Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 66

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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%1,739 19.1 %Transaction costs936 0.1 %724 0.1 %212 29.3 %Change in fair value of contingent consideration308 — %3,704 0.4 %(3,396)-91.7 %Restructuring and impairment1,239 0.1 %11,847 1.4 %(10,608)-89.5 %Income from operations14,298 1.7 %20,326 2.4 %(6,028)-29.7 %Interest expense – floor plan14,530 1.7 %16,337 1.9 %(1,807)-11.1 %Interest expense – other18,088 2.1 %18,344 2.2 %(256)-1.4 %Other expense (income), net1,077 0.1 %2,246 0.3 %(1,169)-52.0 %Net loss before income tax benefit(19,397)-2.3 %(16,601)-1.9 %(2,796)16.8 %Income tax benefit(5,410)-0.6 %(4,122)-0.5 %(1,288)31.2 %Net loss(13,987)-1.6 %(12,479)-1.5 %(1,508)12.1 %Net (income) attributable to non-controlling interests — (119)Net loss attributable to non-controlling interests of One Water Marine Holdings, LLC1,648 1,459 Net loss attributable to OneWater Marine Inc.$(12,339)$(11,139)

Revenue

Overall, revenue increased by $7.0 million, or 0.8%, to $859.3 million for the six months ended March 31, 2025 from $852.3 million for the six months ended March 31, 2024. Revenue increased due to a slight increase in unit sales for the six months ended March 31, 2025 compared to the six months ended March 31, 2024. Overall the revenue increase was attributable to a $14.6 million increase in pre-owned boat sales and a $2.3 million increase in finance & insurance income for the six months ended March 31, 2025