Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 142

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 2
Chunk 142
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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 1.8 %(8,444)-130.5 %Interest expense – floor plan7,026 1.9 %7,812 2.1 %(786)-10.1 %Interest expense – other8,988 2.4 %9,152 2.5 %(164)-1.8 %Other expense (income), net887 0.2 %(247)-0.1 %1,134 -459.1 %Net loss before income tax benefit(18,874)-5.0 %(10,246)-2.8 %(8,628)84.2 %Income tax benefit(5,262)-1.4 %(2,276)-0.6 %(2,986)131.2 %Net loss(13,612)-3.6 %(7,970)-2.2 %(5,642)70.8 %Net (income) attributable to non-controlling interests — (119)Net loss attributable to non-controlling interests of One Water Marine Holdings, LLC1,641 919 Net loss attributable to OneWater Marine Inc.$(11,971)$(7,170)

Revenue

Overall, revenue increased by $11.8 million, or 3.2%, to $375.8 million for the three months ended December 31, 2024 from $364.0 million for the three months ended December 31, 2023. Revenue increased due to same-store sales growth of