Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 129

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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,192 1.9 %(92)-1.0 %Other expense (income), net190 — %2,493 0.5 %(2,303)-92.4 %Net loss before income tax benefit(523)-0.1 %(6,355)-1.3 %5,832 -91.8 %Income tax benefit(148)— %(1,846)-0.4 %1,698 -92.0 %Net loss(375)-0.1 %(4,509)-0.9 %4,134 -91.7 %Net (income) attributable to non-controlling interests — — Net loss attributable to non-controlling interests of One Water Marine Holdings, LLC7 540 Net loss attributable to OneWater Marine Inc.$(368)$(3,969)

Revenue

Overall, revenue decreased by $4.8 million, or 1.0%, to $483.5 million for the three months ended March 31, 2025 from $488.3 million for the three months ended March 31, 2024. Revenue decreased due to a decrease in unit sales for the three months ended March 31, 2025 compared to the three months ended March 31, 2024. Overall, the revenue decrease was attributable to a $17.8 million decrease in new boat sales, partially offset by an $11.1 million increase in pre-owned boat sales and a $1.7 million increase in service, parts & other sales for the three months ended March 31, 2025 compared to the three months ended March 31, 2024.

New Boat Sales

New boat sales decreased by $17.8 million, or 5.4%, to $309.5 million for the three months ended March 31, 2025 from $327.3 million for the three months ended March 31, 2024. The decrease was primarily attributable to the decrease in the unit sales, partially offset by an increase in average sales price.

32

Pre-owned Boat Sales

Pre-owned boat sales increased by $11.1 million, or 14.1%, to $89.7 million for the three months ended March 31, 2025 from $78.6 million for the three months ended March 31, 2024. We sell a wide range of brands and sizes of pre-owned boats under different types of