Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 178

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 178
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2.0 million decrease in interest expense - floor plan and the $2.8 million decrease in income tax expense for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. 

Results of Operations

Nine Months Ended June 30, 2025, Compared to Nine Months Ended June 30, 2024

For the Nine Months Ended June 30, 2025For the Nine Months Ended June 30, 2024$ Change % Change ($ in thousands)Amount % of Revenue Amount % of Revenue Revenues:New boat$883,631 62.6 %$901,552 64.6 %$(17,921)-2.0 %Pre-owned boat272,467 19.3 %238,820 17.1 %33,647 14.1 %Finance & insurance income42,185 3.0 %40,022 2.9 %2,163 5.4 %Service, parts & other213,916 15.1 %214,381 15.4 %(465)-0.2 %Total revenues1,412,199 100.0 %1,394,775 100.0 %17,424 1.2 %Gross ProfitNew boat139,109 9.9 %161,483 11.6 %(22,374)-13.9 %Pre-owned boat49,602 3.5 %50,065 3.6 %(463)-0.9 %Finance & insurance42,185 3.0 %40,022 2.9 %2,163 5.4 %Service, parts & other92,232 6.5 %92,840 6.7 %(608)-0.7 %Total gross profit323,128 22.9 %344,410 24.7 %(21,282)-6.2 %Selling, general and administrative expenses258,989 18.3 %253,169 18.2 %5,820 2.3 %Depreciation and amortization16,426 1.2 %14,185 1.0 %2,241 15.8 %Transaction costs1,111 0.1 %966 0.1 %145