On April 26, Marinemax
- Net revenue increased 13.5%, including a 2% rise in same-store sales.
- The company expects fully diluted EPS for fiscal 2007 to range from $0.45 to $0.65.
- Guidance for 2007 predicts flat-to-low single-digit growth in same store-sales, excluding any business interruption insurance for claims associated with Hurricane Wilma in 2006.
(Figures millions, except per-share data.)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Sales |
$326.1 |
$287.4 |
13.5% |
Net Profit |
$3.3 |
$8.6 |
(61.2%) |
EPS |
$0.17 |
$0.46 |
(63%) |
Diluted Shares |
19.0 |
18.8 |
1.5% |
Get back to basics with the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
22.5% |
23.9% |
(1.4) |
Operating Margin |
4% |
6.4% |
(2.4) |
Net Margin |
1% |
3% |
(2.0) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$23.5 |
$14.9 |
57.2% |
Accounts Rec. |
$65.3 |
$59.4 |
9.9% |
Inventory |
$548.0 |
$514.5 |
6.5% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Accounts Payable |
$21.9 |
$27.6 |
(20.5%) |
Long-Term Debt |
$30.3 |
$23.7 |
28% |
The balance sheet reflects the company's health.
Cash Flow Highlights
The cash flow statement must be stowed away with the life preservers. Management will dig it out in time to file with the SEC.
Free cash flow is a Fool's best friend.
Related Foolishness:
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