Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 40

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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, the Company owed $36.2 million as recorded within current portion of tax receivable agreement liability and tax receivable agreement liability on the unaudited condensed consolidated balance sheets at December 31, 2024 and September 30, 2024. See further discussion of our Tax Receivable Agreement in Note 14.

18.    Segment Information

We report our operations through two reportable segments: (1) Dealerships and (2) Distribution. See Note 2 for more information about our segments.Reportable segment financial information for the three months ended December 31, 2024 and 2023 are as follows:As of and for the Three Months Ended December 31, 2024($ in thousands)DealershipsDistributionEliminationsTotalRevenue$347,670 $28,189 $(45)$375,814 Income (loss) from operations3,020 (4,981)(12)(1,973)  Depreciation and amortization3,489 2,548 — 6,037 Transaction costs512 47 — 559 Change in fair value of contingent consideration242 — — 242 Restructuring and impairment1,156 742 — 1,898   Total assets1,391,436 220,120 (10)1,611,546 As of and for the Three Months Ended December 31, 2023($ in thousands)DealershipsDistributionEliminationsTotalRevenue$331,607 $32,466 $(60)$364,013 Income (loss) from operations6,943 (465)(7)6,471 Depreciation and amortization2,902 2,003 — 4,905 Transaction costs440 139 — 579 Change in fair value of contingent consideration572 — — 572 Restructuring and impairment— — — — Total assets1,445,553 247,553 (33)1,693,073 

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Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Unless the context requires otherwise, references in this report to the “Company,” “we,” “us,” and “our” refer to OneWater Marine Inc. and its consolidated subsidiaries. The following discussion and analysis should be read in conjunction with