Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 77

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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.67, respectively, for the three months ended March 31, 2024. The decrease in Adjusted Net Income (Loss) Attributable to OneWater Marine Inc. resulted from the decrease in gross profit for the three months ended March 31, 2025, as compared to the three months ended March 31, 2024. The decrease in Adjusted Diluted Earnings (Loss) Per Share resulted from the decrease in Adjusted Net Income (Loss) Attributable to OneWater Marine Inc.

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Six Months Ended March 31, 2025, Compared to Six Months Ended March 31, 2024.

Six Months Ended March 31,Description20252024Change($ in thousands)Net loss attributable to OneWater Marine Inc.$(12,339)$(11,139)$(1,200)Transaction costs936 724 212 Intangible amortization4,270 3,657 613 Change in fair value of contingent consideration308 3,704 (3,396)Restructuring and impairment2,286 11,847 (9,561)Other expense (income), net1,077 2,246 (1,169)Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1)(568)(1,996)1,428 Adjustments to income tax benefit (2)(1,911)(4,642)2,731 Adjusted net (loss) income attributable to OneWater Marine Inc.$(5,941)$4,401 $(10,342)Net loss per share of Class A common stock - diluted$(0.80)$(0.77)$(0.03)Transaction costs0.06 0.05 0.01 Intangible amortization0.28 0.25 0.03 Change in fair value of contingent consideration0.02 0.26 (0.24)Restructuring and impairment0.15 0.81 (0.66)Other expense (income), net0.07 0.15 (0.08)Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1)(0.04)(0.14)0.10 Adjustments to income tax benefit (2)(0.12)(0.32)0.20 Adjusted (loss) earnings per share of Class A common stock - diluted$(0.38)$0.29