The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. I am extremely proud of our team for successfully navigating through the pandemic and capitalizing on the ongoing changes in consumer behavior, while driving significant leverage in our operating model., Mr. McGill continued, As we enter our most active season, our large on-order backlog provides us with additional confidence for the balance of fiscal 2021, into fiscal 2022 and beyond. List of top Regensburg Companies - Crunchbase Hub Profile Percentage Non-Profit 1%. As a result of the current macroeconomic environment and ongoing supply chain challenges, same-store sales declined a modest 1% for the quarter, compared with an increase of 9% in the first quarter of 2022. Insiders. Perform minor engine and systems repairs and adjustments as needed. December 31, 2021 2020 Revenue: Retail Operations $ 454,618 $ . MARINEMAX, INC. : Stock Market News and Information - MarketScreener.com Sales and Marketing Senior Manager. MarineMax Reports Record Fiscal 2021 Second Quarter Results We are very proud of these outstanding achievements and believe this further demonstrates the resiliency and diversification of our higher margin platform that is benefitting from our global market presence, premium brands, valuable real estate locations, exceptional customer service, technology advancements, strategic acquisitions, and our unwavering commitment to build on our strong company culture. During the past several years, MarineMax has structurally enhanced its margin profile through a focused combination of acquisitions and organic initiatives that have expanded our footprint across high-growth areas of the marine industry, including marinas, finance and insurance, and superyacht services, Mr. McGill continued. We reserve the right to block IP addresses that submit excessive requests. Adjusted EBITDA1 for the quarter ended March 31, 2023 was $57.4 million, compared with $80.3 million for the same period last year. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. MarineMax Reports Fiscal 2023 First Quarter Results Revenue increased 7% to a record $507.9 million for the quarter ended December 31, 2022, from $472.7 million in the comparable period last year. investorrelations@marinemax.com, Internet Explorer presents a security risk. For more information, please visit www.marinemax.com. Expands Technology Investments . MarineMax Expands Financial Flexibility with New Credit Facilities to investorrelations@marinemax.com, Internet Explorer presents a security risk. We continue to balance prudent expense management with investments to generate sustained profitable growth. The recent completion of the IGY Marinas acquisition further strengthens our higher margin platform and resilient revenue streams for the future. Thank you for your interest in the U.S. Securities and Exchange Commission. Learn more about E-Verify, including your rights and responsibilities. Investors: Investors and other readers are encouraged to review the related GAAP financial measures and the above reconciliation and should consider these non-GAAP financial measures as a supplement to, and not as a substitute for or as a superior measure to, measures of financial performance prepared in accordance with GAAP. CLEARWATER, Fla., August 09, 2022 -- ( BUSINESS WIRE )--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat and yacht retailer, today announced the completion of $1.35 billion in. Number of Non-profit Companies 3. ", Mr. McGill continued, "While certain segments of our industry may begin to feel the effects of economic tightening, the premium segments which we operate within, historically have been far more resilient. ~Fourth Quarter Revenue Increases Over 16% to $537 Million~~Fourth Quarter Same-Stores Sales Growth Exceeds 11%~~Fourth Quarter Gross Margins of 36.7% Driven by Higher Margin Businesses~~Record Fourth Quarter Diluted Earnings Per Share of $1.73~~Record Fiscal 2022 Revenue Surpasses $2.3 Billion~~2022 Diluted Earnings Per Share of $8.84 or Adjusted $9.00 EPS Surpasses High End of Guidance Range~~Company Provides Annual Guidance for Fiscal 2023~. MarineMax, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023 Apr. One of Oaklins' teams in the USA served as the exclusive financial advisor to KCS International, Inc., the parent company of Cruisers Yachts, in its sale to MarineMax, Inc., the world's largest recreational boat and yacht retailer. Based on current business conditions, retail trends and other factors, as well as contributions from acquisitions closed in 2022, the Company is raising its fiscal year 2022 guidance for earnings per diluted share to a range of $8.05 to $8.45, which is increased from its previously provided guidance of $7.90 to $8.30 per diluted share. Included in the quarter ended September 30, 2022, is $4.8 million of expenses, or $0.17 per diluted share, net of tax, associated with Hurricane Ian related expenses. Represents amortization expense for acquisition-related intangible assets. