MarineMax Inc. (HZO, Financial) filed Annual Report for the period ended 2009-09-30.
MarineMax, Inc. is a recreational boat dealer in the United States. Through retail locations, the company sells new and used recreational boats and fishing boats with a focus on premium brands in each segment. Marinemax Inc. has a market cap of $177.8 million; its shares were traded at around $8.19 with and P/S ratio of 0.3. Marinemax Inc. had an annual average earning growth of 8.7% over the past 10 years.
The U.S. recreational boating industry generated approximately $33.6 billion in retail sales in calendar 2008, including sales of new and used boats; marine products, such as engines, trailers, equipment, and accessories; and related expenditures, such as fuel, insurance, docking, storage, and repairs. Retail sales of new and used boats, engines, trailers, and accessories accounted for approximately $24.8 billion of these sales in 2008 based on industry data from the National Marine Manufacturers Association. The highly fragmented retail boating industry generally consists of small dealers that operate in a single market and provide varying degrees of merchandising, professional
During the nine-year period from the commencement of our operations through our fiscal year ended September 30, 2007, our revenue increased from $291 million to $1.2 billion. Our revenue and net income increased in seven of those nine years over the prior year revenue and net income. This period was marked by an increase in
Read the The complete ReportHZO is in the portfolios of Arnold Schneider of Schneider Capital Management, Chuck Royce of ROYCE & ASSOCIATES.
MarineMax, Inc. is a recreational boat dealer in the United States. Through retail locations, the company sells new and used recreational boats and fishing boats with a focus on premium brands in each segment. Marinemax Inc. has a market cap of $177.8 million; its shares were traded at around $8.19 with and P/S ratio of 0.3. Marinemax Inc. had an annual average earning growth of 8.7% over the past 10 years.
Highlight of Business Operations:
We commenced operations as a result of the March 1, 1998 acquisition of five previously independent recreational boat dealers. Since that time, we have acquired 20 additional previously independent recreational boat dealers, two boat brokerage operations, and two full-service yacht repair operations. We capitalize on the experience and success of the acquired companies in order to establish a new national standard of customer service and responsiveness in the highly fragmented retail boating industry. As a result of our emphasis on premium brand boats, our average selling price for a new boat in fiscal 2009 was approximately $133,000, an increase of approximately 5% from fiscal 2008, compared with the industry average calendar 2008 selling price of approximately $37,000 based on industry data published by the National Marine Manufacturers Association. Our stores, which operated at least 12 months, averaged approximately $11.3 million in annual sales in fiscal 2009. We consider a store to be one or more retail locations that are adjacent or operate as one entity. Our same-store sales decreased 28% in fiscal 2008 and 29% in fiscal 2009, but averaged an annual increase of approximately 11% for the preceding five years.The U.S. recreational boating industry generated approximately $33.6 billion in retail sales in calendar 2008, including sales of new and used boats; marine products, such as engines, trailers, equipment, and accessories; and related expenditures, such as fuel, insurance, docking, storage, and repairs. Retail sales of new and used boats, engines, trailers, and accessories accounted for approximately $24.8 billion of these sales in 2008 based on industry data from the National Marine Manufacturers Association. The highly fragmented retail boating industry generally consists of small dealers that operate in a single market and provide varying degrees of merchandising, professional
During the nine-year period from the commencement of our operations through our fiscal year ended September 30, 2007, our revenue increased from $291 million to $1.2 billion. Our revenue and net income increased in seven of those nine years over the prior year revenue and net income. This period was marked by an increase in
Read the The complete ReportHZO is in the portfolios of Arnold Schneider of Schneider Capital Management, Chuck Royce of ROYCE & ASSOCIATES.
