Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 110

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 December 31, 2023

For the Three Months Ended December 31, 2024For the Three Months Ended December 31, 2023$ Change % Change ($ in thousands) Amount % of Revenue Amount % of Revenue Revenues:New boat$247,997 66.0 %$241,084 66.2 %$6,913 2.9 %Pre-owned boat56,798 15.1 %53,283 14.6 %3,515 6.6 %Finance & insurance income9,400 2.5 %7,360 2.0 %2,040 27.7 %Service, parts & other61,619 16.4 %62,286 17.1 %(667)-1.1 %Total revenues375,814 100.0 %364,013 100.0 %11,801 3.2 %Gross ProfitNew boat36,876 9.8 %44,681 12.3 %(7,805)-17.5 %Pre-owned boat11,216 3.0 %11,937 3.3 %(721)-6.0 %Finance & insurance9,400 2.5 %7,360 2.0 %2,040 27.7 %Service, parts & other26,562 7.1 %27,465 7.5 %(903)-3.3 %Total gross profit84,054 22.4 %91,443 25.1 %(7,389)-8.1 %Selling, general and administrative expenses79,060 21.0 %79,599 21.9 %(539)-0.7 %Depreciation and amortization5,315 1.4 %4,222 1.2 %1,093 25.9 %Transaction costs559 0.1 %579 0.2 %(20)-3.5 %Change in fair value of contingent consideration242 0.1 %572 0.2 %(330)-57.7 %Restructuring and impairment851 0.2 %— — %851 100.0 %(Loss) income from operations(1,973)-0.5 %6,471 1