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. MarineMax, Inc. is the largest recreational boat retailer in the United States, and the leading seller of Sea Ray, Boston Whaler, and other boats made by Brunswick Corporation, which makes up nearly 90 percent of the company's new boat sales and 75 percent of used boat sales, as well as brand names such as Hatteras and Supra ski boats. MarineMax is the worlds largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services, as well as providing yacht brokerage and charter services. To use this feature you must be a member. investorrelations@marinemax.com, Internet Explorer presents a security risk. The change in same store sales was primarily related to the on-going industry shortage of inventory, specifically larger product. Abbey Heimensen The Company believes these non-GAAP financial measures are key performance indicators that improve the period-to-period comparability of the Companys results and provide investors with more insight into, and an additional tool to understand and assess, the performance of the Company's ongoing core business operations. MarineMax Reports Record Fiscal 2022 Second Quarter Results 1. Thank you for your interest in the U.S. Securities and Exchange Commission. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Chief Financial Officer CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the worlds largest recreational boat and yacht retailer, today announced record results for its second quarter ended March 31, 2022. Condensed Consolidated Statements of Operations, (Amounts in thousands, except share and per share data), Selling, general, and administrative expenses. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which . Revenues from strategic acquisitions partially offset a decrease in boat sales that reflect a return to seasonality amid uncertain economic environment. The revenue growth overall was driven by continued strong demand for boating and our selective acquisitions with exceptional strategic growth results. Wholly owned subsidiary of FWW, LLC View source version on businesswire.com: https://www.businesswire.com/news/home/20221027005116/en/. Net income attributable to MarineMax, Inc. On July 9, 2021, MarineMax, Inc. and its subsidiaries (collectively, the "Company") amended and restated its Loan and Security Agreement (the "Amended Credit Facility"), originally entered into in May 2020 (the "Original Credit Facility"), with Wells Fargo Commercial Distribution Finance LLC, M&T Bank, Bank of the . Corporate Governance - Board of Directors - MarineMax, Inc Ex-21 To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Learn more at www.marinemax.com. Mr. McGill was the principal owner and president of Gulfwind USA, Inc., one of our operating subsidiaries, from 1973 until its merger with us. Based on current business conditions, retail trends and other factors, the Company is raising its fiscal year 2022 guidance for earnings per diluted share to a range of $7.90 to $8.30, which is increased from its previously provided guidance of $7.60 to $8.00 per diluted share. Whether made out of glass, PET or aluminum - Krones machines and lines process millions of bottles, cans and specially shaped bottles each day. This is the CFPB's first action addressing unlawful data handling practices in processing mortgage payments. Collectively, with the IGY acquisition, MarineMax owns or operates 57 marinas worldwide. MARINEMAX, INC. (Exact Name of Registrant As Specified in Its Charter) ~Record March Quarter Revenue Grows 70% to over $523 Million~, ~Same-Store Sales Growth Exceeds 45% Driven By New Unit Growth~, ~Gross Margin Expands to a Record 30% in the March Quarter~, ~Record March Quarter Diluted EPS Increases More Than Sevenfold to $1.69~. R+D Custom Automation, Inc. 11052 254th Court Trevor, WI 53179 USA. We are backed by one of the strongest balance sheets in the industry, which provides us increased flexibility to remain agile and take advantage of opportunities as they arise. Adjusted net income1 in the second quarter was $27.4 million, or $1.23 per diluted share, compared with $54.1 million, or $2.40 per diluted share, in the prior-year period. ~Raises Fiscal Year 2022 Guidance~. Revenue increased 17% to a record $610.1 million for the quarter ended March 31, 2022 from $523.1 million in the comparable period last year. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New Wave recently completed the acquisition of Boatzon, the industrys only 100% online boat and marine digital retail platform. MarineMax, Inc. | Encyclopedia.com Location Regensburg, Bayern, Germany. MarineMax has over 100 locations worldwide, including 79 retail dealership locations, which includes 33 marinas or storage operations. ~ Record December Quarter Revenue of $508 Million, Up 7% ~, ~ Record December Quarter Gross Margin of 36.8% ~, ~ Net Income of $19.7 Million, or $0.89 per Share; Adjusted Net Income of $27.3 Million, or $1.24 per Share ~, ~ Company to Host Q1 2023 Earnings Call at 10:00 a.m. Condensed Consolidated Statements of Operations, (Amounts in thousands, except share and per share data), Selling, general, and administrative expenses. MarineMax Reports Record Fiscal 2022 First Quarter Results For the six months ended March 31, 2022, revenue grew 16% to $1.083 billion compared with $934.6 million for the same period last year. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. ~Gross Margins Continue to Expand~ See below for an explanation and quantitative reconciliation of each non-GAAP financial measure. Director of Communications For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Mr. McGill served as the President of our company from January 1988 until September 2000 . We reserve the right to block IP addresses that submit excessive requests. Adjusted net income attributable to MarineMax, Inc. Possess adequate product knowledge to answer customer questions. Interest expense increased to $13.3 million in the second quarter from $0.7 million in the prior-year period, reflecting higher interest rates as well as the increase in long-term debt related to the IGY Marinas acquisition and increased inventory. ET today. Such forward-looking statements include the Company's