Last $18.68 USD
Change Today -0.08 / -0.43%
Volume 135.6K
As of 4:15 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

marinemax inc (HZO) Snapshot

Open
$18.70
Previous Close
$18.76
Day High
$18.93
Day Low
$18.64
52 Week High
09/11/14 - $19.37
52 Week Low
09/30/13 - $11.89
Market Cap
464.3M
Average Volume 10 Days
259.5K
EPS TTM
$0.27
Shares Outstanding
24.9M
EX-Date
--
P/E TM
70.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for MARINEMAX INC (HZO)

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marinemax inc (HZO) Details

MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and yachts; fishing boats; convertible yachts; motor yachts; jet boats; and ski boats. The company also offers marine parts and accessories that comprise marine electronics; dock and anchoring products consisting of boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, such as tubes, lines, wakeboards, and skies; engine parts; oils; lubricants; steering and control systems; corrosion control products; service products; high-performance accessories, including propellers and instruments; and a line of boating accessories comprising life jackets, inflatables, and water sports equipment. In addition, it provides marine engines and equipment; novelty items, such as shirts, caps, and license plates; and maintenance, repair, and slip and storage services. Further, the company offers new or used boat finance; arranges insurance coverage, including boat property, credit life, accident, disability, and casualty insurance coverage; assists in arranging extended service contracts; provides boat or yacht brokerage services; and conducts a yacht charter business. As of November 5, 2013, the company had 54 retail locations in Alabama, Arizona, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas; and operated vacations in Tortola, British Virgin Islands. MarineMax, Inc. also sells its products through offsite locations, print catalog, and the Internet. The company was founded in 1998 and is headquartered in Clearwater, Florida.

1,227 Employees
Last Reported Date: 12/6/13
Founded in 1998

marinemax inc (HZO) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $520.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $315.0K
Vice President, Assistant Secretary and Gener...
Total Annual Compensation: $250.0K
Vice President of East Operations
Total Annual Compensation: $175.0K
Vice President of West Operations
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2013.

marinemax inc (HZO) Key Developments

Marinemax Enters into Amendment to its Inventory Financing Agreement

On August 29, 2014, Marinemax Inc. entered into an amendment to its Inventory Financing Agreement (the "Credit Facility"), originally entered into on June 24, 2010, as subsequently amended, with GE Capital Commercial Distribution Finance Company. The August 29, 2014 amendment, among other things, increased the size of the facility by $30 million to $235 million and increased the borrowing availability against certain collateral. The amended Credit Facility has a three-year term, expiring on August 29, 2017, subject to extension for two one-year periods, with lender approval. Advances under the amended Credit Facility are initiated by the acquisition of eligible new and used inventory or are re-advances against eligible new and used inventory that have been partially paid-off. Advances on new inventory mature 1,080 days from the original invoice date. Advances on used inventory mature 361 days from the date the Company acquires the used inventory. Each advance is subject to a curtailment schedule, which requires that the Company pay down the balance of each advance on a periodic basis starting after six months. The curtailment schedule varies based on the type of inventory and the value of the inventory. The collateral for the amended Credit Facility is all of the Companys personal property with certain limited exceptions. None of the Companys real estate has been pledged as collateral for the amended Credit Facility.

Marinemax Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Marinemax Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. Revenue grew approximately 22% or $39.0 million to $214.4 million for the quarter ended June 30, 2014 compared with $175.8 million for the comparable quarter last year. Same-store sales increased approximately 22%, which is on top of a 16% growth in the comparable quarter last year. Income before taxes for the quarter ended June 30, 2014, was $11.5 million growing over 100% compared with $5.6 million for the comparable quarter last year, excluding the proceeds from the recovery. Net income was $11.5 million, or $0.47 per diluted share, for the quarter ended June 30, 2014 compared to a net income of $13.6 million, or $0.56 per diluted share, for the comparable quarter last year, which included the recovery. Comparative diluted earnings per share were $0.47 per diluted share for the quarter ended June 30, 2014 compared to $0.27 per diluted share for the quarter ended June 30, 2013, excluding the proceeds from the recovery. Income from operations was $12,554,000 against $13,760,000 a year ago. Revenue grew approximately 6% to $460.6 million for the nine months ended June 30, 2014 compared with $434.8 million for the comparable period last year. Same-store sales increased approximately 5%, on top of a 13% growth in the comparable period last year. The Company's net income for the nine months ended June 30, 2014 was $6.2 million, or $0.25 per diluted share, compared with a net income of $9.8 million, or $0.41 per diluted share, for the comparable period last year, which included the benefit from the Deepwater Horizon Settlement discussed above. Comparative diluted earnings per share were $0.25 per diluted share for the nine months ended June 30, 2014 compared to $0.12 per diluted share for the nine months ended June 30, 2013, excluding the proceeds from the recovery. Income before income tax benefit was $6,155,000 against $8,789,000 a year ago. Income from operations was $9,293,000 against $12,144,000 a year ago.

Marinemax Mulls Acquisitions

Marinemax Inc. (NYSE:HZO) is seeking acquisitions. Bill McGill, Chairman, Chief Executive Officer & President, said, "We continue to evaluate potential acquisition opportunities and will remain committed to only making them when the valuation is correct and they make sense for the long term."

 

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Company Last Change
Brunswick Corp/DE $44.37 USD +0.05
Marine Products Corp $8.23 USD +0.17
West Marine Inc $9.82 USD -0.03
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HZO

Industry Average

Valuation HZO Industry Range
Price/Earnings 40.5x
Price/Sales 0.7x
Price/Book 1.9x
Price/Cash Flow 41.0x
TEV/Sales 0.5x
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