UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2022. Commission File Number. 1-14173 MARINEMAX, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) Florida 59-3496957 2600 McCormick Drive, Suite 200 Clearwater, Florida 33759 (Address ...

UNITED by WATER Information contained in this presentation, other than historical information, should be considered forward-looking and subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the operating results, performance and financial condition of the C ...

MarineMax, Inc. (NYSE:HZO) Q1 2023 Earnings Conference Call January 26, 2023 10:00 AM ET Company Participants Scott Solomon - Investor Relations-Sharon Merrill Mike McLamb - Chief Financial Officer Brett McGill - Chief Executive Officer & President Conference Call Participants James Hardiman - Citi Fred Wightman - Wolfe Research Drew Crum - Stifel Joe Altobello - Raymond James Mike Swartz - Truist Securities Eric Wold - B. Riley Securities David MacGregor - Longbow Research Operator Good morning, and welcom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE MarineMax, Inc. (Exact Name of Registrant as Specified in Its Charter) ACT OF 1934 For the fiscal year ended September 30, 2022 Commission File Number 1-14173 Florida 59-3496957 (State of Incorporation) (I.R.S. Employer Identification No.) 2600 McCormick Drive Suite 200, Clearwater, Florida 33759 (727) 531-1700 (Address, including zip code, and telephone ...

MarineMax, Inc. (NYSE:HZO) Q4 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Dawn Francfort - Investor Relations Mike McLamb - Chief Financial Officer Brett McGill - Chief Executive Officer & President Conference Call Participants Fred Wightman - Wolfe Research James Hardiman - Citi Joe Altobello - Raymond James Eric Wold - B. Riley Mike Swartz - Truist Securities Joe Nolan - Longbow Research Operator Good morning, and welcome to the MarineMax, Inc. 2022 Fiscal Fourth Quarte ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements for June 30, 2022, reflect revenue and net income growth, balance sheet expansion, and decreased operating cash flow [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The condensed consolidated statements of operations show revenue and net income growth for both the three and nine-month periods ended June 30, 2022 Condensed Consolidated Statements of Operations (Unaudited, in thousands) | Metric | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $688,537 | $666,328 | 3.3% | | Gross Profit | $236,473 | $204,674 | 15.5% | | Income from Operations | $95,300 | $80,908 | 17.8% | | Net Income | $70,179 | $59,618 | 17.7% | | Diluted EPS | $3.17 | $2.59 | 22.4% | | Metric | Nine Months Ended June 30, 2022 | Nine Months Ended June 30, 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $1,771,334 | $1,600,947 | 10.6% | | Gross Profit | $608,987 | $484,881 | 25.6% | | Income from Operations | $214,285 | $165,761 | 29.3% | | Net Income | $159,629 | $122,153 | 30.7% | | Diluted EPS | $7.11 | $5.33 | 33.4% | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2022, total assets grew to **$1.32 billion**, driven by increased inventories and goodwill, with liabilities and equity also rising Condensed Consolidated Balance Sheet Highlights (Unaudited, in thousands) | Metric | June 30, 2022 | September 30, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $281,351 | $222,192 | | Inventories, net | $374,217 | $230,984 | | Goodwill and other intangible assets, net | $248,194 | $201,122 | | **Total Assets** | **$1,320,069** | **$1,007,823** | | **Liabilities & Equity** | | | | Short-term borrowings | $107,222 | $23,943 | | Total Liabilities | $577,329 | $412,931 | | Total Shareholders' Equity | $742,740 | $594,892 | | **Total Liabilities and Shareholders' Equity** | **$1,320,069** | **$1,007,823** | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended June 30, 2022, operating cash flow significantly decreased due to inventory, while investing activities used cash for acquisitions, and financing provided cash from borrowings Cash Flow Summary (Unaudited, in thousands) | Cash Flow Activity | Nine Months Ended June 30, 2022 | Nine Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $123,036 | $329,614 | | Net cash used in investing activities | ($113,161) | ($131,105) | | Net cash (used in) provided by financing activities | $50,868 | ($154,071) | | **Net increase in cash and cash equivalents** | **$59,159** | **$44,628** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's business background, including reliance on Brunswick brands and recent acquisitions, along with revenue recognition, segment reporting, and debt structure - The company is the **world's largest recreational boat and yacht retailer**, operating **79 retail locations in 21 states** as of June 30, 2022, also owning superyacht brokerage firms and boat manufacturers like Cruisers Yachts and Intrepid Powerboats[26](index=26&type=chunk) - Sales of new boats from Brunswick Corporation accounted for approximately **27% of revenue in fiscal 2021**, with exclusive dealership