MarineMax (HZO) Financials

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-1.45 (-6.13%)

$631.5 M

HZO Mkt cap, 14-Jun-2018

$507.5 M

MarineMax Revenue Q2, 2018

MarineMax Gross profit (Q2, 2018)128.5 M

MarineMax Gross profit margin (Q2, 2018), %25.3%

MarineMax Net income (Q2, 2018)10.4 M

MarineMax EBIT (Q2, 2018)19.6 M

MarineMax Cash, 31-Mar-201857.1 M

MarineMax EV873.6 M

MarineMax Financials

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	584.5 m	624.7 m	751.4 m	942.1 m	1.1 b
Revenue growth, %		7%	20%	25%
Cost of goods sold	433.6 m	462.9 m	566.6 m	716 m	787 m
Gross profit	150.9 m	161.8 m	184.8 m	226 m	265.3 m
Gross profit Margin, %	26%	26%	25%	24%	25%
General and administrative expense					220 m
Operating expense total					220 m
Depreciation and amortization					9.4 m
EBIT	18.3 m	15.4 m	25.3 m	40.3 m	45.3 m
EBIT margin, %	3%	2%	3%	4%	4%
Interest expense	4.2 m	4 m	4.5 m	5.5 m	7.5 m
Pre tax profit		11.4 m	20.9 m	34.8 m	37.8 m
Income tax expense	894 k	(91 k)	27.4 m	12.2 m	14.3 m
Net Income	15 m	11.3 m	48.3 m	22.6 m	23.5 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Revenue	109.6 m	136.6 m	214.4 m	158.1 m	172.1 m	231.8 m	169.5 m	199.6 m	345.6 m	226.9 m	245 m	329.8 m	236.9 m	507.5 m
Cost of goods sold	79.7 m	101.8 m	160.2 m	120.7 m	129.9 m	174.8 m	127.9 m	150.5 m	266.7 m	173.7 m	184 m	245 m	177.7 m	379 m
Gross profit	29.9 m	34.8 m	54.2 m	37.5 m	42.2 m	57 m	41.6 m	49 m	78.9 m	53.1 m	61.1 m	84.8 m	59.2 m	128.5 m
Gross profit Margin, %	27%	25%	25%	24%	25%	25%	25%	25%	23%	23%	25%	26%	25%	25%
General and administrative expense	32.3 m	35.7 m	41.7 m	36.1 m	40.6 m	41 m	39 m	43.5 m	54.3 m	47.1 m	54.8 m	59.6 m	50.2 m	108.9 m
Operating expense total	32.3 m	35.7 m	41.7 m	36.1 m	40.6 m	41 m	39 m	43.5 m	54.3 m	47.1 m	54.8 m	59.6 m	50.2 m	108.9 m
EBIT	(2.4 m)	(901 k)	12.6 m	1.4 m	1.6 m	16 m	2.7 m	5.6 m	24.6 m	6 m	6.3 m	25.2 m	9 m	19.6 m
EBIT margin, %	(2%)	(1%)	6%	1%	1%	7%	2%	3%	7%	3%	3%	8%	4%	4%
Interest expense	997 k	1.1 m	1.1 m	1.1 m	1.3 m	1.1 m	1.2 m	1.6 m	1.5 m	1.6 m	2 m	1.9 m	2.5 m	5.4 m
Pre tax profit		(2 m)		214 k	390 k	14.9 m	1.4 m	4 m	23.1 m	4.5 m	4.2 m	23.3 m	6.5 m	14.3 m
Income tax expense							547 k	1.6 m	9 m	1.8 m	1.5 m	9.1 m	2.2 m	3.9 m
Net Income	(3.4 m)	(2 m)	11.5 m	214 k	390 k	14.9 m	889 k	2.4 m	14.1 m	2.6 m	2.7 m	14.2 m	4.2 m	10.4 m

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	23.8 m	27.8 m	32.6 m	38.6 m	42 m
Accounts Receivable	19.4 m	12.5 m	18.5 m	24.6 m	24.7 m
Inventories	4.8 m	4.4 m	10.8 m	322 m	401.3 m
Current Assets	276.1 m	289 m	345.1 m	391.1 m	473.8 m
PP&E	100.3 m	101.9 m	99 m	121.4 m	127.2 m
Total Assets	381.9 m	402.7 m	467.6 m	546.7 m	640 m
Accounts Payable	7.5 m	7.8 m	13.5 m	9.6 m	26.4 m
Short-term debt	122.5 m	124.4 m	137.2 m	166.6 m	254.2 m
Current Liabilities	159.6 m	162.8 m	183.4 m	231.9 m	334.7 m
Long-term debt
Total Debt				166.6 m	254.2 m
Total Liabilities				234.2 m	337.8 m
Additional Paid-in Capital	221.7 m	227.9 m	234.5 m	241.1 m	250 m
Retained Earnings	15.9 m	27.1 m	75.4 m	103.2 m	126.8 m
Total Equity	221.8 m	239.3 m	283.6 m	312.5 m	302.2 m
Debt to Equity Ratio				0.5 x	0.8 x
Debt to Assets Ratio				0.3 x	0.4 x
Financial Leverage	1.7 x	1.7 x	1.6 x	1.7 x	2.1 x

