Marinemax (HZO) FY2020 results: revenue $1.5 billion, up 22.0% on the year
Marinemax Inc. (HZO) reported revenue of $1.5 billion for fiscal 2020, the year ended 30 September 2020, up 22.0% on the year before. Net income was $75 million, up 107.4%, and diluted earnings per share $3.37. The figures are the company's own, from the 10-K it filed with the SEC on 2 December 2020.
Revenue
$1.5 billion
+22.0% on the year
FY2013FY2020
Operating margin
7.1%
4.9% a year earlier
FY2013FY2020
Net income
$75 million
+107.4% on the year
FY2013FY2020
Diluted EPS
$3.37
+114.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,510
1,237
1,177
+22.0%
Cost of revenue
1,111
914
879
+21.5%
Gross profit
399
323
298
+23.5%
Gross margin
26.4%
26.1%
25.3%
Selling, general and administrative
292
262
235
+11.3%
Operating income
107
60.5
63.2
+76.3%
Operating margin
7.1%
4.9%
5.4%
Interest expense
9.3
11.6
9.9
-19.9%
Pre-tax income
97.4
49.0
53.3
+99.0%
Income tax
22.8
13.0
14.0
+75.9%
Effective tax rate
23.4%
26.5%
26.2%
Net income
74.6
36.0
39.3
+107.4%
Net margin
4.9%
2.9%
3.3%
Diluted EPS
$3.37
$1.57
$1.71
+114.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
305
-12.4
70.4
Capital expenditure
12.8
17.1
13.8
-24.9%
Free cash flow
292
-29.5
56.6
Free cash flow margin
19.3%
-2.4%
4.8%
Cash from investing
-30.1
-56.3
-23.3
Cash from financing
-158
58.6
-40.2
Depreciation and amortisation
12.8
11.6
10.7
+10.1%
Share-based compensation
7.5
6.5
6.2
+14.9%
Diluted shares, weighted
22m
23m
23m
-3.3%
Shares outstanding at period end
22m
21m
23m
+2.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
455
369
353
+23.5%
Debt
152
312
213
-51.2%
Operating lease liabilities
33.5
n/a
n/a
Other liabilities
134
103
74.5
+30.0%
Total liabilities and equity
775
784
641
-1.1%
Fixed assets
142
144
139
-1.6%
Goodwill
84.2
64.0
27.4
+31.6%
Cash and equivalents
155
38.5
48.8
+303.8%
Receivables
40.2
42.4
34.0
-5.2%
Inventory
298
477
377
-37.6%
Other assets
55.5
17.4
14.5
+218.7%
Total assets
775
784
641
-1.1%
10-K for the year ended 30 September 2020, filed 2 December 2020: the filing.