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Marinemax (HZO)
NYSE:HZO
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-$0.18Last Year’s EPS
$0.19Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -4.99%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company facing significant challenges from hurricanes and economic conditions, but also achieving revenue growth, maintaining strong margins, and making strategic acquisitions. The balance of highlights and lowlights suggests a mixed outlook, with opportunities and pressures present.Company Guidance
During the MarineMax, Inc. earnings call for Q4 2024, the company reported a fiscal year revenue increase of approximately 2% to $2.4 billion, with a comparable store sales rise of 1%. Despite challenges from Hurricanes Helene and Milton, which notably impacted Florida operations, MarineMax maintained a strong gross margin of 34% for the quarter. The company implemented cost reduction initiatives, which helped decrease SG&A expenses by over $5 million. Looking ahead to fiscal 2025, MarineMax anticipates same-store sales to be essentially flat and expects to maintain consolidated margins in the low 30s, with adjusted EBITDA forecasted to range between $150 million and $180 million. The company also reported cash and cash equivalents over $224 million at year-end, with a debt-to-EBITDA ratio of about 1x, highlighting its continued financial strength.Fiscal 2024 Revenue Growth
Fiscal 2024 revenue increased approximately 2% from the prior year to $2.4 billion, with a 1% increase in comparable store sales.
Strong Gross Margin
Despite challenges, the company maintained a healthy gross margin of 34% in the fourth quarter, supported by higher-margin operations such as finance, insurance, IGY, and the Superyacht division.
Successful Cost Reduction Initiatives
Adjusted SG&A expenses declined by more than $5 million in the fourth quarter due to cost reduction initiatives.
Superyacht Division and Marina Achievements
IGY received multiple prestigious awards, including the 5 Gold Anchor accreditation and the Platinum accreditation for Yacht Haven Grande in St. Thomas.
Acquisition of Aviara Brand
MarineMax acquired the rights to the Aviara brand, planning to develop a profitable strategy for the brand.
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HZO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HZO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $30.04 | $29.13 | -3.03% |
| Jul 25, 2024 | $31.66 | $37.10 | +17.18% |
| Apr 25, 2024 | $27.18 | $25.60 | -5.81% |
| Jan 25, 2024 | $33.20 | $28.37 | -14.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marinemax (HZO) report earnings?
Marinemax (HZO) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Marinemax (HZO) earnings time?
Marinemax (HZO) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HZO EPS forecast?
HZO EPS forecast for the fiscal quarter 2025 (Q1) is -$0.18.
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