agreements for Sea Ray, Boston Whaler, and Azimut Yachts in its markets[27](index=27&type=chunk)[28](index=28&type=chunk) - In November 2021, the company acquired **Intrepid Powerboats and Texas MasterCraft**, adding to its Product Manufacturing and Retail Operations segments, respectively[29](index=29&type=chunk) Segment Revenue and Income from Operations (in thousands) | Segment | Nine Months Ended June 30, 2022 | Nine Months Ended June 30, 2021 | | :--- | :--- | :--- | | **Revenue** | | | | Retail Operations | $1,690,172 | $1,591,445 | | Product Manufacturing | $129,804 | $20,417 | | **Income from Operations** | | | | Retail Operations | $204,124 | $164,841 | | Product Manufacturing | $13,733 | $3,521 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes revenue growth to acquisitions and comparable-store sales, with gross profit margin expanding due to demand and higher-margin businesses, maintaining strong liquidity despite inventory build-up - For the nine months ended June 30, 2022, revenue increased **10.6%** to **$1.771 billion**, driven by a **$44.0 million (2.8%)** increase in comparable-store sales and contributions from acquisitions[119](index=119&type=chunk) - Gross profit margin for the nine-month period increased to **34.4%** from 30.3% in the prior year, primarily due to demand-driven increases in boat margins and growth in higher-margin businesses[120](index=120&type=chunk) - Selling, general, and administrative (SG&A) expenses increased by **23.7%** for the nine-month period, driven by the mix of higher-margin businesses, increased commissions from higher gross profit, and recently acquired operations[121](index=121&type=chunk) - The company maintains a **$500 million credit facility**, expiring in **July 2024**, for working capital and inventory financing, and was in compliance with all covenants as of June 30, 2022[129](index=129&type=chunk)[131](index=131&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to interest rate risk on variable-rate debt, with a **100 basis point** increase potentially raising annual pre-tax interest expense by **$1.4 million**, and also faces unhedged foreign currency exchange risk - The company is exposed to interest rate risk, where a hypothetical **100 basis point increase** in interest rates would result in an approximate **$1.4 million increase** in annual pre-tax interest expense based on debt levels at June 30, 2022[137](index=137&type=chunk) - The company faces **foreign currency exchange rate risk** on products purchased from European and Chinese manufacturers, which can impact retail pricing and profitability, and is **not currently engaged in foreign currency hedging**[138](index=138&type=chunk)[139](index=139&type=chunk) [Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2022, while internal controls are being implemented for the recently acquired Intrepid - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of the end of the period covered by the report (June 30, 2022)[142](index=142&type=chunk) - Following the acquisition of Intrepid on November 1, 2021, the company is **implementing accounting processes and internal controls** over financial reporting for the new subsidiary[143](index=143&type=chunk) [PART II. OTHER INFORMATION](index=28&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal actions arising in the ordinary course of business, which are not expected to have a material adverse effect on its financials - The company states that ongoing legal actions from the ordinary course of business are **not expected to have a material adverse effect** on its financials[147](index=147&type=chunk) [Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) No new risk factors were reported for the period - **No new risk factors** were disclosed in this quarterly report[148](index=148&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=28&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the three months ended June 30, 2022, the company repurchased **127,079 shares** of common stock at an average price of **$39.52** per share under an existing program Common Stock Repurchases (Q3 2022) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 1, 2022 - April 30, 2022 | 127,079 | $39.52 | | May 1, 2022 - May 31, 2022 | - | - | | June 1, 2022 - June 30, 2022 | - | - | | **Total** | **127,079** | **$39.52** | - The company's share repurchase program, extended on March 1, 2022, authorizes the purchase of up to **10 million shares** through **March 31, 2024**[150](index=150&type=chunk) [Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and Sarbanes-Oxley certifications - Key exhibits filed include **CEO and CFO certifications** pursuant to Rule 13a-14(a) and Section 906 of the **Sarbanes-Oxley Act of 2002**[156](index=156&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 2600 McCormick Drive, Suite 200 Clearwater, Florida 33759 (Address of Principal Executive Offices) (ZIP Code) 727-531-1700 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2022. Commission File Number. 1-14173 MARINEMAX, INC. (Exact Name ...

