Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 49

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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.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 4.2%, driven by an increase in unit sales for the three months ended December 31, 2024 compared to the three months ended December 31, 2023, as part of our strategic inventory management and operational execution. Overall the revenue increase was attributable to a $6.9 million increase in new boat sales, a $3.5 million increase in pre-owned boat sales and a $2.0 million increase in finance & insurance income for the