NYSE$HZO

Marinemax Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

MarineMax reported record first quarter results with revenue growth driven by strategic acquisitions and strong same-store sales.

MarineMax reported a record first quarter with revenue increasing by 15% to $472.7 million. Net income increased 52% to $35.9 million, and earnings per diluted share grew 53% to $1.59.

  • Revenue increased 15% to a record $472.7 million.
  • Same-store sales grew by 9%, driven by increased unit sales.
  • Net income increased 52% to $35.9 million.
  • Earnings per diluted share grew 53% to $1.59.

Headline financials

Total Revenue

$473M

Previous: $412M+14.9%
EPS (adj)

$1.59

Previous: $1.04+52.9%
Same-Store Sales Growth

9.0%

Previous: 20.0%-55.0%
Gross Profit Margin

35.0%

Previous: 30.0%+16.7%
Capital Expenditures

-$23.9M

Previous: -$7.05M-238.6%
Free Cash Flow

$12.1M

Previous: $16.6M-27.0%
Net Income

$35.9M

Previous: $23.6M+52.3%
Operating Income

$47.2M

Previous: $32M+47.6%
Gross Profit

$167M

Previous: $123M+35.5%
Cash & Equivalents

$216M

Previous: $121M+78.9%
Total Assets

$1.18B

Previous: $965M+21.8%
Stock-Based Comp

$3.26M

Previous: $2.01M+62.1%

Revenue & EPS history

Marinemax · Revenue · Quarterly

$473M

Q1 2022+14.9%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Marinemax · $489M total across 2 segments · Q1 2022

  • Retail Operations
    $455M
  • Product Manufacturing
    $34.2M

Forward guidance

The Company is raising its fiscal year 2022 guidance for earnings per diluted share to a range of $7.60 to $8.00, which is increased from its previously provided guidance of $7.20 to $7.50 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+3.8%

Avg return

5 days after

+6.1%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+31.3%

Q2 2018

Best reaction

-25.8%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.4%+1.7%+18.5%
Q1 2026-8.5%+15.0%+13.6%
Q4 2025-4.0%-3.6%+7.3%
Q3 2025-1.1%-0.0%-0.5%
Q2 2025+17.3%+14.2%+9.9%
Q1 2025+15.9%+8.4%-4.2%
Q4 2024-3.6%-2.6%+14.2%
Q3 2024+17.5%+13.5%+1.4%
Q2 2024-6.7%-9.2%-0.4%
Q1 2024-15.6%-15.8%-5.5%
Q4 2023-4.3%-4.7%+4.4%
Q3 2023-1.0%-0.4%-15.5%
Q2 2023+9.8%+5.5%+8.5%
Q1 2023-12.1%-9.9%-0.8%
Q4 2022+10.7%+14.5%+10.3%
Q3 2022-5.1%-13.6%-6.2%
Q2 2022+12.9%+20.0%+14.8%
Q1 2022+10.3%+13.6%+9.8%
Q4 2021+3.0%+7.1%+18.6%
Q3 2021+7.1%+2.4%-4.6%
Q2 2021+16.0%+26.2%+13.7%
Q1 2021-13.9%-12.4%-8.1%
Q4 2020+11.3%+10.1%+25.7%
Q3 2020-0.2%+4.2%+13.7%
Q2 2020+14.1%+19.1%+54.0%
Q1 2020+25.5%+21.5%+20.1%
Q4 2019-15.1%-14.2%-9.9%
Q3 2019+0.3%+2.6%-8.7%
Q2 2019-16.6%-12.8%-18.9%
Q1 2019-6.3%-7.8%-3.4%
Q4 2018+20.0%+30.9%+9.9%
Q3 2018-7.1%-7.9%+4.4%
Q2 2018+31.3%+29.1%+33.0%
Q1 2018+18.4%+15.9%+4.0%
Q4 2017+24.7%+33.9%+40.5%
Q3 2017-25.8%-26.8%-23.8%
Q2 2017-7.3%-7.3%-17.8%
Q1 2017+12.1%+9.9%+25.3%
Q4 2016-19.3%-21.8%-3.8%
Q3 2016+2.3%+2.1%-0.2%
Q2 2016+3.8%
Q1 2016+2.3%
Q4 2015+4.0%
Q3 2015-12.2%
Q2 2015-14.3%
Q1 2015+21.5%
Q4 2014+1.2%
Q3 2014+5.0%
Q2 2014+3.9%
Q1 2014-4.1%
Q4 2013+9.3%
Q3 2013+9.2%
Q2 2013-0.3%
Q1 2013-0.3%
Q4 2012-2.9%
Q3 2012-18.5%
Q2 2012+0.7%
Q1 2012-5.5%
Q2 2011-1.6%
Q4 2009-1.6%
Q4 2011-1.6%
Q4 2010-15.7%
Q3 2010-15.7%
Q3 2011-15.7%
Q1 2011+3.2%
Q2 2010+7.9%

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