West Marine

OverviewSuggest Edit

West Marine is a specialty retailer of boating supplies, gear, apparel, footwear, and other water life-related products. The company offers core boating products that comprise maintenance, electronics, sailboat hardware, anchors, docking, moorings, engine systems, safety, electrical, plumbing, boats/outboards, ventilation, deck hardware/fasteners, navigation, trailering, seating, boat covers, and barbecues and appliances.

TypePrivate
Founded1968
HQWatsonville, CA, US
Websitewestmarine.com
Employee Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Apr 2021)1,532(+2%)
Job Openings6
Revenue (FY, 2016)$703.4 M
Share Price (Jul 2017)$12.8
Cybersecurity ratingDMore

Key People/Management at West Marine

Ken Seipel

Ken Seipel

Chief Executive Officer
Barry Kelley

Barry Kelley

Senior Vice President: Stores & Pro
Ron Baime

Ron Baime

Senior Vice President, Chief Merchandise Officer
Bryan Venberg

Bryan Venberg

Chief People Officer & Logistics
Cristina Kochevar

Cristina Kochevar

Vice President, Merchandising
Joe Pulford

Joe Pulford

Vice President, Finance & Strategies
Show more

West Marine Office Locations

West Marine has offices in Watsonville and Rock Hill
Watsonville, CA, US (HQ)
500 Westridge Dr
Rock Hill, SC, US
860 Marine Dr
Show all (2)

West Marine Financials and Metrics

Summary Metrics

Founding Date

1968
Show all financial metrics

West Marine Revenue

West Marine's revenue was reported to be $703.37 m in FY, 2016
USD

Revenue (Q2, 2017)

247.2m

Gross profit (Q2, 2017)

90.3m

Gross profit margin (Q2, 2017), %

36.5%

Net income (Q2, 2017)

21.2m

EBIT (Q2, 2017)

36.1m

Cash (7-Jan-2017)

113.3m
Annual
USDFY, 2016

Revenue

703.4m

Cost of goods sold

497.7m

Gross profit

205.7m
Quarterly
USDQ1, 2017Q2, 2017

Revenue

129.1m247.2m

Cost of goods sold

96.1m157.0m

Gross profit

32.9m90.3m

Gross profit Margin, %

26%37%
Annual
USDFY, 2017

Cash

76.1m

Accounts Receivable

6.4m

Inventories

212.1m

Current Assets

315.2m
Quarterly
USDQ1, 2017Q2, 2017

Cash

47.0m113.3m

Accounts Receivable

9.1m10.3m

Inventories

257.4m243.4m

Current Assets

340.3m388.4m
Annual
USDFY, 2016

Net Income

6.5m

Depreciation and Amortization

22.2m

Inventories

8.5m

Accounts Payable

5.9m
Quarterly
USDQ1, 2017Q2, 2017

Net Income

(7.3m)14.0m

Depreciation and Amortization

5.8m11.6m

Inventories

(46.3m)(32.4m)

Accounts Payable

31.6m41.1m
USDFY, 2016

Revenue/Employee

367.5k

Financial Leverage

1.3 x
Show all financial metrics

West Marine Operating Metrics

West Marine's Stores was reported to be 236 in Nov, 2020.
FY, 2016Q1, 2018Q2, 2018Nov, 2020

Items in Catalogue

318

New Products

22

Product Categories

17

Stores

254253250236
Show all operating metrics

West Marine Revenue Breakdown

Embed Graph

West Marine revenue breakdown by business segment: 76.5% from Core boating products and 23.5% from Merchandise expansion products

West Marine Cybersecurity Score

Cybersecurity ratingPremium dataset

D

63/100

SecurityScorecard logo

West Marine Online and Social Media Presence

Embed Graph

West Marine Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    B

    74/100

  • Compensation

    C+

    67/100

  • Diversity

    B+

    78/100

Learn more on Comparably

West Marine News and Updates

Monomoy completes West Marine acquisition for about $337 mln

Monomoy Capital Partners has closed its previously announced acquisition of West Marine, a retailer of boating supplies and accessories, for $12.97 per share or about $337 million. Jefferies LLC advised Monomoy on the deal while Bank of America and Pathlight Capital provided financing for the transa…

Monomoy to buy retailer West Marine for $12.97 per share

Monomoy Capital Partners has agreed to acquire West Marine, a retailer of boating gear, apparel, footwear and other waterlife-related products, for $12.97 per share in cash. The deal is expected to close in the third quarter of this year. Guggenheim Securities served as financial adviser to West Mar…

West Marine Frequently Asked Questions

  • When was West Marine founded?

    West Marine was founded in 1968.

  • Who are West Marine key executives?

    West Marine's key executives are Ken Seipel, Barry Kelley and Ron Baime.

  • How many employees does West Marine have?

    West Marine has 1,532 employees.

  • What is West Marine revenue?

    Latest West Marine annual revenue is $703.4 m.

  • What is West Marine revenue per employee?

    Latest West Marine revenue per employee is $459.1 k.

  • Who are West Marine competitors?

    Competitors of West Marine include Fishing Republic, Industrial Revolution and CENTER SPARE PARTS.

  • Where is West Marine headquarters?

    West Marine headquarters is located at 500 Westridge Dr, Watsonville.

  • Where are West Marine offices?

    West Marine has offices in Watsonville and Rock Hill.

  • How many offices does West Marine have?

    West Marine has 2 offices.