MarineMax Q1 2025 Filing: Retail Focus
Ticker: HZO · Form: 10-Q · Filed: Jan 23, 2025 · CIK: 1057060
Sentiment: neutral
Topics: 10-Q, retail, maritime
TL;DR
MarineMax Q1 2025 filing shows retail ops focus, check numbers for details.
AI Summary
MarineMax Inc. reported its first quarter results for the period ending December 31, 2024. The company's filing indicates a focus on its retail operations, including new boat sales, and parts and accessories revenue. Specific financial figures for this quarter are not detailed in the provided snippet, but the filing pertains to the fiscal period that began on October 1, 2024.
Why It Matters
This filing provides insight into MarineMax's performance in its key retail segments during the first quarter of its fiscal year, impacting investor understanding of its current operational health.
Risk Assessment
Risk Level: medium — The filing mentions product concentration risk and secured debt, which can indicate potential financial vulnerabilities.
Key Numbers
- 2024-12-31 — Q1 2025 End Date (Reporting period for the current 10-Q filing.)
- 2023-12-31 — Q1 2024 End Date (End date of the comparable prior year quarter.)
- 2024-10-01 — Q1 2025 Start Date (Start date of the current reporting period.)
- 2023-10-01 — Q1 2024 Start Date (Start date of the comparable prior year quarter.)
Key Players & Entities
- MARINEMAX INC (company) — Filer
- 20241231 (date) — Conformed Period of Report
- 20250123 (date) — Filed as of Date
- 0001057060 (company) — Central Index Key
- 5531 (dollar_amount) — Standard Industrial Classification
- DE (company) — State of Incorporation
- 0930 (date) — Fiscal Year End
- 001-14173 (company) — SEC File Number
- 25550039 (dollar_amount) — Film Number
- 2600 MCCORMICK DRIVE (company) — Business Address Street 1
FAQ
What were MarineMax's primary revenue streams during the quarter ending December 31, 2024?
The filing highlights revenue from Retail Operations, including New Boat Sales, and Parts and Accessories.
What is the fiscal year end for MarineMax Inc.?
MarineMax Inc.'s fiscal year ends on September 30.
What is the filing date for this 10-Q report?
This 10-Q report was filed on January 23, 2025.
What SIC code is associated with MarineMax Inc.?
MarineMax Inc. is associated with SIC code 5531, which falls under Retail-Auto & Home Supply Stores.
Does the filing mention any specific debt facilities?
Yes, the filing references an 'Amended Credit Facility' in the context of the period from October 1, 2024, to December 31, 2024.
Filing Stats: 4,306 words · 17 min read · ~14 pages · Grade level 17.3 · Accepted 2025-01-23 16:00:23
Filing Documents
- hzo-20241231.htm (10-Q) — 1845KB
- hzo-ex10_1.htm (EX-10.1) — 136KB
- hzo-ex31_1.htm (EX-31.1) — 16KB
- hzo-ex31_2.htm (EX-31.2) — 16KB
- hzo-ex32_1.htm (EX-32.1) — 8KB
- hzo-ex32_2.htm (EX-32.2) — 8KB
- 0000950170-25-008305.txt ( ) — 9389KB
- hzo-20241231.xsd (EX-101.SCH) — 1283KB
- hzo-20241231_htm.xml (XML) — 1830KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited): Condensed Consolidated Statements of Operations for the Three Months Ended December 31, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Balance Sheets as of December 31, 2024 and September 30, 2024 5 Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8 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 20 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 25 4.
Controls and Procedures
Controls and Procedures 26
OTHER INFORMATION
PART II. OTHER INFORMATION 26 1.
Legal Proceedings
Legal Proceedings 26 1A.
Risk Factors
Risk Factors 26 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 3. Defaults Upon Senior Securities 27 4. Mine Safety Disclosures 27 5. Other Information 27 6. Exhibits 27
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 December 31, 2024 2023 Revenue $ 468,461 $ 527,274 Cost of sales 298,807 351,793 Gross profit 169,654 175,481 Selling, general, and administrative expenses 130,682 156,482 Income from operations 38,972 18,999 Interest expense 18,745 18,365 Income before income tax provision (benefit) 20,227 634 Income tax provision (benefit) 2,103 ( 211 ) Net income 18,124 845 Less: Net income (loss) attributable to non-controlling interests 58 ( 85 ) Net income attributable to MarineMax, Inc. $ 18,066 $ 930 Basic net income per common share $ 0.80 $ 0.04 Diluted net income per common share $ 0.77 $ 0.04 Weighted average number of common shares used in computing net income per common share: Basic 22,615,629 22,196,141 Diluted 23,385,374 22,809,017 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 December 31, 2024 2023 Net income $ 18,124 $ 845 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments ( 7,303 ) 3,226 Interest rate swap contract 83 ( 286 ) Total other comprehensive (loss) income, net of tax ( 7,220 ) 2,940 Comprehensive income 10,904 3,785 Comprehensive (loss) income attributable to non-controlling interests ( 532 ) 267 Comprehensive income attributable to MarineMax, Inc. $ 11,436 $ 3,518 See accompanying Notes to Condensed Consolidated Financial Statements. 4 MARINEMAX, INC. AND SUBSIDIARIES Condensed Consolida ted Balance Sheets (Amounts in thousands, except sha