momentum as it moves into the remainder of fiscal 2023, the Company's positioning for fiscal 2023 and beyond, the Company's execution of its strategic plan, and the Companys fiscal year 2023 guidance. Net income and earnings per diluted share increased more than fourfold for the six months ended March 31, 2021 to $62.5 million, and $2.73 per diluted share, respectively. KeyTrac's Competitors, Revenue, Number of Employees, Funding Exhibit 21. MARINEMAX, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Amounts in thousands, except share and per share data) (Unaudited) Three Months Ended December 31, 2017 2018 Revenue $ 236,921 $ 241,937 Cost of sales 177,672 178,459 Gross profit 59,249 63,478 . Mike McLamb Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. Learn more about E-Verify, including your rights and responsibilities. At March 31, 2021, the Companys financial capacity, consisting of cash and cash equivalents, along with available borrowings under its credit facilities, exceeded $350 million. Revenue growth benefitted from contributions of recent strategic acquisitions, as same-store sales declined 5% versus an increase of 6% a year ago and a 43% increase over the prior two-comparable periods. Change in fair value of contingent consideration. Mr. McGill served as the President of our company from January 1988 until September 2000 and reassumed the position in July 2002 and relinquished the title on October 2017. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. SGS Acquires a Majority Stake in Nutrasource Pharmaceutical and Land comprises 29% of the earths surface. . MARINEMAX INC - HZO Annual Report (10-K) SUBSIDIARIES - EDGAR Online Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Abbey Heimensen In addition, we have not reconciled our fiscal year 2023 Adjusted earnings and Adjusted EBITDA guidance to net income (the corresponding GAAP measure for each), which is not accessible on a forward-looking basis due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to acquisition contingent consideration and acquisition costs. We anticipated two years ago that boating would be one of the beneficiaries of a changed world. ~Raises Fiscal Year 2022 Guidance~. CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the worlds largest recreational boat, yacht, and superyacht services company, today announced results for its fiscal second quarter ended March 31, 2023. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. MARINEMAX INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q) Jan. 31. MarineMax, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Amounts in thousands, except share and per share data) (Unaudited) Three Months Ended March 31, Six . MarineMax, Inc. and Subsidiaries. These risks, assumptions and uncertainties include the Companys abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Companys manufacturing partners, the performance of the recently-acquired businesses, the impacts (direct and indirect) of COVID-19 on the Companys business, the Companys employees, the Companys manufacturing partners, and the overall economy, general economic conditions, as well as those within the Company's industry, the level of consumer spending, potential supply chain constraints and numerous other factors identified in the Companys Form 10-K for the fiscal year ended September 30, 2020 and other filings with the Securities and Exchange Commission. Acquisition contingent consideration and acquisition costs, which are likely to be significant to the calculation of net income, are affected by the integration and post-acquisition performance of our acquirees, which is difficult to predict and subject to change. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. PU MarineMax: Fiscal Q1 Earnings Snapshot Jan. 26. (Please see the Companys fiscal 2020 earnings release dated October 28, 2020 for a reconciliation of this non-GAAP figure to the applicable GAAP figure) These expectations do not consider, or give effect for, material acquisitions that may be completed by the Company during fiscal 2021 or other unforeseen events, including changes in global economic conditions. Condensed Consolidated Statements of Operations, (Amounts in thousands, except share and per share data), Selling, general, and administrative expenses, Less: Net (loss) income attributable to non-controlling interests. Net income for the quarter ended September 30,. This growth was despite the difficulties presented by Hurricane Ian which impacted the Companys largest market, Florida. This compares to net income of $62.5 million, or $2.73 per diluted share, in the same period last year. Company MarineMax, Inc. is a recreational boat and yacht retailer in the United States. For more information, please visit www.marinemax.com. The Company is engaged in the retail sale, brokerage, and service of new and used boats, motors, trailers, marine parts, and accessories and offers slip and storage accommodations in certain locations. (Filed With SEC on November 19, 2021) Stock Purchase Agreement, dated May 2, 2021, by and between Kenneth C. Stock, Georgia Stock and the Kenneth C. Stock and Georgia . This strategy produced another quarter of record gross margins and profits, driving sustained profitability by focusing on higher margin businesses., Mr. McGill continued, Business accelerated as we moved through the quarter, supported by unit growth year-over-year as we effectively worked to overcome ongoing supply chain challenges and the weather-related delay to the start of the Midwest boating season. Yes, it sounds bold. MarineMax Significantly Expands Global Marina Business with the Closing C onducts periodic training with technical team. Excluding Hurricane Ian related expenses, net income rose 30% to $201.6 million or $9.00 per diluted share for the year ended September 30, 2022. The growth was driven by an increase in comparable new units sold driven by the strong demand for boating. Chief Financial Officer MarineMax, Inc. