Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 49

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 the Board, the Company received fees from certain entities and individuals affiliated with the Company for goods and services. Total fees recorded under these arrangements were $0.6 million and $0.2 million for the three months ended March 31, 2025 and 2024, respectively, and $2.8 million and $1.3 million for the six months ended March 31, 2025 and 2024, respectively.In accordance with agreements approved by the Board, the Company made payments to certain entities and individuals affiliated with the Company for goods and services. Total payments recorded under these arrangements were $0.2 million for the six months end March 31, 2025. No payments were recorded under these arrangements for the three months ended March 31, 2025 or the three and six months ended March 31, 2024.In connection with transactions noted above, the Company owed $9.5 million and $6.0 million as recorded within accounts payable as of March 31, 2025 and September 30, 2024, respectively. Additionally, the Company had less than $0.1 million recorded within accounts receivable as of March 31, 2025. No amounts were recorded within accounts receivable as of September 30, 2024.In connection with the Tax Receivable Agreement, the Company owed $36.4 million and $36.2 million as recorded within current portion of tax receivable agreement liability and tax receivable agreement liability on the unaudited condensed consolidated balance sheets at March 31, 2025 and September 30, 2024, respectively. See further discussion of our Tax Receivable Agreement in Note 13.

17.    Segment Information

We report our operations through two reportable segments: (1) Dealerships and (2) Distribution. See Note 2 for more information about our segments.Reportable segment financial information for the three and six months ended March 31, 2025 and 2024 are as follows:

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As of and for the Three Months Ended March 31, 2025($ in thousands)DealershipsDistributionEliminationsTotalRevenue$446,422 $37,231 $(132)$483,521 Income (loss) from operations17,767 (1,471)(25)16,271   Depreciation and amortization3,597 2,574 — 6,171 Transaction costs376 1 — 377 Change in fair value