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Cash	15.9 m	30.8 m	41.8 m	17.8 m	42.7 m	47.4 m	25.2 m	44 m	55.6 m	37.1 m	51.7 m	58.9 m	35.6 m	57.1 m
Accounts Receivable	13.7 m	24.2 m	24.2 m	17.6 m	23 m	23 m	15.9 m	31.9 m	27.3 m	23 m	36.9 m	41.7 m	28.7 m	35.8 m
Inventories	238.1 m	260.4 m	234.3 m	278.1 m	277 m	257.6 m	326.4 m	346.4 m	306.6 m	363.6 m	404.7 m	385.3 m	440.7 m	423.9 m
Current Assets	272.4 m	319.6 m	305 m	318.1 m	346.6 m	333 m	388.4 m	440.7 m	400.8 m	429.4 m	498.3 m	491.8 m	511.6 m	521.9 m
PP&E	100.2 m	100.5 m	101.9 m	108 m	108.1 m	106.3 m
Total Assets	378.1 m	425.7 m	412.3 m	431.9 m	460 m	444.5 m	510.6 m	575.2 m	545.8 m	586.1 m	673.1 m	661.3 m	676.9 m	690.2 m
Accounts Payable	4.1 m	9.8 m	13.4 m	4.6 m	11.9 m	11.5 m	8.7 m	27 m	19.3 m	9.5 m	24.9 m	25.6 m	10.4 m	17.9 m
Short-term debt	125.9 m	160.1 m	131 m	157.2 m	165.3 m	137.4 m	187.5 m	219 m	177 m	213.5 m	265.9 m	241.6 m	307.7 m	299.2 m
Current Liabilities	156.4 m	204.1 m	177.9 m	190.4 m	215.1 m	185.3 m	224.9 m	288.2 m	241.7 m	268.2 m	347.7 m	323.3 m	364.7 m	368.2 m
Total Debt	125.9 m	160.1 m	131 m	157.2 m	165.3 m	137.4 m	187.5 m	219 m	177 m	213.5 m	265.9 m	241.6 m	307.7 m	299.2 m
Total Liabilities	156.9 m	204.5 m	178.5 m	190.8 m	215.5 m	185.7 m	225.5 m	288.9 m	244.2 m	270.6 m	352.3 m	326.5 m	367.5 m	371.2 m
Additional Paid-in Capital	224.5 m	226.4 m	227.5 m	229.6 m	232.6 m	233.9 m	235.9 m	236.9 m	238.2 m	243.8 m	246.3 m	248.6 m	253.7 m	257 m
Retained Earnings	12.5 m	10.5 m	22 m	27.4 m	27.7 m	42.6 m	76.3 m	78.7 m	92.8 m	105.9 m	108.6 m	122.8 m	131 m	137.2 m
Total Equity	221.3 m	221.2 m	233.8 m	241.2 m	244.5 m	258.8 m	285.1 m	286.3 m	301.7 m	315.5 m	320.8 m	334.7 m	309.5 m	318.9 m
Financial Leverage	1.7 x	1.9 x	1.8 x	1.8 x	1.9 x	1.7 x	1.8 x	2 x	1.8 x	1.9 x	2.1 x	2 x	2.2 x	2.2 x

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	15 m	11.3 m	48.3 m	22.6 m	23.5 m
Depreciation and Amortization	6.8 m	7.3 m	7.9 m	8 m	9.4 m
Accounts Receivable	319 k	6 m	(5.9 m)	(5.4 m)	266 k
Inventories					5.8 m
Accounts Payable	(2.6 m)	612 k	5.7 m	(4.3 m)	16.8 m
Cash From Operating Activities	7.8 m	10.8 m	2.5 m	22.9 m	4.7 m
Purchases of PP&E	(9.8 m)	(9.2 m)	(9.7 m)	(12.9 m)	(14.4 m)
Cash From Investing Activities	(12.6 m)	(12.8 m)	(3.8 m)	(29.7 m)	(32.1 m)
Cash From Financing Activities	4.9 m	6.1 m	6 m	12.9 m	30.7 m
Interest Paid	4.4 m	3.9 m	4.5 m	6 m	8.5 m
Income Taxes Paid	330 k	58 k	88 k	855 k	457 k

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018	Q2, 2018
Net Income	(3.4 m)	(2 m)	11.5 m	214 k	390 k	14.9 m	889 k	2.4 m	14.1 m	2.6 m	2.7 m	4.2 m	10.4 m
Depreciation and Amortization												2.5 m	5.1 m
Accounts Receivable						23 m	15.9 m	31.9 m	27.3 m	23 m	36.9 m	(5 m)	(12.6 m)
Inventories												(39.4 m)	(20.1 m)
Accounts Payable						11.5 m	8.7 m	27 m	19.3 m	9.5 m	24.9 m	(16.1 m)	(8.5 m)
Cash From Operating Activities												(56.2 m)	(19.4 m)
Purchases of PP&E												(2.7 m)	(7.2 m)
Cash From Investing Activities												(2.5 m)	(8.5 m)
Cash From Financing Activities												52.3 m	43 m
Interest Paid												2.8 m	6.3 m
Income Taxes Paid													2.6 m