Filing Flows › Marinemax (HZO) › Q4 FY24
Marinemax (HZO) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 14, 2024
Marinemax (HZO) reported revenue of $563M for the fourth quarter fiscal 2024 (Q4 FY24), -5% from a year earlier and -26% from the quarter before. Operating margin was 4.8%, net earnings $4.0M (0.7% of revenue).
Marinemax, Q4 FY24: revenue $563M (-5% year over year), operating margin 4.8%, net earnings $4.0M, operating cash flow −$782K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $563M | -26% | -5% |
| Gross profit | $193M | -20% | -5% |
| Operating profit | $26.8M | -56% | -22% |
| Net earnings | $4.0M | -87% | -74% |
| Operating cash flow | −$782K | — | — |
What changed
Revenue was $563.1M in Q4 FY24, down 5% year over year and down 26% from the previous quarter.
Gross margin was 34.3%, unchanged from a year earlier. Operating profit was $26.8M, a 4.8% margin (down 1.0 points year over year). Operating expenses fell 2% while revenue fell 5%. Net earnings were $4.0M, down 74% year over year. The effective tax rate was 46.7%.
Operating cash flow was −$782K. Non-cash charges added back $11.4M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $23.4M. Capital expenditures of $16.7M exceeded it, leaving free cash flow of −$17.5M.
Questions
What was Marinemax's revenue in the fourth quarter fiscal 2024?
Marinemax (HZO) reported revenue of $563M for the fourth quarter fiscal 2024 (Q4 FY24), -5% from a year earlier and -26% from the quarter before.
Was Marinemax profitable in the fourth quarter fiscal 2024?
Operating profit was $26.8M (4.8% of revenue) and net earnings $4.0M.
Source: Marinemax 10-K on SEC EDGAR.