On Jan. 25, 2007, MarineMax (NYSE:HZO) released its first-quarter earnings for the period ended Dec. 31, 2006.
- Revenues increased 29.6% driven by a 14% increase in the same-store sales.
- Operating margins went down 200 basis points because of an increased number of "team members" and higher marketing and promotional costs.
- Inventories increased 40.5% due to the acquisition of the Port Arrowhead Group and Surfside-3 Marina -- completed during the March 2006 quarter -- and the addition of the Cabo Yachts product line.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$234.7 |
$181.2 |
29.6% |
|
Net Profit |
($3.8) |
$0.7 |
N/A |
|
EPS |
($0.21) |
$0.04 |
N/A |
|
Diluted Shares |
18,287.8 |
18,525.8 |
(1.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
24.3% |
24.5% |
(0.2) |
|
Operating Margin |
0.1% |
2.1% |
(2.0) |
|
Net Margin |
(1.6%) |
0.4% |
(2.0) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$13.1 |
$10.6 |
23.4% |
|
Accounts Rec. |
$48.8 |
$26.5 |
84.2% |
|
Inventory |
$545.3 |
$388.1 |
40.5% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$15.6 |
$15.6 |
0.2% |
|
Long-Term Debt |
$31.5 |
$24.6 |
28.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Data not available.
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Related Companies:
- Marine Products (NYSE:MPX)
- Brunswick (NYSE:BC)
Related Foolishness:
Marine Products is a Motley Fool Hidden Gems recommendation. You can view the entire Hidden Gems scorecard with your free trial.
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