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. Based on current business conditions, retail trends, and other factors, the Company currently expects earnings per diluted share to be in the range of $7.90 to $8.40 for fiscal 2023, including the recently announced IGY Marinas acquisition. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. MarineMax, Inc. Platinum Group Metals Ltd. Engages The Battery Innovation Center (BIC) for Testing and Scale-Up of PGM Based Lithium-Sulfur and Lithium-Ion Battery Chemistries Developed by Subsidiary Lion Battery . This compares to non-GAAP adjusted diluted earnings per share of $9.00 in fiscal 2022. MarineMax, Inc. is a recreational boat and yacht retailer in the United States. AQ MarineMax : First Quarter 2023 Investor Presentation Jan. 26. MarineMax, Inc. | Business Contracts | Justia Total shareholders equity attributable to MarineMax, Inc. Total liabilities and shareholders equity, Elimination of intersegment income from operations, Change in fair value of contingent consideration (3), Gain on acquisition of equity investment (4), Tax adjustments for items noted above (5). I am extremely proud of our teams execution as we extend our long record of producing meaningful same-store sales growth, even on top of significant compares, while executing on our balanced growth strategy., Mr. McGill continued, As we enter our most active season, our demand and backlog provides us with continued confidence for the balance of fiscal 2022 and beyond. MarineMax has over 120 locations worldwide, including 78 retail dealership locations, some of which include marinas. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Acquisition costs relate to acquisition transaction costs in the period. The company, born . 1 This is a non-GAAP measure. We delivered strong top-line growth, record December quarter gross margin, strong positive cash flows and Adjusted EBITDA, reflecting the strength of our premium brands and the addition of IGY Marinas to our portfolio. Net income for the nine months ended June 30, 2022, rose to $159.6 million, with earnings per diluted share rising over 33% to $7.11, compared with $122.2 million, or $5.33 per diluted share for the comparable period last year. MARINEMAX, INC. Equities HZO US5679081084 Add to a list. 1001 and 1030). Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Note: We do not offer technical support for developing or debugging scripted downloading processes. Name : State or Jurisdiction of. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). Cruisers Yachts has been acquired by MarineMax About MarineMax MarineMax, Inc. News. About us - Krones Segment Financial Information (Amounts in thousands) (Unaudited) Three Months Ended Six Months Ended March 31, March 31, 2023 2022 . View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005806/en/, Investors:Mike McLambChief Financial OfficerMarineMax, Inc.727-531-1700Scott Solomon or Laura ResagSharon Merrill Associates, Inc.investors@marinemax.com Media:Katherine CooperDirector of CommunicationsMarineMax, Inc.press@marinemax.com, https://www.businesswire.com/news/home/20230125005806/en/, Joseph Pedott, marketing 'legend' behind Chia Pet and the Clapper, dies at 91, The Supreme Court Just Gave Democrats a New 2024 Rallying Cry, UPDATE 1-Chinese military delegation visited UK, France - ministry, Florida law limiting foreign real estate investors 'borders on redlining', UPDATE 1-France's Macron postpones state visit to Germany amid domestic crisis. Our exceptional customer service, affirmed by our record Net Promotor customer satisfaction levels, has resulted in many of our existing customers upgrading to larger and newer boats. Note: We do not offer technical support for developing or debugging scripted downloading processes. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Acquisition costs relate to acquisition transaction costs in the period. JPMorgan Chase is fined by SEC after mistakenly deleting 47 million In addition to the IGY acquisition, we also expanded with Midcoast Marine Enterprises, while also growing on the technology front, through the formation of a new business, New Wave Innovations. SGS acquires a majority stake in Nutrasource Pharmaceutical and Nutraceutical Services Inc. and its subsidiaries ("Nutrasource"). Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. The Company also owns Boatyard, an industry-leading customer experience digital product company. MarineMax, Inc. Delaware Delaware Avlease, LLC . These expectations do not consider, or give effect for, material acquisitions that may be completed by the Company during fiscal 2022, or other unforeseen events, including changes in global economic conditions. CI Tranche Update on MarineMax, Inc.'s Equity Buyback Plan announced on March 16, 2020. . Revenue in the fiscal 2023 second quarter was down 7% to $570.3 million from record March quarter revenue of $610.1 million in the comparable period last year. Financial Statements (Unaudited): Condensed Consolidated Statements of Operations for the Three Months Ended December 31, 2020 and 2021 3 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended December 31, 2020 and 2021 4 MARINEMAX, INC. : Stock Market News and Information - MarketScreener.com