Financial Data and Key Metrics Changes - Fiscal 2024 revenue increased approximately 2% from the prior year to $2.4 billion, with a 1% increase in comparable store sales [9][21] - Fourth quarter revenue was approximately $563 million, reflecting a 5% decline in same-store sales due to Hurricane Helene [17][21] - Adjusted net income for the quarter was $5.5 million or $0.24 per diluted share, compared to $15.8 million or $0.69 per diluted share last year [21] - Full-year adjusted net income was $49.1 million or $2.13 per diluted share [22] - Fourth quarter adjusted EBITDA was $33.5 million compared to $42.6 million last year, with full-year adjusted EBITDA at $160.2 million [22] Business Line Data and Key Metrics Changes - Despite the storm's impact, the company maintained a healthy gross margin of 34% in the fourth quarter, reflecting performance in higher-margin businesses such as finance and insurance [11][19] - Adjusted SG&A expenses declined by more than $5 million in the fourth quarter due to ongoing expense reduction initiatives [12][19] Market Data and Key Metrics Changes - Most markets experienced revenue increases except Florida, which was significantly impacted by the hurricanes [18] - On a same-store basis, comparable unit inventories are roughly 30% below 2019 levels [23] Company Strategy and Development Direction - The company remains focused on enhancing operating leverage and expanding into higher-margin operations [11][12] - Strategic steps include streamlining the store network and leveraging best practices to realize synergies across the organization [34] - The company has completed 20 acquisitions over the past five years, representing about $700 million of high-margin revenue [33] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by Hurricanes Helene and Milton, which have disrupted operations and impacted revenue [9][17] - The company expects same-store sales in fiscal 2025 to be essentially flat, with consolidated margins in the low 30s [27][28] - Management expressed cautious optimism about improving industry inventory levels and potential interest rate declines [27][28] Other Important Information - The company incurred a charge of $4.7 million in the fourth quarter to write off assets damaged in Hurricane Helene [20] - Cash and cash equivalents were over $224 million at year-end, with a debt-to-EBITDA ratio of about one-time net of cash [23][25] Q&A Session Summary Question: Impact of Hurricane Helene on fourth quarter - Management estimated a $30 million top-line impact and a $6 million bottom-line impact from Hurricane Helene [38][39] Question: Guidance for fiscal 2025 - Guidance assumes recovery from current disruptions, with the West Coast of Florida being a critical market [40][41] Question: Retail financing rates - Retail financing rates are down year-over-year by approximately 100 basis points, with expectations for further benefits in 2025 [44][45] Question: Retail inventory levels - Management noted elevated inventory levels across the industry, with expectations for pressure on margins [51][52] Question: Promotional activity in the market - High promotional activity is anticipated as dealers aim to reduce inventory, which may pressure margins [56][57] Question: Service side of the business - The service side is expected to perform well due to reconstruction efforts post-hurricanes, providing opportunities for revenue growth [91][92]

UNITED by WATER MARINEMAX | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q4 and FY 2024 | | | | | | | | | | | | | | | | | | | | Financial Results | | | | | | | | | | October 31, 2024 | | | | | | | | | | | | | | | | | | | | | | Forward-Looking Statements Information contained in this presentation, other than historical information, should b ...

MarineMax (HZO) reported $563.12 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.3%. EPS of $0.24 for the same period compares to $0.69 a year ago. The reported revenue represents a surprise of -1.64% over the Zacks Consensus Estimate of $572.5 million. With the consensus EPS estimate being $0.18, the EPS surprise was +33.33%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

MarineMax (HZO) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this recreational boat dealer would post earnings of $1.35 per share when it actually produced earnings of $1.51, delivering a surprise of 11.85%. Over the last four quarters, t ...

Exhibit 99.1 MarineMax Reports Fiscal 2024 Fourth Quarter and Full Year Results ~ September Quarter Revenue of $563.1 Million, Down 5% Year-over-Year, Reflecting Impact of Hurricane Helene ~ ~ September Quarter Gross Margin of 34.3% Illustrating Strong Contributions from Higher-Margin Businesses ~ ~ Annual Same-Store Sales Growth of 1% Despite Challenging Industry Retail Environment ~ ~ Company Provides FY 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ OLDSMAR, Florida, October 31, 2024 ...

Hired graduates can receive up to $10,000 in benefits ORLANDO, Fla., Sept. 3, 2024 /PRNewswire/ -- Marine Mechanics Institute announced today that MarineMax has joined the Tuition Reimbursement Program (TRIP). MarineMax is the world's largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services. They have over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. As part of TRIP, MMI graduates who are hired by MarineMax can ...

Transaction Better Positions MasterCraft to Execute Strategic Growth Initiatives with Enhanced Operational Focus MasterCraft to Wind Down Merritt Island Production Facility Operations and Commence Marketing of Property for Sale Aviara Segment to be Reported as Discontinued Operations Beginning First Quarter Fiscal Year 2025 VONORE, Tenn., Aug. 08, 2024 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) ("MasterCraft" or the "Company") today announced that it has entered into an asset exchang ...

skynesher MarineMax, Inc. (NYSE:HZO), the boat dealership operator, reported the company's Q3 results on the 25th of July, showing a surprisingly good performance in the challenged industry backdrop. With the results beating Wall Street estimates by a notable margin, the stock went up by 17% on the earnings day. I previously wrote an article on the stock, titled "MarineMax: Extensive Acquisitions Could Prove Themselves Promising". In the article, published on the 18th of October in 2023, I initiated MarineM ...

In February 2019, our shareholders approved a proposal to amend our Stock Purchase Plan to increase the number of shares available under that plan by 500,000 shares. The Stock Purchase Plan as amended provides for up to 1,500,000 shares of common stock to be available for purchase by our regular employees who have completed at least one year of continuous service. In addition, there were 52,837 shares of common stock available under our 1998 Employee Stock Purchase Plan, which have been made available for i ...

QUARTERLY PERFORMANCE Revenue (Q3) $757.7M 2024 $721.8M 2023 32.0% 2024 33.8% 2023 | --- | |-------| | | | | | | | | 23 Formidable balance sheet provides capital for growth 2024 2023 $533.9M $521.6M Shareholders' Equity 2024 1.32 25 | --- | --- | --- | |-------------------------------------------------------------------------------------|---------------------------------------------------------------------|--------------------------------------------------------------------------------------| | | | | | Larg ...