NYSE$HZO

Marinemax Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record second quarter results driven by robust same-store sales increase and strong gross margins.

MarineMax reported a record fiscal 2021 second quarter with revenue increasing 70% to $523.1 million and diluted EPS increasing more than sevenfold to $1.69. Same-store sales grew over 45%. The company also raised its fiscal year 2021 guidance for earnings per diluted share to the range of $5.50 to $5.65.

  • Revenue increased 70% to over $523 million.
  • Same-store sales growth exceeded 45% driven by new unit growth.
  • Gross margin expanded to a record 30%.
  • Diluted EPS increased more than sevenfold to $1.69.

Headline financials

Total Revenue

$523M

Previous: $308M+69.6%
EPS (adj)

$1.69

Previous: $0.23+634.8%
Same-Store Sales Growth

45.0%

Previous: 1.0%+4400.0%
Gross Profit Margin

30.0%

No prior period
Capital Expenditures

-$12.1M

Previous: -$6.14M-97.7%
Free Cash Flow

$26.8M

Previous: -$1.07M+2605.4%
Net Income

$38.9M

Previous: $5.07M+668.7%
Operating Income

$52.9M

Previous: $9.72M+444.2%
Gross Profit

$157M

Previous: $78.8M+99.1%
Cash & Equivalents

$143M

Previous: $64.4M+121.9%
Total Assets

$925M

Previous: $873M+6.0%
Stock-Based Comp

$2.4M

Previous: $1.77M+35.3%

Revenue & EPS history

Marinemax · Revenue · Quarterly

$523M

Q2 2021+69.6%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Marinemax · $645M total across 2 segments · Q4 2023

  • Retail Operations
    $587M+15.4%
  • Product Manufacturing
    $57.3M+23.4%

Forward guidance

The Company is raising its fiscal year 2021 guidance for earnings per diluted share to the range of $5.50 to $5.65, which is increased from its previously provided guidance of $4.00 to $4.20 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 Q2 2021

Historical avgQ2 2021

+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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