West Marine carries more than 110,000 products, ranging from the rope that started it all, to the latest in marine electronics. We strive to be the best supplier of boating-related products and services that provide outstanding value to every Customer. We will work to improve and protect marine habitats, reduce our impact on the environment, and promote boating.

Type
Public
HQ
Watsonville, US
Founded
1968
Size (employees)
1,850 (est)
West Marine was founded in 1968 and is headquartered in Watsonville, US
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West Marine Office Locations

West Marine has an office in Watsonville and Mechanicsburg
Watsonville, US (HQ)
500 Westridge Dr
Mechanicsburg, US
Reckitt Benckiser 360 Independence Ave
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West Marine Financials and Metrics

West Marine Financials

West Marine's revenue was reported to be $703.37 m in FY, 2016 which is a 0.2% decrease from the previous period.
USD

Revenue (Q2, 2017)

247.2 m

Gross profit (Q2, 2017)

90.3 m

Gross profit margin (Q2, 2017), %

36.5%

Net income (Q2, 2017)

21.2 m

EBIT (Q2, 2017)

36.1 m

Market capitalization (3-Sep-2017)

328.5 m

Cash (4-Feb-2018)

113.3 m
West Marine's current market capitalization is $328.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

663.2 m675.8 m704.8 m703.4 m

Revenue growth, %

2%4%0%

Cost of goods sold

502.8 m497.7 m

Gross profit

202 m205.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Revenue

193.4 m113.3 m236.5 m196.5 m194.4 m127.1 m253.2 m191.9 m130.4 m251.6 m129.1 m247.2 m

Cost of goods sold

138.5 m88.4 m154.2 m138.1 m138.1 m100.1 m162.4 m136.5 m97.5 m162.4 m96.1 m157 m

Gross profit

54.9 m24.9 m82.3 m58.4 m56.3 m27 m90.8 m55.4 m32.9 m89.2 m32.9 m90.3 m

Gross profit Margin, %

28%22%35%30%29%21%36%29%25%35%26%37%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

48.4 m45.7 m48.2 m76.1 m

Current Assets

282.3 m298.2 m301.7 m315.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Cash

69.9 m10.4 m38.9 m63.6 m60.5 m6.6 m44.2 m93.9 m22.4 m89.6 m47 m113.3 m

Accounts Receivable

7.9 m9.3 m11 m8.5 m8.6 m9.6 m10.7 m8.9 m9.1 m10.6 m9.1 m10.3 m

Current Assets

322.4 m297.2 m319.9 m309.3 m329.8 m311.4 m340.6 m351 m327.2 m373.5 m340.3 m388.4 m

PP&E

69.9 m74.9 m79.6 m80 m79 m81.9 m81.4 m80 m82 m80.5 m79.6 m77.8 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.8 m1.9 m4.5 m6.5 m

Depreciation and Amortization

15 m18.2 m20.7 m22.2 m

Accounts Payable

1.1 m10.8 m(7.9 m)5.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017

Net Income

6.3 m(11 m)18.3 m4.9 m4.9 m(10.3 m)20.9 m3.9 m(9.1 m)21.6 m(7.3 m)

Accounts Payable

50.2 m34.5 m38.2 m53.5 m53.2 m55.3 m66.9 m77.2 m63.2 m
USDY, 2017

Revenue/Employee

133.6 k

Financial Leverage

1.5 x
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West Marine Operating Metrics

West Marine's Stores was reported to be 250 in Q2, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Retail Space, sq ft

2.71 m2.56 m

Stores

279 274 273 265 254 261 258 256 253 250
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