Marinemax (HZO) FY2019 results: revenue $1.2 billion, up 5.1% on the year
Marinemax Inc. (HZO) reported revenue of $1.2 billion for fiscal 2019, the year ended 30 September 2019, up 5.1% on the year before. Net income was $36 million, down 8.5%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 3 December 2019.
Revenue
$1.2 billion
+5.1% on the year
FY2012FY2019
Operating margin
4.9%
5.4% a year earlier
FY2012FY2019
Net income
$36 million
-8.5% on the year
FY2012FY2019
Diluted EPS
$1.57
-8.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,237
1,177
1,052
+5.1%
Cost of revenue
914
879
787
+4.0%
Gross profit
323
298
265
+8.2%
Gross margin
26.1%
25.3%
25.2%
Selling, general and administrative
262
235
220
+11.6%
Operating income
60.5
63.2
45.3
-4.2%
Operating margin
4.9%
5.4%
4.3%
Interest expense
11.6
9.9
7.5
+16.9%
Pre-tax income
49.0
53.3
37.8
-8.1%
Income tax
13.0
14.0
14.3
-7.2%
Effective tax rate
26.5%
26.2%
37.7%
Net income
36.0
39.3
23.5
-8.5%
Net margin
2.9%
3.3%
2.2%
Diluted EPS
$1.57
$1.71
$0.95
-8.2%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-12.4
70.4
4.7
Capital expenditure
17.1
13.8
14.4
+23.6%
Free cash flow
-29.5
56.6
-9.6
Free cash flow margin
-2.4%
4.8%
-0.9%
Cash from investing
-56.3
-23.3
-32.1
Cash from financing
58.6
-40.2
30.7
Depreciation and amortisation
11.6
10.7
9.4
+8.7%
Share-based compensation
6.5
6.2
6.2
+4.6%
Diluted shares, weighted
23m
23m
25m
-0.6%
Shares outstanding at period end
21m
23m
22m
-5.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
369
353
302
+4.5%
Short-term borrowings
n/a
n/a
254
Debt
312
213
0.0
+46.5%
Other liabilities
103
74.5
83.6
+38.5%
Total liabilities and equity
784
641
640
+22.4%
Fixed assets
144
139
127
+4.0%
Goodwill
64.0
27.4
25.9
+133.6%
Cash and equivalents
38.5
48.8
42.0
-21.1%
Receivables
42.4
34.0
24.7
+24.7%
Inventory
477
377
401
+26.6%
Other assets
17.4
14.5
19.0
+19.8%
Total assets
784
641
640
+22.4%
10-K for the year ended 30 September 2019, filed 3 December 2019: the filing.