Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 175

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 175
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31, 2024. The decrease was primarily attributable to the $2.4 million increase in income from operations, the $2.3 million decrease in other expense (income), net and the $1.0 million decrease in interest expense - floor plan, partially offset by the $1.7 million decrease in income tax benefit for the three months ended March 31, 2025 compared to the three months ended March 31, 2024. 

34

Results of Operations

Six Months Ended March 31, 2025, Compared to Six Months Ended March 31, 2024

For the Six Months Ended March 31, 2025For the Six Months Ended March 31, 2024$ Change % Change ($ in thousands)Amount % of Revenue Amount % of Revenue Revenues:New boat$557,497 64.9 %$568,390 66.7 %$(10,893)-1.9 %Pre-owned boat146,526 17.1 %131,931 15.5 %14,595 11.1 %Finance & insurance income24,403 2.8 %22,090 2.6 %2,313 10.5 %Service, parts & other130,909 15.2 %129,923 15.2 %986 0.8 %Total revenues859,335 100.0 %852,334 100.0 %7,001 0.8 %Gross ProfitNew boat87,159 10.1 %104,761 12.3 %(17,602)-16.8 %Pre-owned boat27,067 3.1 %27,802 3.3 %(735)-2.6 %Finance & insurance24,403 2.8 %22,090 2.6 %2,313 10.5 %Service, parts & other55,836 6.5 %57,152 6.7 %(1,316)-2.3 %Total gross profit194,465 22.6 %211,805 24.9 %(17,340)-8.2 %Selling, general and administrative expenses166,851 19.4 %166,110 19.5 %741 0.4 %Depreciation and amortization10,833