Marinemax (HZO) FY2017 results: revenue $1.1 billion, up 11.7% on the year
Marinemax Inc. (HZO) reported revenue of $1.1 billion for fiscal 2017, the year ended 30 September 2017, up 11.7% on the year before. Net income was $24 million, up 4.3%, and diluted earnings per share $0.95. The figures are the company's own, from the 10-K it filed with the SEC on 29 November 2018.
Revenue
$1.1 billion
+11.7% on the year
FY2010FY2017
Operating margin
4.3%
4.3% a year earlier
FY2010FY2017
Net income
$24 million
+4.3% on the year
FY2010FY2017
Diluted EPS
$0.95
+4.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,052
942
751
+11.7%
Cost of revenue
787
716
567
+9.9%
Gross profit
265
226
185
+17.4%
Gross margin
25.2%
24.0%
24.6%
Selling, general and administrative
220
186
159
+18.4%
Operating income
45.3
40.3
25.3
+12.5%
Operating margin
4.3%
4.3%
3.4%
Interest expense
7.5
5.5
4.5
+37.0%
Pre-tax income
37.8
34.8
20.9
+8.7%
Income tax
14.3
12.2
-27.4
+16.8%
Effective tax rate
37.7%
35.1%
-131.3%
Net income
23.5
22.6
48.3
+4.3%
Net margin
2.2%
2.4%
6.4%
Diluted EPS
$0.95
$0.91
$1.92
+4.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
4.7
22.9
3.1
-79.2%
Capital expenditure
14.4
12.9
9.7
+11.3%
Free cash flow
-9.6
9.9
-6.7
Free cash flow margin
-0.9%
1.1%
-0.9%
Cash from investing
-32.1
-29.7
n/a
Cash from financing
30.7
12.9
n/a
+138.9%
Depreciation and amortisation
9.4
8.0
7.9
+17.6%
Share-based compensation
6.2
4.2
3.0
+47.1%
Diluted shares, weighted
25m
25m
25m
-0.6%
Shares outstanding at period end
22m
24m
24m
-9.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
302
312
284
-3.3%
Short-term borrowings
254
167
137
+52.6%
Debt
0.0
0.0
0.0
Other liabilities
83.6
67.7
46.8
+23.6%
Total liabilities and equity
640
547
468
+17.1%
Fixed assets
127
121
99.0
+4.8%
Goodwill
25.9
9.9
0.8
+161.6%
Cash and equivalents
42.0
38.6
32.6
+8.7%
Receivables
24.7
24.6
18.5
+0.3%
Inventory
401
322
274
+24.6%
Other assets
19.0
30.3
42.9
-37.2%
Total assets
640
547
468
+17.1%
10-K for the year ended 30 September 2017, filed 29 November 2018: the filing.