Marinemax (HZO) FY2018 results: revenue $1.2 billion, up 11.9% on the year
Marinemax Inc. (HZO) reported revenue of $1.2 billion for fiscal 2018, the year ended 30 September 2018, up 11.9% on the year before. Net income was $39 million, up 67.0%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 29 November 2018.
Revenue
$1.2 billion
+11.9% on the year
FY2011FY2018
Operating margin
5.4%
4.3% a year earlier
FY2011FY2018
Net income
$39 million
+67.0% on the year
FY2011FY2018
Diluted EPS
$1.71
+80.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,177
1,052
942
+11.9%
Cost of revenue
879
787
716
+11.7%
Gross profit
298
265
226
+12.4%
Gross margin
25.3%
25.2%
24.0%
Selling, general and administrative
235
220
186
+6.8%
Operating income
63.2
45.3
40.3
+39.5%
Operating margin
5.4%
4.3%
4.3%
Interest expense
9.9
7.5
5.5
+32.4%
Pre-tax income
53.3
37.8
34.8
+40.9%
Income tax
14.0
14.3
12.2
-2.1%
Effective tax rate
26.2%
37.7%
35.1%
Net income
39.3
23.5
22.6
+67.0%
Net margin
3.3%
2.2%
2.4%
Diluted EPS
$1.71
$0.95
$0.91
+80.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
70.4
4.7
22.9
+1,384.0%
Capital expenditure
13.8
14.4
12.9
-3.9%
Free cash flow
56.6
-9.6
9.9
Free cash flow margin
4.8%
-0.9%
1.1%
Cash from investing
-23.3
-32.1
-29.7
Cash from financing
-40.2
30.7
12.9
Depreciation and amortisation
10.7
9.4
8.0
+14.0%
Share-based compensation
6.2
6.2
4.2
0.0%
Diluted shares, weighted
23m
25m
25m
-6.7%
Shares outstanding at period end
23m
22m
24m
+3.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
353
302
312
+16.8%
Short-term borrowings
n/a
254
167
Debt
213
0.0
0.0
Other liabilities
74.5
83.6
67.7
-10.9%
Total liabilities and equity
641
640
547
+0.1%
Fixed assets
139
127
121
+9.1%
Goodwill
27.4
25.9
9.9
+5.8%
Cash and equivalents
48.8
42.0
38.6
+16.4%
Receivables
34.0
24.7
24.6
+37.9%
Inventory
377
401
322
-6.0%
Other assets
14.5
19.0
30.3
-23.6%
Total assets
641
640
547
+0.1%
10-K for the year ended 30 September 2018, filed 29 November 2018: the filing.