OneWater Marine Inc. (ONEW) [Rocket]

In millions, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18
	10-K	10-K	10-K	10-K	10-K
Revenues:
Dealerships	1,609.0
Distribution	135.9
Total revenues	1,744.8	1,228.2	1,023.0	0.0	0.0
Revenue growth	42.1%	20.1%
Unit growth	37.1%	14.8%
Cost of goods sold	1,191.2	870.8	787.4	0.0	0.0
Gross profit	553.7	357.5	235.5	0.0	0.0
Gross margin	31.7%	29.1%	23.0%
Selling, general and administrative	302.1	199.0	143.6	4.0	1.7
Other operating expenses				-8.0	-3.4
EBITDA [+]	252.2	158.4	91.9	4.0	1.7
EBITDA growth	59.2%	72.3%	2209.1%	136.3%
EBITDA margin	14.5%	12.9%	9.0%
Depreciation	8.7	5.4	3.2	2.7	1.7
EBITA	243.6	153.0	88.7	1.3	0.0
EBITA margin	14.0%	12.5%	8.7%
Amortization of intangibles	7.6
EBIT [+]	235.9	153.0	88.7	1.3	0.0
EBIT growth	54.2%	72.5%	6723.1%
EBIT margin	13.5%	12.5%	8.7%
Non-recurring items [+]	18.1	4.1	10.4	1.3
Unusual expense	10.4	3.2	6.8
Interest expense	13.2	4.3	8.8
Interest expense	13.2	4.3	8.8
Other income (expense), net [+]	-8.8	-2.3	-14.6
Gain (loss) on debt retirement	-0.4		-6.6		-0.2
Change in fair value of warrants			-0.8	-1.3	33.2
Other	-3.8	0.2	0.0
Pre-tax income	195.8	142.2	54.8	0.0	0.0
Income taxes	43.2	25.8	6.3	0.0	0.0
Tax rate	22.1%	18.1%	11.5%
Minority interest	-3.0		-0.4
Net income	155.6	116.4	48.9	37.3	1.9
Net margin	8.9%	9.5%	4.8%

Basic EPS [+]	$11.21	$10.50	$7.83
Growth	6.8%	34.2%
Diluted EPS [+]	$10.85	$10.25	$7.77
Growth	5.9%	31.9%

Dividends per share [+]	$0.68	$2.89	$3.03
Growth	-76.4%	-4.4%

Shares outstanding (basic) [+]	13.9	11.1	6.2
Growth	25.2%	77.6%
Shares outstanding (diluted) [+]	14.3	11.4	6.3
Growth	26.2%	80.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.