Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 60

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 — %214 — %(70)-32.7 %Restructuring and impairment234 — %— — %234 100.0 %Income from operations30,379 5.5 %39,999 7.4 %(9,620)-24.1 %Interest expense – floor plan7,340 1.3 %9,290 1.7 %(1,950)-21.0 %Interest expense – other9,041 1.6 %9,008 1.7 %33 0.4 %Other (income) expense, net(224)— %(1,357)-0.3 %1,133 -83.5 %Net income before income tax expense14,222 2.6 %23,058 4.3 %(8,836)-38.3 %Income tax expense3,507 0.6 %6,344 1.2 %(2,837)-44.7 %Net income10,715 1.9 %16,714 3.1 %(5,999)-35.9 %Net (income) attributable to non-controlling interests — — Net (income) attributable to non-controlling interests of One Water Marine Holdings, LLC— (2,031)Net income attributable to OneWater Marine Inc.$10,715 $14,683 

Revenue

Overall, revenue increased by $10.4 million, or 1.9%, to $552.9 million for the three months ended June 30, 2025 from $542.4 million for the three months ended June 30, 2024. Revenue increased due to an increase in average sales price for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. Overall, the revenue increase was attributable to a $19.1 million increase in pre-owned boat sales, partially offset by a $7.0 million decrease in new boat sales and a $1.5 million decrease in service, parts & other sales for the three months ended June 30, 2025 compared to the three months ended June 30, 2024.

New Boat Sales

New boat sales decreased by $7.0 million, or 2.1%, to $326.1 million for the three months ended June