MarineMax, Inc. (NYSE:HZO) Q2 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Dawn Francfort - ICR, IR Mike McLamb - CFO Brett McGill - President & CEO Conference Call Participants Joe Altobello - Raymond James Fred Wightman - Wolfe Research Eric Wold - B. Riley Securities Lucas Servera - Truist Securities James Hardiman - Citi Joseph Nolan - Longbow Research Operator Good morning, and welcome to the MarineMax 2022 Fiscal Second Quarter Conference Call. Today's call is being re ...

PART I. FINANCIAL INFORMATION This section presents the unaudited condensed consolidated financial statements and management's discussion for the three months ended December 31, 2021 [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Presents MarineMax, Inc.'s unaudited condensed consolidated financial statements for the three months ended December 31, 2021, with comparative data and detailed notes [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Details the company's revenue, gross profit, operating income, and net income for the three months ended December 31, 2021 and 2020 Three Months Ended December 31 (in thousands, except per share data) | Financial Metric | 2020 | 2021 | | :--- | :--- | :--- | | **Revenue** | **$411,524** | **$472,691** | | Gross profit | $123,401 | $167,199 | | Income from operations | $31,984 | $47,202 | | **Net income** | **$23,600** | **$35,943** | | Diluted net income per common share | $1.04 | $1.59 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Provides a snapshot of the company's assets, liabilities, and shareholders' equity as of September 30, 2021, and December 31, 2021 Balance Sheet Data (in thousands) | Account | Sep 30, 2021 | Dec 31, 2021 | | :--- | :--- | :--- | | **Total current assets** | **$517,519** | **$597,915** | | Inventories, net | $230,984 | $325,396 | | **Total assets** | **$1,007,823** | **$1,175,136** | | **Total current liabilities** | **$251,093** | **$379,920** | | Short-term borrowings | $23,943 | $113,461 | | **Total liabilities** | **$412,931** | **$541,784** | | **Total shareholders' equity** | **$594,892** | **$633,352** | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Outlines the cash flows from operating, investing, and financing activities for the three months ended December 31, 2021 and 2020 Cash Flow Summary for Three Months Ended Dec 31 (in thousands) | Cash Flow Activity | 2020 | 2021 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(12,839) | $8,079 | | Net cash used in investing activities | $(55,177) | $(92,578) | | Net cash provided by financing activities | $33,095 | $78,996 | | **Net decrease in cash and cash equivalents** | **$(34,554)** | **$(5,877)** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides additional information on the company's business, significant acquisitions, accounting policies, and segment reporting - The company is the largest recreational boat and yacht retailer, operating through **79 retail locations in 21 states** as of December 31, 2021[22](index=22&type=chunk) - In November 2021, the company acquired Intrepid, a powerboat manufacturer, and Texas Marine Holdings ("Texas MasterCraft"), a watersports dealer[25](index=25&type=chunk) - Effective May 2, 2021, the company changed its reportable segments to two new segments: Retail Operations and Product Manufacturing, following the acquisition of Cruisers Yachts[34](index=34&type=chunk)[90](index=90&type=chunk) Segment Revenue and Income from Operations (Three Months Ended Dec 31, in thousands) | Segment | Revenue 2021 | Income from Operations 2021 | | :--- | :--- | :--- | | Retail Operations | $454,618 | $45,123 | | Product Manufacturing | $34,244 | $3,443 | | Elimination of intersegment | $(16,171) | $(1,364) | | **Total** | **$472,691** | **$47,202** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial results for the quarter ended December 31, 2021, highlighting revenue growth, margin expansion, liquidity, and capital resources [Consolidated Results of Operations](index=21&type=section&id=Consolidated%20Results%20of%20Operations) Analyzes the company's revenue, gross profit, and selling, general, and administrative expenses for the three months ended December 31, 2021 - Revenue for the three months ended Dec 31, 2021, **increased by $61.2 million (14.9%) to $472.7 million**, compared to the same period in 2020[109](index=109&type=chunk) - The revenue increase was driven by an **8.9% increase in comparable-store sales ($36.6 million)** and a **$24.6 million net increase from acquisitions and manufacturing operations**[109](index=109&type=chunk) - Gross profit margin **increased to 35.4% from 30.0%** year-over-year, primarily due to demand-driven price increases and growth in higher-margin businesses[110](index=110&type=chunk) - Selling, General, and Administrative (SG&A) expenses **increased by 31.3% to $120.0 million**, driven by acquisitions and a business mix shift towards higher-margin businesses that have a higher expense structure[111](index=111&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) Discusses the company's cash flow activities, credit facility, and ability to meet short-term and long-term liquidity needs - Cash provided by operating activities was **$8.1 million** for the three months ended Dec 31, 2021, a significant improvement from the **$12.8 million used** in the prior-year period[116](index=116&type=chunk) - Cash used in investing activities was **$92.6 million**, primarily for acquisitions (including Intrepid and Texas MasterCraft) and property and equipment purchases[117](index=117&type=chunk) - The company has a credit facility of up to **$500.0 million**, expiring in July 2024. As of December 31, 2021, the company was in compliance with all covenants[119](index=119&type=chunk)[120](index=120&type=chunk) - Management believes cash from operations and existing capital resources are adequate to meet liquidity needs for at least the next 12 months, excluding potential significant acquisitions[123](index=123&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Identifies the company's primary market risks, including interest rate risk and foreign currency exchange rate risk - The company is exposed to interest rate risk on its variable-rate debt. A hypothetical **100 basis point increase** in interest rates would result in an estimated **$1.5 million increase in annual pre-tax interest expense**[127](index=127&type=chunk) - Foreign currency exchange risk exists from purchasing products from European and Chinese manufacturers and from the operations of Fraser Yachts Group and Northrop & Johnson, which have transactions in currencies other than the U.S. dollar[128](index=128&type=chunk)[129](index=129&type=chunk) [Item 4. Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures) Details management's evaluation of the company's disclosure controls and procedures, including implementation for new acquisitions - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[131](index=131&type=chunk) - During the quarter, the company began implementing internal controls over financial reporting for the newly acquired Intrepid, which was acquired on November 1, 2021[132](index=132&type=chunk) PART II. OTHER INFORMATION This section covers legal proceedings, risk factors, and exhibits filed with the quarterly report [Item 1. Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) Addresses ongoing legal actions arising in the ordinary course of business and their expected impact on the company's financials - The company states that ongoing legal actions from the ordinary course of business are not expected to have a material adverse effect on its financial condition or results[137](index=137&type=chunk) [Item 1A. Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) States that no new material risk factors were reported for the current period - No new risk factors were reported in this quarterly filing[138](index=138&type=chunk) [Item 6. Exhibits](index=26&type=section&id=Item%206.%20Exhibits) Lists the supporting documents and certifications filed with the Form 10-Q - The exhibits include amendments to the company's Loan and Security Agreement and certifications from the CEO and CFO[145](index=145&type=chunk)

Financial Performance - Net sales reached $2.06 billion, a 37% increase[4] - Diluted EPS nearly doubled to $6.78[4] - Gross margin expanded to 32%[4] - Pre-tax CAGR was 39%[4] - Same store sales increased by 13%[4,39] Growth and Expansion - Average store revenue increased by 89% since 2015 to $28.9 million[12] - Marina revenue contributed $31.6 million to high margin growth[14] - Revenue increased 37%[39] Balance Sheet - Cash position was strong at $216.3 million in 2021, compared to $120.9 million in 2020[43] - Tangible net worth was $394 million[27] - Stockholders' equity reached $633.4 million[44]