Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 111

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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.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 three months ended December 31, 2024 compared to the three months ended December 31, 2023.

New Boat Sales

New boat sales increased by $6.9 million, or 2.9%, to $248.0 million for the three months ended December 31, 2024 from $241.1 million for the three months ended December 31, 2023. The increase was primarily attributable to the increase in the unit sales resulting from the continued strategic