Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 48

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 discussed below may not be comparable to our future financial results. As we further implement controls, processes and infrastructure applicable to companies with publicly traded equity securities, including the integration of acquired companies, it is likely that we will incur additional selling, general, and administrative expenses relative to historical periods. Our future results will depend on our ability to efficiently manage our combined operations and execute our business strategy.

28

Results of Operations

Three Months Ended December 31, 2024, Compared to Three Months Ended December 31, 2023

For the Three Months Ended December 31, 2024For the Three Months Ended December 31, 2023$ Change % Change ($ in thousands) Amount % of Revenue Amount % of Revenue Revenues:New boat$247,997 66.0 %$241,084 66.2 %$6,913 2.9 %Pre-owned boat56,798 15.1 %53,283 14.6 %3,515 6.6 %Finance & insurance income9,400 2.5 %7,360 2.0 %2,040 27.7 %Service, parts & other61,619 16.4 %62,286 17.1 %(667)-1.1 %Total revenues375,814 100.0 %364,013 100.0 %11,801 3.2 %Gross ProfitNew boat36,876 9.8 %44,681 12.3 %(7,805)-17.5 %Pre-owned boat11,216 3.0 %11,937 3.3 %(721)-6.0 %Finance & insurance9,400 2.5 %7,360 2.0 %2,040 27.7 %Service, parts & other26,562 7.1 %27,465 7.5 %(903)-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