Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 16

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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3,704 Restructuring and impairment388 11,847 1,239 11,847 Income from operations16,271 13,855 14,298 20,326 Other expense (income):Interest expense – floor plan7,504 8,525 14,530 16,337 Interest expense – other9,100 9,192 18,088 18,344 Other expense (income), net190 2,493 1,077 2,246 Total other expense, net16,794 20,210 33,695 36,927 Net loss before income tax benefit(523)(6,355)(19,397)(16,601)Income tax benefit(148)(1,846)(5,410)(4,122)Net loss(375)(4,509)(13,987)(12,479)Net (income) attributable to non-controlling interests — — — (119)Net loss attributable to non-controlling interests of One Water Marine Holdings, LLC7 540 1,648 1,459 Net loss attributable to OneWater Marine Inc.$(368)$(3,969)$(12,339)$(11,139)Net loss per share of Class A common stock – basic$(0.02)$(0.27)$(0.80)$(0.77)Net loss per share of Class A common stock – diluted$(0.02)$(0.27)$(0.80)$(0.77)Basic weighted-average shares of Class A common stock outstanding15,96814,57915,39314,559Diluted weighted-average shares of Class A common stock outstanding15,96814,57915,39314,559

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Table of Content

ONEWATER MARINE INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In thousands)

(Unaudited)

For the Three Months EndedMarch 31,For the Six Months EndedMarch 31,2025202420252024Net loss$(375)$(4,509)$(13,987)$(12,479)Other comprehensive income (loss):  Foreign currency translation adjustment(21)4 (1)(5)Change in fair value of interest rate swaps, net of reclassification adjustment(3,776)— 3,513 — Income tax benefit (expense) associated with other comprehensive income items935