Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 77

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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iling items at an estimated effective tax rate.

Adjusted Net Income Attributable to OneWater Marine Inc. and Adjusted Diluted Earnings Per Share were $13.0 million and $0.79, respectively, for the three months ended June 30, 2025 compared to Adjusted Net Income Attributable to OneWater Marine Inc. and Adjusted Diluted Earnings Per Share of $15.5 million and $1.05, respectively, for the three months ended June 30, 2024. The decrease in Adjusted Net Income Attributable to OneWater Marine Inc. resulted from the decrease in gross profit and the increase in selling, general and administrative expenses, partially offset by the decrease in interest expense - floor plan for the three months ended June 30, 2025, as compared to the three months ended June 30, 2024. The decrease in Adjusted Diluted Earnings Per Share resulted from the decrease in Adjusted Net Income Attributable to OneWater Marine Inc.

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

Nine Months Ended June 30,Description20252024Change($ in thousands)Net (loss) income attributable to OneWater Marine Inc.$(1,624)$3,544 $(5,168)Transaction costs1,111 966 145 Intangible amortization6,437 5,743 694 Change in fair value of contingent consideration452 3,918 (3,466)Restructuring and impairment3,013 11,847 (8,834)Other expense (income), net853 889 (36)Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (1)(568)(2,103)1,535 Adjustments to income tax expense (2)(2,599)(4,890)2,291 Adjusted net income attributable to OneWater Marine Inc.$7,075 $19,914 $(12,839)Net (loss) income per share of Class A common stock - diluted$(0.10)$0.24 $(0.34)Transaction costs0.07 0.07 — Intangible amortization0.41 0.39 0.02 Change in fair value of contingent consideration0.03 0.26 (0.23)Restructuring and impairment0.19 0.80