired 73,487 shares of Class A common stock under the repurchase program for a purchase price of approximately $1.9 million. As of June 30, 2025, approximately $48.1 million remained available for future purchase under the repurchase program. The repurchase program does not have a predetermined expiration date.Employee Stock Purchase PlanAt