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

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 14,686,696 shares issued and outstanding as of December 31, 2024 and September 30, 2024, respectively148 147 Class B common stock, $0.01 par value, 10,000,000 shares authorized, 1,429,940 shares issued and outstanding as of December 31, 2024 and September 30, 202414 14 Additional paid-in capital203,267 202,921 Retained earnings147,654 159,625 Accumulated other comprehensive income (loss)3,694 (1,897)Total stockholders’ equity attributable to OneWater Marine Inc.354,777 360,810 Equity attributable to non-controlling interests28,841 29,943 Total stockholders’ equity383,618 390,753 Total liabilities and stockholders’ equity$1,611,546 $1,589,989  

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Table of Content

ONEWATER MARINE INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except per share data)

(Unaudited)

Three Months EndedDecember 31,20242023Revenues:New boat$247,997 $241,084 Pre-owned boat56,798 53,283 Finance & insurance income9,400 7,360 Service, parts & other61,619 62,286 Total revenues375,814 364,013 Cost of sales:New boat211,121 196,403 Pre-owned boat45,582 41,346 Service, parts & other35,057 34,821 Total cost of sales291,760 272,570 Selling, general and administrative expenses79,060 79,599 Depreciation and amortization5,315 4,222 Transaction costs559 579 Change in fair value of contingent consideration242 572 Restructuring and impairment851 — (Loss) income from operations(1,973)6,471 Other expense (income):Interest expense – floor plan7,026 7,812 Interest expense – other8,988 9,152 Other expense (income), net887 (247)Total other expense, net16,901 16,717 Net loss before income tax benefit(18,874)(10,246)Income tax benefit(5,262)(2,276)Net loss(13,612)(7