On Jan. 25, 2007, MarineMax
- 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.
Find out why Fools always follow the money.
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.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.