MarineMax Q3 2024 Filing Released
Ticker: HZO · Form: 10-Q · Filed: Jul 25, 2024 · CIK: 1057060
Sentiment: neutral
Topics: 10-Q, financials, retail
TL;DR
MarineMax filed its Q3 2024 10-Q. Check financials.
AI Summary
MarineMax Inc. reported its third quarter results for the period ending June 30, 2024. The company's filing details various financial aspects, including sales revenue and common stock information. Specific dates mentioned include the reporting period of 2024-06-30 and prior periods like 2023-09-30 and 2022-12-31.
Why It Matters
This 10-Q filing provides investors with a detailed look at MarineMax's financial performance and position as of the third quarter of fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing contains information on product concentration risk and various debt facilities, indicating potential financial risks.
Key Numbers
- Q3 2024 — Reporting Period (The period covered by this 10-Q filing.)
- 0930 — Fiscal Year End (Indicates the end of MarineMax's fiscal year.)
Key Players & Entities
- MarineMax Inc. (company) — Filer of the 10-Q
- 2024-06-30 (date) — End of the reporting period
- 2023-09-30 (date) — Prior period date mentioned
- 2022-12-31 (date) — Prior period date mentioned
- hzo:LoanPayableToTransportSASDiTaulaVittorioAndCMember (financial_item) — Specific loan payable mentioned
- hzo:RevolvingMortgageFacilityWithFineMarkNationalBankTrustMember (financial_item) — Specific credit facility mentioned
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the quarter ended June 30, 2024.
What is MarineMax Inc.'s fiscal year end?
MarineMax Inc.'s fiscal year ends on September 30 (0930).
What are some of the specific financial items mentioned in the filing?
The filing mentions items such as us-gaap:SalesRevenueNetMember, us-gaap:ProductConcentrationRiskMember, hzo:RetailOperationsMember, and hzo:StorageAndCharterRentalsMember.
What specific debt facilities are referenced in the filing?
The filing references hzo:LoanPayableToTransportSASDiTaulaVittorioAndCMember and hzo:TermLoanMember, as well as the hzo:RevolvingMortgageFacilityWithFineMarkNationalBankTrustMember.
What is the SIC code for MarineMax Inc.?
The Standard Industrial Classification (SIC) code for MarineMax Inc. is 5531, which falls under RETAIL-AUTO & HOME SUPPLY STORES.
Filing Stats: 4,337 words · 17 min read · ~14 pages · Grade level 16.7 · Accepted 2024-07-25 16:00:25
Filing Documents
- hzo-20240630.htm (10-Q) — 2085KB
- hzo-ex10_1.htm (EX-10.1) — 119KB
- hzo-ex31_1.htm (EX-31.1) — 14KB
- hzo-ex31_2.htm (EX-31.2) — 14KB
- hzo-ex32_1.htm (EX-32.1) — 7KB
- hzo-ex32_2.htm (EX-32.2) — 7KB
- 0000950170-24-086479.txt ( ) — 10214KB
- hzo-20240630.xsd (EX-101.SCH) — 1360KB
- hzo-20240630_htm.xml (XML) — 2140KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited): Condensed Consolidated Statements of Operations for the Three and Nine Months Ended June 30, 2023 and 2024 3 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended June 30, 2023 and 2024 4 Condensed Consolidated Balance Sheets as of September 30, 2023 and June 30, 2024 5 Condensed Consolidated Statements of Shareholders' Equity for the Nine Months Ended June 30, 2023 and 2024 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended June 30, 2023 and 2024 8 Notes to Condensed Consolidated Financial Statements 9 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 4.
Controls and Procedures
Controls and Procedures 28
OTHER INFORMATION
PART II. OTHER INFORMATION 29 1.
Legal Proceedings
Legal Proceedings 29 1A.
Risk Factors
Risk Factors 29 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 3. Defaults Upon Senior Securities 29 4. Mine Safety Disclosures 29 5. Other Information 29 6. Exhibits 30
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
Financi al Statements
ITEM 1. Financi al Statements MARINEMAX, INC. AND SUBSIDIARIES Condensed Consolidated S tatements of Operations (Amounts in thousands, except share and per share data) (Unaudited) Three Months Ended Nine Months Ended June 30, June 30, 2023 2024 2023 2024 Revenue $ 721,844 $ 757,720 $ 1,800,111 $ 1,867,886 Cost of sales 478,036 515,621 1,168,497 1,259,885 Gross profit 243,808 242,099 631,614 608,001 Selling, general, and administrative expenses 169,227 181,072 465,128 506,574 Income from operations 74,581 61,027 166,486 101,427 Interest expense 14,798 18,229 37,562 55,968 Income before income tax provision 59,783 42,798 128,924 45,459 Income tax provision 15,455 11,085 34,685 11,452 Net income 44,328 31,713 94,239 34,007 Less: Net (loss) income attributable to non-controlling interests ( 88 ) 163 98 ( 60 ) Net income attributable to MarineMax, Inc. $ 44,416 $ 31,550 $ 94,141 $ 34,067 Basic net income per common share $ 2.03 $ 1.42 $ 4.31 $ 1.53 Diluted net income per common share $ 1.98 $ 1.37 $ 4.22 $ 1.48 Weighted average number of common shares used in computing net income per common share: Basic 21,885,400 22,268,758 21,831,350 22,254,619 Diluted 22,427,443 23,049,097 22,321,269 22,952,234 See accompanying Notes to Condensed Consolidated Financial Statements. 3 MARINEMAX, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Comprehensive Income (Amounts in thousands) (Unaudited) Three Months Ended Nine Months Ended June 30, June 30, 2023 2024 2023 2024 Net income $ 44,328 $ 31,713 $ 94,239 $ 34,007 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 120 ( 458 ) 6,430 1,161 Interest rate swap contract 114 ( 47 ) ( 137 ) ( 272 ) Total othe